Charlty Reglstratlon Number 1061108 THE ANALYficAL METHODS TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE ANALYficAL METHODS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees JN Miller (Chaim18nl CS Creaser G Greenway AJ Handley ID Lumley D Stevenson F Sweeting R Wood Honordry secrotary to the trustoes ID Lumley Prln¢lpal office The Royal Society of Chemistry Burtinglon House London W1J OBA Independent examlner Nicholas S18dden FCA DChA BFP RSM UK Tax and Accounling Limited 25 FaingdOn Street London EC4A 4AB Rggistor•d Charity number 1061108
THE ANALYficAL METHODS TRUST COMMITTEE REPORT The trustges pres8nttheirreport, along with the financial ststements of the charrty forthe year ended 31 December 2022. The financial ststements have been prepared in accordance with the Ststement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in ac¢ord8nce wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. Structure. govemance and management The Analytical Methods Trust (the Trust) is a registed charity under the name of The Society for Analybcal Chemistry AnatytiC81 Methods Trust Fund Icharity Number 10611081 and is constitsjled by a Trust Deed dat&d I February 1956. The aim of the charity is to extend the knowledge and study of analyb'cal chemistry, together with the development and validation of new and improved methods of analysis. The Irust6es may invest in anything pemiitted by law bul are restricted to inv8slments in companles with paid up capital of £500,000 or over. The Twsl administers the day-daY finances of the specialist Expertworking Groups of the Analytical Methods Committee. The trustees, who have served during the yearand since the year end are Set out on page 1 and are all associated with the Analytical Division of the Royal Society of Chemistry {RSCI,' they meet in formal committee 8t least once per year. Day-tO-d8y financial business Is conducted by correspDndence involving mainly the Chairman an(1 Honorary Secretary to the trustees. New trustees are chosen by existing trustees. Trustees a expected to have demonstrated an interest in gnd to have long-lemi knowledge of the activities oflhe Analytical Methods Committee and its Sub£ommittegs. Most are likely lo have extensive knowledge of analytical chemisty and of all m8tters relating to the analysis, nature and composition of natural and manufactured materials. Four out of the eight current Iruslees have been elected President of the AnalyLical Division of the Royal Society of Chernisty. The Trust Gonsiders all the above trustees to be their key management p8rsonnel. The trustees who served frorn l January 2022 were: JN Miller F Sweeting D Stevenson AJ Handley CS Creaser G Greenway R Wooij ID Lumley Objectives To promote and encourage the acquisition and dissemination of knowledge in regard to methods of chemical analysis and the education of persons as anatyts'cal chemists. Rlsk management Twstees review the Gommitrnents expectsd lo be mad8 on the unrestrfcted funds annu8lly, to assure themselves that demands nomially fall wthin income. Trustees only accept funds for restrirted work when an 8gre&m8nl to cover full costs has b8en r8WV8d in adv3nce. Financial procedures are in place to monitor 8xpenditur8 on individual programmes, and these are reviewed periodicalty lo ensure that they megt the current requirements of the Trust. Grant maklng pollcy Outline progrdmmes for the specialist Expert Working Groups (EWGS) 8re approved by the Anatytlcal Methods Committee IAMCI of the Analytical Division, which rec6ives regular reports on progress made. In addition, the Expert Working Grc4Jps publish their work in the scientific Itteralure or on the webslte so pennltllng scrutlny by the analyb.cal community. The AMC Chairman makes an annual report, including any recommendations for action or change resutting from AMC discussions to the trustees al the fomal meeting. Decisions on granting financial support or partial support for kctvreships, fellowships, studentships and other educational research are made only after consideration by the trustees and again regular progress reports aTe required. Work by the speci81ist Expert Worklng Groups Is n(rt aulhorfsed unless Supporting finances from donations or invostment Income Is guararTleed. 21Pa¥c
