2022-12-31-accounts - European Renal Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Reference and Administrative	Details	1 —2
Report ofthe Council of Management		3-9
Report ofthe Auditors		10-13
Consolidated and Association	Statement of Financial Activities	14
Consolidated and Association	Balance Sheets	15
Consolidated and Association	Statement ofCash Flows	16
Statement ofAccounting Policies		18
Notes to the Financial Statements		22-30

					Group	Group	Charity		Charity
					2022	2021	2022		2021
					Total	Total	Total		Total
					unrestricted	unrestricted	unrestricted	unrestricted
Income from:				Note	funds 6	funds 6	funds 6		funds 6
Donations
Donations						29,276			29,276
Gift aid payments from subsidiary							1,450,603		1,299,870
Charitable activities				3	4,230,823	3,370,504	4,230,823		3,370,504
Other trading activities
Trading activity —Exhibition space,			industry
symposia, sponsorship selvlces		and other	ancillary		3,849,945	2,190,480
Other trading activity	—Euromeetings					51,846
Investments
Income from investments				8a
Interest received					376		376
Other Income					47,492	53,187	47,492		41,442
Total					8,128,636	5,695,293	5,729,294		4,741,092
Expenditure on:
Raising funds Promotional activities					213,273	119,020	165,332		111,772
Other trading activity	—Euromeetings					13,224
Charitable activities				4	5,682,432	3,943,861	4,207,436		3,306,254
Total					5,895,705	4,076,105	4,372,768		3,418,026
Net Income before	net	gains on	investments		2,232,931	1,619,188	1,356,526		1,323,066
Currency movements on translation Net (losses)/gains on investments				8a	(18,918) (388,968)	(12,448) 146,932	(18,918) (388,968)		30,263 146,932
Net income and net movement			in funds		1,825,045	1,753,672	948,640		1,500,261
Reconciliation offunds:
Total funds brought	forward				11,093,345	9,339,673	9,274,713		7,774,452
Total funds carried	forward				12,918,390	11,093,345	10,223,353		9,274,713

						Group	Group	Charity	Charity
					Notes	2022	2021	2022	2021
						6		6
Fixed assets
Tangible fixed assets					7	534,095	9,180	534,095	9,180
Investments					8	3,060,090	3,455,965	3,060,095	3,455,969
						3,594,185	3,465,145	3,594,190	3,465,149
Current Assets
Debtors					9	1,172,193	1,220,413	539,327	374,741
Cash at bank	and	in	hand		10	10,329,553	8,526,162	7,725,871	6,977,273
						11,501,746	9,746,575	8,265,198	7,352,014
Liabilities
Creditors: Amounts			falling	due within
one year					11	2,034,384	1,984,941	1,492,878	1,409,016
Net Current	Assets					9,467,362	7,761,634	6,772,320	5,942,998
Total assets	less	current		liabilities		13,061,547	11,226,779	10,366,510	9,408,147
Creditors: Amounts			falling	due after more
one year					11	143,157	133,434	143,157	133,434
Net Assets						12,918,390	11,093,345	10,223,353	9,274,713
Funds of the Charity
Unrestricted	funds					12,918,390	11,093,345	10,223,353	9,274,713
Total Charity	Funds					12,918,390	11,093,345	10,223,353	9,274,713

					Group	Group	Charity	Charity
			Notes		2022	2021	2022	2021
						a	6	6
Net cash from operating activities				1	2,334,784	2,104,359	1,279,991	1,956,279
Cash flows from investing	activities:
Purchase offixed assets					(538,299)	(9,985)	(538,299)	(9,985)
Purchase of investments						(600,000)	—	(600,000)
Proceeds from sale ofinvestments					6,906	-	6,906
Cash used by investing activities					(531,393)	(609,985)	(531,393)	(609,985)
Change in cash and cash in the year	equivalents			2	1,803,391	1,494,374	748,598	1,346,294
Cash and cash equivalents	brought		forward		8,526,162	7,031,788	6,977,273	5,630,979
Total cash and cash equivalents		carried forward		3	10,329,553	8,526,162	7,725,871	6,977,273

