|||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|
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||||||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|in|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|
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|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||
|5|Staff Costs|Group|Group|
|---|---|---|---|
|||2022|2021|
||Wages and salaries
Social security costs|530,634
368,373|538,189
404,277|
|||899,007|942,466|
|6|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|
|7|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|
##
|8|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|
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|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|