THE ANALYficAL METHODS TRUST COMMrrTEE REPORT Investment pollcy The Trust has a capllal invèstment currently with 8 market value of £954,665 generating income of about £30,000 per annum. The Trust invests in an Allianz portfolio Fixed Int8rest Fund part of Allianz Global Investors. who manage the fijnd within a low risk policy of modest grovrth and reasonable income. and with the 8lackRock Charishare Common Invesknenl Fund. The Trust's investments, which had been adversely affected by Covid-19, started to recover in 2021. However following outbreak of the w8r in Ukraine in February 2022, th8 investments were again negatlV8ly impacted and 8t the year end had generated a net loss of £70.62012021.' nel gain £76,0341- ReseNe5 poIIcy The accumulated capital remaining invested is regarded as a reserve lo cover unforeseen eventualities in the administration or funding Df work projects. The reserves policy is to retsin the capital value of the fund. so far as this is practical in view of the maTket variations and, if possible. to use only the income from investments to support unrestricted activities. Method development progr8mmes an¢J educational projects are caft1[1Y examined before commencement and regular progres5 meetings are required. Restricted funds are expected to cover the full costs of restricted activitie5 with the expenses of these prograrnmes carried by speciflo sponsors and are not expecled to impinge on reserves. At 31 December 2022, ijnreslricled funds amounted lo £1,020,88812021.' £1,068,004) of which £476 is designated12021: £1,207) and reslricled reseryes for the year We £10,85612021: £10,8561- ACHIEVEMENTS AND PERFORMANCE The WOTk of the AMC Expert Working Groups is no longer routinely supported by any outside organis81ion. As re5uIt, a review system for the EWGS has been implemented. Each will be assessed for need and effeclnieness on a three year rolling prcoramme. The past twefve months has agaln seen some acllvity In the area of AMC publications and initiatives. The website <w.rsC.Or) has now become the m8in vehlcle for AMC communication and publication. Of these the most on- going popular activity has been the software that the AMC has produced followgd by the various Technical Briofs. Only three new'Technical Briefs" have been added this year, they are: Summarfsing the precision slalistics from collaborative trials (Anal. Methods. 2022, 14, 678) A periodic tablp for liquid chrDmatogr8phy separation modes (Anpl. M&lhods, 2022, 14, 30331 Comparing measurement uncertainty values (Anal Methods, 2022. 14. 4025) The Technical Briefs were published in the RSC joumal Analytical Methods as well as on the AMC Web-5its', they are directy downloadable from both sources. They aT8 peer reviewed from within the AMC. The Technical Briefs that have been prepared bring up-to4ate technical infomiation to members of the Analytical Division and the wider Analytical Community. The areas covered refiect the activf(ies of the varfous subcommittees of the AMC 8nd concentrate on Items that are Important for 8nalytlc81 sdenllsls, currently topical. and not readily available from other sources. The Briefs are carefully drafted by Expert Working Groups and then separatety scnjlinised by the whole AMC before final approval and pubb'cation. Apart from thelr general application, they comprise a uselLs1 addition to CPD and so include a CPD Statement. 31Pagc
THE ANALYficAL METHODS TRUST COMMrrrEE REPORT In addition, a number of Reports have botsn published, most notably= AppliG8tion of Gas-Liquid Chromatography lo th8 Anatysis of Essential Oils: Part XXV.. Part 1 of 2.. Fingerprtnt GLC of three of five ketone-containing essential oils. Part 1.. Experimental, results, thujones and dar1eaf oils Perfumer and Flavorist, 2022, 47 IDecernberl, 26 - 35 Not8-. Part 2 (Fennel olls 8nd womiwwd oil) to be published as the succeeding part in Janu8ry, 2023. The following Expert Working Groups are appointed by the AMCIAD GounGil and which are supportgd by the AMC Trust. but sometimes receive additional èxtemal financial support: Animal Faading Stuffs EWG The work of this EWG was rè-assessed and it is being maintained in a 