1	Reconciliation of		net movements	net movements	Group	Group	Charity	Charity
	funds to net cash		flow from	operating	2022	2021	2022	2021
	activities					6	6	6
	Net movement in		funds for the reporting
	period (as per the		statement	of financial
	activities)				1,825,045	1,753,672	948,640	1,500,261
	Adjustments for:
	Net losses/(gains)		on investments		388,968	(152,350)	388,968	(152,350)
	Charges adjustment		on investments			5,418		5,418
	Depreciation				13,384	6,955	13,384	6,955
	Loss on disposal offixed assets					492		492
	Decrease/(increase)		in debtors		48,221	(521,462)	(164,586)	42,170
	Increase in creditors				59,166	1,011,634	93,585	553,333
	Net cash generated from operating
	activities				2,334,784	2,104,369	1,279,991	1,966,279
2	Reconciliation of		net cash flow to		Group	Group	Charity	Charity
	movement in net	funds			2022	2021	2022	2021
							6
	Balance at 1 January				8,526,162	7,031,788	6,977,273	5,630,979
	Net cash inflow				1,822,309	1,506,822	767,516	1,316,031
	Exchange (losses)		/ gains on cash		(18,918)	(12,488)	(18,918)	30,263
	Balance at 31 December				10,329,553	8,526,162	7,725,871	6,977,273
3	Analysis of cash	and cash and			Group	Group	Charity	Charity
	cash equivalents				2022	2021	2022	2021
					6			6
	Cash at bank and	in hand			10,329,553	8,526,162	7,725,871	6,977,273

2	Income —Donations		Group 2022	Group 2021	Charity 2022	Charity 2021
			6
	Working Groups			29,276		29,276
				29,276		29,276
3	Income —Charitable activities		Group 2022	Group 2021	Charity 2022	Charity 2021
			6
	Congress Proceeds: —Direct -Congress Membership Membership Journals and Editorial Offices	Fees	2,185,082 497,735 1,548,006	1,708,795 365,215 1,296,494	2,185,082 497,735 1,548,006	1,708,795 365,215 1,296,494
			4,230,823	3,370,504	4,230,823	3,370,504
4	Expenditure —Support Costs		Group 2022	Group 2021	Charity 2022	Charity 2021
				6		6
	ERA HQ and staff management Professional Fees —Governance	costs	43,587 262,212	96,333 260,022	43,587 221,437	96,311 222,555
	Administration Management Miscellaneous		384,700 31,338	152,710 3,311	384,700 31,338	148,274
	Staff costs Bank Charges 8 Other Commission Bad Debts		899,007 56,231 651	942,466 45,225 15,834	899,007 54,924	942,466 44,436
			1,677,726	1,515,901	1,634,993	1,454,042

4	Charitable	Expenditure	Expenditure		—Group	Direct cost	Support cost	Total	Total
						2022	2022	2022	2021
						6			F.
	Congresses Education Research		and other trading			2,902,518 203,156 830,928	1,215,977 85,100 348,108	4,118,495 288,266 1,179,036	2,233,134 127,361 1,458,773
	Meetings Relations	with Societies			and Institutions	17,327 50,777	7,259 21,272	24,586 72,049	44,891 79,702
						4,004,706	1,677,726	5,682,432	3,943,861
Charitable Expenditure —Group Comparative						Direct cost	Support cost	Total
						2021	2021	2021
							6	E
	Congresses Education		and other trading			1,374,785 78,407	858,349 48,954	2,233,134 127,361
	Research					898,065	560,708	1,458,773
	Meetings Relations	with Societies			and Institutions	27,636 49,067	17,255 30,635	44,891 79,702
						2,427,960	1,515,901	3,943,861
Charitable Expenditure-				Charity		Direct cost	Support cost	Total	Total
						2022	2022	2022	2021
								6	6
	Congresses and other trading Education Research Meetings Relations with Societies and Institutions					1,470,255 203,156 830,928 17,327 50,777	934,464 129,122 528,121 11,013 32,273	2,404,719 332,278 1,359,049 28,340 83,050	1,426,304 139,959 1,603,074 49,331 87,586
						2,572,443	1,634,993	4,207,436	3,306,254
	Charitable Expenditure-				Charity Comparative	Direct cost	Support cost	Total
						2021	2021	2021
								6
	Congresses Education		and other	trading		799,037 78,407	627,267 61,552	1,426,304 139,959
	Research					898,065	705,009	1,603,074
	Meetings Relations	with Societies and Institutions				27,636 49,067	21,695 38,519	49,331 87,586
						1,852,212	1,454,042	3,306,254

Staff Costs	Group	Group
	2022	2021
Wages and salaries Social security costs	530,634 368,373	538,189 404,277
	899,007	942,466

Auditors'	Remuneration	Remuneration					Group	Group
							2022 6	2021f
Fees payable to the		Company's		auditor and its	associates for	the
audit for	the Group's	annual	financial statements		(including
subsidiary	companies)							~42 4
Fees payable to the		Company's		auditor and	its associates	in
respect Taxation	of: compliance	services					5,330	4,310
All other	services						16550	15850
							K2E	~6