'semi41orrnanf' slate. This is unfortunate gwen the amount of work that is currently on-going in the CEN Technical Committee, some of which is supported by Ihe EU Commission. This will become increasingly important as the UK loses its input irrto the EU Commission post Brexil. Essentlal Olls EWG The aims of the EWG are the elaboration antl validation of analytical methods to dBlem)in8 the quality and authenticity of traded essential oils. 11 acts as the BSI MiTfoT Gmup for Essential Oils and has assessed and ommenled on a number of ISO Stsndards. Members of this EWG have been very active and have undertaken a number offingor-printing exercises forspeufic essential oils. This is particularty important given howthe REACH Regu18tlons wlll affect the work of the sector. Food and Fe•d Authenticity EWG (previously the Nitmgen Factors Sublommittee) Because of aotivrtl8s in the GEN Sector, wth th8 creatlon of 8 new Technical Commlttèe ICEN TC 4601 deallng with food and feed aulhentiaty. the EWG has been re-shaped such that there is a parent Group with various topic area Groups being devised. Typically these will mirror thB nitrogen factors work which reflects the origin of this EWG. The UK is putting in a fair amount of effort into the CEN activities in this area and will take the convenorship of some of the TC 460 Working Groups. The new Chair, Dr Michael Walker, has been very active cKJ4)rdinoting Ihe Vrk in Ihe area and for which Ihe UK Is playlng a prominent parL Herltage Sclence EWG This EWG aims to prornote the role and importance of anatylical science in the heritage Scien sector. 11 appointed a new Chair in 2018 and she has been particularly active in showing how specific analytical techniques are used within the sector. She was awarded the AMT'S 2019 L S Theobald Lectureship. Instrumental Analyjls EWG The EWG alms to consl¢Jer and give recommendatlons on features of speclflc analytlcal Instsumenls and to provide a forum for dlscusslon of all 8speGls of mass sp8Ctromety pertlnent lo obtslnSng reli8ble data with the aim5 of promoting best practice in the applicatim of mass spectromety. It has been very actlve 8nd effective undeT the Chairmanship of MikB Sargent, LGC. It is devekJpSng a number of relevant Technlcal Brtets whlch wlll be pubfished Immlnently. 41PJgc
THE ANALYficAL METHODS TRUST COMMITTEE REPORT Sampllng Uncertaintylsampling Quallty EWG The aim 1$ to consider the effect of sampling uncertainty, and procedure$ for its elgboration, and to moke recommendations a5 to best practice in aspects of sampling. Ils work has been conSided by the Codex Aimentarius Commission and has comment8d on papers drafted within Codex. It has the opportunity to prepare and submit papers to the Codex Committee on Methods of Analysls and Sampling. 11 has now held joint meetings wtth the equivalent Worklng Group of Eurachem and will publish joint documents (AJAC Technical Briets and Eurachem Leaflets1- The Statlsllcal Methods EWG ststislics, as the COnpIUaI language of callbrat5on and 8118spects of data quality, plays an axlal role in analytlcal science. The Ch81r. Professor Jim Miller, has progressed a significant nsjmber of Technical Brlets through the system. The EWG is considering how to make avallable the sothv8re packages in the readity accessible Excel rather than In more complex statistic81 programmes suth as R. This wlll require CL)mmlssloning of projectWOTk by 3 sofvare development company. One long4tanding member and the EWG origlnator, Professor Mike Thompson, has retired from the EWG. L S Theobald Lectureship The 2022 award wa5 made to Professor Phlllp Potts Iretlred from the Open Unlversltyl. HIS lecture wlll be given at the 2023 RSC Analyb'cal ReSeah Forum. The 8ppllcation process was amended during 2022. FUTURE PLANS - Effect of Covld-19 Pandemlc Athough the effects of the Covid-19 pandemlc are much reduced, most meelngs were held virtually over Zoom. This does have signiflcant advantages enabling parbapation parUcularty frorn non-UK based memb8rs. PUBLIC BENEF The work of the Analyucal Methods Committee is of particular importance given that il directly enables anatytical data to be produced which is both accurate and reliable. This is particularly important not onEy to the honest manufaGlurer but also lo enforcement bodies and uttimalety the consumer. It Is operated on a cross*)aty basis. i.e. the scients'fic merits of partScular problems are addressed without undue inftuence from industy. enforcemenL govemment or referee analyst perspeclives. However. there will be attempts to review the long-temi AMC strategy given the Ilkety fundlng arrangemenis and indeed the possible loss of future collaboration wth European Golleagues post Brexit. It is important that It malntains and indeed increases th8 inputs that it makes to any EU focused organisalion. PERSONNEL The new editor of the Technical Briefs. Judf(h Egan-ShLtttl8r, has settlad into the work well. she belng partlcularly kno¥edgeable about the procedures of the RSC. 51Pagc
THE ANALYficAL METHODS TRUST COMMfrTEE REPORT ACKNOWLEDGEMENTS I would like to fomially thank all outsid8 organisations for their support-in4(ind. This report would not be complete without an expression of thanks lo those persons in academia, industy and the public seTvice who have gwen their tirne and expertise lo the AMC. Without their asslstance l¢ttle would bè achieved. Approved by the Iruslees on .1. o ..0& .4)La.and signed on their b8half by.. JN Miller Chairman 61Pugc
THE ANALYficAL METHODS TRUST COMMrrTEE REPORT Appondlx: Analytlcal M•th¢xls Commltiee Ternis of R•feronce The Anatytical Methods Committee IAMCI is a Committee of the RSC AnalytTcal Division Counul. The broad airn of the AMC is to aclively contiibute to the national and international efforts to establish a comprehensive framewoTk for quality in analytical measurement, lo improve and develop analykn'cal methodology and to keep the wider analytical science community informed of developments. The Committ8e operates through Expart Worklng Groups dealing wlth specific topic areas. It is responsible for the general supeNision and monitoring of such Expert Working Groups. However, it will also operate directly as and when the need is demonstrated. Terms of Reference Tot8ke a leading role in identlfying and promulgating best practice in anatyucal suence; includlng aspects r&18ting lo sampling, anatysis. StStIcal methods, equipment, inslrtsmènlation and materi8Fs. To approve and recommend Ihe publication of va5idated methods. To Provide independent and impartial adwce to 81akeholders such as regulatory and harnionisation bodies. To generate validated compositlonal dats of nalural prJucts for Interpretstive and enforcement purposes. To issue guldance such 85 Reports, Technlcal Brlefs, Recommendan5, Background Papers and soflware on topic areas of interest to Promote the educatfon and training of analytical scientists. To appoint and disband Expert Working Groups as requlred Vth the approval of AD Coundl and the Analytical Methods Trust, which fvnds their activity. To Ilalse wllh other natlonal and iTrtematlonal bodies In the fleld of standardisatlon. To nominate expert members to relevant regu1810ry and standards bodles on behaw of the RSC (See Note below). To receive and act on reports from repre8entatyves on other committees where relevantto the work ofthe AMC. To prowde technlcal adce to UKAS on anawtcal quallty issues. Note: Expert8 nomlnated by the AMC 8hall act In Ihelr capaclty as Individual tethnical experts and do not necessarity represent the views of the RSC unless additionally aulhorised to do so by RSC CounThl. 71pat
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANALYficAL METHODS TRUST I report to the trustees on my examination of the financial slalements of The Analytical Methods Trust forthe year ended 31 Dember 2022. which are set out on pages 9 to 15. Responslbllltles and ba61s of report As the trust$ of thg tharity you are responsible for the preparation ol the financial statements in aOrdanCe with the requirements of the Charities Act 2011 {'the 2011 Act'l. I report In respect of my examlnation of the thaty,$ finandel slatements Garrted out under seGtlon 145 of the 2011 Act and n carylng out my examination I have followed all the appllcable Dlredons given by the Charfty Commlsslon under se¢tton 145151(bl of the 2011 Act. An independent exarnination does not involve gathering all the evidence that would