Tangible Assets —Group & Charity	Land &	Furniture	Electronics
	Building	&Fittings	Software	Total
Cost
At 1 January 2022		15,363	26,199	41,562
Additions	529,608		8,691	538,299
Disposals
At 31 December 2022	529,608	15,363	34,890	579,861
Depreciation
At 1 January 2022		12,090	20,292	32,382
Charge in year	7,944	1,309	4,131	13,384
Disposals
At 31 December 2022	7,944	13,399	24,423	45,766
Net BookValue
31 December 2022	275	1,964	10,467	534,095
31 December 2021	275	3,273	5,632	9,180

Investments	Investments	-Charity	&Group		2022	2021
					k
~Grou	—Listed non-UK		investments	on recognised
stock	exchanges (note		Sa)		3,060,091	3,455,965
Investment in		Subsidiaries			4	4
~Charl	2022				3,060,095	3,455,969
Historical Cost
Group	- Listed	non-UK	investments	on recognised
stock	exchanges (note		8a)		2,393,094	2,400,000
Investment in		Subsidiaries			4	4
Charity	2022				2,393,098	2,400,004

03431245 and is wholly owned by the C 31 December and has reported the following:	harity. The company prepares financial sta	tements to
	2022	2021
	k	6
Net assets	2,695,142	1,818,639
Turnover	3,849,945	2,190,480
Expenditure	(2,868,023)	(2,017,506)
Profit	981,922	172,974

9	Debtors: Amounts	falling	falling	due	due	within one	year	Group	Group	Charity	Charity
								2022	2021	2022	2021
								g
	Amounts due from subsidiary				undertaking
	Trade debtors							169,000		169,000
	Future congress expenses			paid		in advance		23,222	19,385	23,222	19,385
	Membership fees receivable								25,225		25,225
	Other debtors							27,128	28,101	27,128	28,101
	VAT
								219,350	72,711	219,350	72,711
	Debtors: Amounts	falling		due		after more than one year
	Trade debtors							486,130	470,057
	Future congress expenses			paid		in advance		466,713	656,845	319,977	281,230
	Other debtors								20,800		20,800
								952,843	1,147,702	319,977	302,030
	Total Debtors							1,172,193	1,220,413	539,327	374,741
10	Cash at bank and in		hand					Group	Group	Charity	Charity
								2022	2021	2022	2021
									e	a
	Bank accounts							10,328,107	8,520,809	7,724,425	6,972,591
	Petty cash accounts							1,446	5,353	1,446	4,682
								10,329,553	8,526,162	7,725,871	6,977,273
11	Creditors: Amounts		falling due within one year					Group	Group	Charity	Charity
								2022	2021	2022	2021
								e		6	6
	Other creditors							190,244	115,741	78,691	59,443
	Accruals and deferred		income					1,844,140	1,869,200	1,414,187	1,349,573
	Amounts due to subsidiary			undertaking
								2,034,384	1,984,941	1,492,878	1,409,016
	Creditors: Amounts		falling due after more than					one year
	Deferred salary							143,157	133,434	143,157	133,434
							28

	Deferred Income	Deferred Income							Group	Group	Charity	Charity
									2022	2021	2022	2021
									6	8	6
	At 1 January								1,485,044	77,218	993,757	77,218
	Resources deferred			in the year					1,704,487	1,465,044	1,303,500	973,757
	Amount received		from previous			year			(1,485,044)	(57,218)	(993,757)	(57,218)
	At 31 December								1,704,487	1,485,044	1,303,500	993,757
	Deferred income		mainly		relates	to membership		income received		in advance of	the following	year along
	with Congress	income received				in advance ofthe			following year.
12	Net Assets						2022				2021
					General		Reserve			General	Reserve
					Fund		Fund		Total	Fund	Fund	Total
	Fixed Assets					6		6		fi	6
	Tangible fixed	assets			534,095				534,095	9,180		9,180
	Investments						3,060,090		3,060,090		3,455,965	3,455,965
					534,095		3,060,090		3,594,185	9,180	3,455,965	3,465,145
	Net current assets				9,467,362				9,467,362	7,761,634		7,761,634
	Creditors due	after more
	than a year				(143,157)				(143,157)	(133,434)		(133,434)
	Total				9,858,300		3,060,090		12,918,390	7,637,380	3,455,965	11,093,345

for each o	fthe reporting periods:
		2022	2021
		6	E
Payments	due
Not later than one year			12,000
Later than	one year but not later than five years		66,800
			78,800