be required in an audit and Consequent does not Ver all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examirbation can Provide. Consequently, l express no opinion as to whether the financial statements present a rue 8nd falr view. an(1 my rewrt is limlted to those specific matters sel out In the Independent examintsrfs 8tatemenL Independent examlnerfs statement I have completed my ex8mlnalion. I confirm that no matgrial matters have come to my attention in connedon with the examination giving me reasonable cause to belleve that in any material respect.. accounting record5 were not kept in respect of the charity as required by section 130 of the 2011 Actr. or 2. Ihe financial statements do not accord with those records.. or 3. the financial statements do not comply wlth the applicable requirements wncemlng the fom and content of financlal statements set out in the Charities (Accounts and Reports) Regulations 20D8 other than any requirement that the financlal statements give a 'lrue and falr vlew. whiGh is not a matter consldered as part of an independent examination. I have no concems and have come across no other matters in connection with the examinatron to which attention should be drawn In thls report In orderto enable a proper understanding of the financial statements to be reached. N8me.- Nicholes Sladden Name of 8ppli(3ble listed body- The Instllute of Chartered Accountsnls In England and Wales Relevant professional quallficatlon or membership of professional body: FCA DChA BFP On behalfof RSM UK TAX AND ACCOUNTING LIMITED Chartered Accountants 25 Farringdon Street London EC4A 4AB 07/09/23 81Page
THE ANALYficAL METHODS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Reslrfcted Unrestrlcted Deslgnated Funds Funds Funds Notes 2022 2021 In¢omg from: Investments Charitable activities 29,979 29,979 24,630 2,075 Total 29,979 29,979 26.705 Expendltur• on: Charitsble activities (6,475) 1731) 7,206) 16,540) Net {Ioss8sllgains on Investments (70,6201 170,620) 76,034 Net Ideficltifincome and net movement In funds 147,116) 1731) 147,847) 96,199 Reconclllatlon of funds: Totsl funds brought IoTward at 1 January 10.856 1.068,004 1.207 1,080,067 983,868 Total funds c8rried foThvard at 31 D8C8mber 10,856 1,020,888 476 1,032,220 1,080,067 91Pagc
THE ANALYficAL METHODS TRUST BALANCE SHEET AS AT 31 DECEMBER 2022 Registered charlty number: 1061108 Restrlcted Unrestrlcted Designated Funds Fund$ Funds Notes 2022 2021 Fixed assets Investments 954.665 954,665 1,OfO,227 Currént ass•ts Accrued incomg 4.266 4,266 3,736 Cash at bank 10,856 66.776 476 78,108 70.669 10,856 71,042 476 82.374 74.405 Curront Ilabifities AccNaL8 14.819) 14,8191 14,5651 Net current assets 10,856 66.223 476 77,555 69.840 Net assets 10,856 1,020.888 476 1,032,220 1,080,067 Represented by: Accumulated fund 1,020,888 1,020,888 1,068,004 Lecture fund 476 476 1,207 Restrlcted funds 10.856 10,856 10,856 Total fun 10,856 1.020.888 476 1,032,220 1,080,067 The flnanclal statements on pages 9 to 15 wor8 approved by the trustees and authorfsed for issu8 on signed on its behalf by: JN Mlller Trustee ID Lumley Trustee IOIPagc
THE ANALYficAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 1 Accounllng pollcles The Trust is an unincorporated charity (registered number 1061108}, reglstered In England and Wales with its registered office address being The Royal Society of Chemisty. Burlington House, London W1J OBA. The chariws objectives and aims are disclosed in the Committee Report on page 2. Basls of accounting The financial slalemenls have been prepared under the historical cost oonvention a$ modified forthe inclusion (rf Investmenls at markel value. The financial statements have been prepared in accordance vith the Slatemenl of Recommended Practice.. Accounting and Reporting by Charities preparing their financAal statements in accordance with the FinanrAal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Irelan¢J IFRS 1021. the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The financlal statements are prepared in Sterling. which is the functional currancy of the tharty. Monetsry amounls in these finanaal statements are rounded to the nearest £1. Thefinancial statements have been prepared to give a Mrue and fairf view and have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair. vi8w. This departure has involved following Accounting and Reporting by Charities (second edition October 20191 preparing their financial ststements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) rather than the Accounting and Reporting by Charities= Statement of Recomm8nded Practic8 effective from 1 April 2005 which has since been withdrawn. The Tnjst constitutes a public benefit entity as defined by FRS 102. Going concern The tnJstees have considered whether it is appropriate to prepare the financial statements on the basis that the Trust is a going concem. The charity is reliant on inwme from its investment portfolio stated al £29.979 {2021= £24.6301 in the form of dividends to meet its annual expenditure. Despite starting to recover from the impact of Covid-19 in the prior year, the Trust's investments have been adversely affected this year by the war in Ukraine and the impact Ihis has ha(1 on global markets. During the year the investments had generated net losses of £70,62012021: net gain of £76.034). The trustees believe that the charity has sufficient funds to continue its activities for at least ttvelve months from the dale of signing the financial statements and so the going concern basis of preparation remains appropriate. Investments Investmenls are stated at marketvalue atthe balance sheet date. The Slalemenl of Financial Activities ISOFAI indudes nel gains and losses arising on revaluations and disposals Ihroijghout the year. Unrealised gains and losses represent the movement in market values during the year and are credited or chargad lo the SOFA based on th8 market value at the year end. Ca$h and chsh equivalents Cash and cash equivalents are representefl by cash held al bank. Llabllltles Liabilities are recognised when there is a cKJntractual obfigation to discharge a cost.
THE ANALYficAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Flnanclal Instruments The charity has elected to appty the provislons of Secon 11 'Basic Financial Instruments, of FRS 102 to all of ils financial instnjmenls. Financial instruments are recognised when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial stalemerrts, when there is 8 legally enforceable right lo sel off Ihe recognised amounls and there 18 an intention to settle on a net basis or to realise the as5el and settle the liability sim5Jltaneou81y. All flnanclal Instruments of the charfty are baslc and therefore measured 8t amortised cost. Fund accountlng Unrestricted funds are general funds that are available for use at the trustees, discretion in furtherance of any objectives of the charity. Designated funds are unrestricted funds set aside at the discretion of the trustees for specnlc purposes. Restricted funds are those donated for use in a particular area or for spectfic purposes. the use of which is restricted to that area or pUoSe and the restriction means that the funds can only be used for specific projects or actiwli88. Moni68 received for variaus Expert Working Groups wort( are not regarded as reslricled except that they be used solety for the furtherance of the Trust's aims. The Irustees have set aside a designated lund to support 18ctures. Income All income is accounted for in the period in which the charlty is entitled to receipt. Expenditure Expenditure is induded on an accfuals basis. Expenditure includes attributable VAT which cannot be recovered. Expenses are allocated to the particular activity where the cost relates direclty lo that activity. Govemance costs comprise of costs for the running of the charity itself as an organisation. Where costs cannot be directty attribLrted to 8 particular fijnfl, it is estimated on the basis of the proportion of total Income. Grants payable with perfonnance condltions Where the charity gives a grant with conditions for its payment being a specffic level (rf service. such grants are onty recognised in the SOFA once the recipient of the grant has provided tha specrfied setvice. Judgements and key sources of estimation uncertainty In the application of the Trust's accounting policies, the tnjslees are required lo make judgements. estimates and assumptions 8bout the carrying amoL¢nl of 8ssets and li8biliaes th8t are not readily apparent from other sources. The 8Stimales and associated assumpllons are based on historical experience and other faGtors that are Considered to be rdevant. Actu81 results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Rewsions lo accounting estimates are recconised in the period in which the estimate is revised where the revision affects onty that period, or in the period of the revision and future pefiods where the revision affects both current and ftslure periods. The tnjstees do not consider any of these judgements or estymations to have any significant effect on the financial statements. E2IPagc
THE ANALYficAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Employees The charity had no employees in 202212021.. nono) and no payroll costs were incurred12021.' £Nil). Inveslment Income Unrestrlcted Funds 2022 2021 Interest- fixed Interest securities 29.979 24,630 Charitabl8 activities Income Restrlctsd Funds 2022 2021 Grants received 2,075 Charltable actlvltles expendfturn Total Fund¥ Totsl 2022 Total 2021 Meetlngs and educauon Support cosls INote 61 2.327 4,879 2.147 4,393 7.206 6.540 All of the charitable actimty expenditure in the CLtrrenl year was attributable to unrestricted funds12021'. £1.925 of meeting and education exp8ndilur8 was attribulable lo restricted funds). Support Costs Unrestricted Funds 2022 2021 Honorarium- secretarial servlces Office expense5 Govemance costs (Note 7) 1,800 1,800 13 2,580 3,060 4,879 4,393 Governance cost5 Unr¢strlcted Funds 2022 2021 Fees payable to the independent examiner for.. Acwunts preparation Independent examination 1,860 1.200 1,600 980 3,060 2,580 131Pogc
THE ANALYficAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Investments 2022 2021 Market valve as at 1 January Additions Net investment Ilossygain 1,010.227 15,058 170,620) 921.958 12,235 76,034 Market value at 31 December 954,665 1,010,227 Historlc cost 857.885 842,827 Funds Current year A11 January 2022 Income Expendlture At31 December 2022 1055 on Investments Accumulated fund Deslgnated funds: Lecture fund Restricted funds: Food and Feed Aulhenticlty DEFRA projects 1,068,004 29,979 16,475) 170,620) 1,020,888 1,207 1731) 476 8,781 2.075 8,781 2,075 Total funds 1.080,067 29,979 (7,2061 {70,6201 1,032,220 Prior yoar At1 January 2021 Income Expendfture Net galns on Investrnènts At31 December 2021 Accumulated fund De$ignated funds: Lecture fund R8Stricted funds: Food and Feed Authentlcily DEFRA projects 971,955 24,630 (4,6151 76,034 1,068,004 1,207 1.207 8,781 1,925 8.781 2,075 2,075 11,925) Totsl funds 983,868 26,705 16,540) 76,034 1,080.067 141Pagc
THE ANALYficAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Funds {continu•d) The Accumulated Fund represents the free funds of the Trust. The Designated FL(nd Is a fund set up to malntain the Theobald Lectures. Restricted Fund$: Food and Feed Authenliuty represents grants given for work on nitrogen factors and also for work more generally on food and feed au1henuc that may be undertaken by the Food and Feed expert Working Group. Durfng the prfor year, one project. which c(Mimenced in 2019 8nd was funded by DEFRA, was completed. A total of £11,000 was received for the preparation of'Guidance for the Organisation of a Nitrogen Factor Slu(Jy'. The balance of £2.075 is being carr¢ed fOarlI lo cover fitture costs of the study and aLrthenlicity Work. 10 Related party transaclions and tru5tees' expenses and remuneratlon The charity considers its Board of TTUStee5 to be ils key management personnel. An Honorarium of £1,80012021.' £1.800) was due lo Dr R Wood, a trustee, for providing secretarial se1¢eS. Th6 Irustses have previously agreed Dr R Wood would receive £200 per meeting attended. No trustee was paid any remunaralion during th8 current or previous year. During the year, 612021.. 21 trustees received reimbursement for travel expenses and printing, postage and ststionery expenses amounting to £68712021.. £171. 11 Taxallon The Analytical Methods Trust is a registered charity and, as such, its income and gaSns falling within Sections 47110 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives. 151Pagc