Charity Registration Number 1061108
THE ANALYTICAL METHODS TRUST UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
THE ANALYTICAL METHODS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
JN Miller (Chairman) CS Creaser G Greenway AJ Handley ID Lumley D Stevenson F Sweeting R Wood
Honorary secretary tothe trustees
Principal office
ID Lumley
The Royal Society of Chemistry Burlington House London W1J OBA
Independent examiner
Nicholas Sladden FCA DChA BFP RSM UK Tax and Accounting Limited 25 Farringdon Street London EC4A 4AB
Registered charity number
1061108
THE ANALYTICAL METHODS TRUST
COMMITTEE REPORT
The trustees present their report, along with the financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
Structure, governance and management
The Analytical Methods Trust (the Trust) is a registered charity under the name of The Society for Analytical Chemisiry Analytical Methods Trust Fund (Charity Number 1061108) and is constituted by a Trust Deed dated 1 February 1956. The aim of the Charity is to extend the knowledge and study of analytical chemistry, together with the development and validation of new and improved methods of analysis.
The trustees may invest in anything permitted by law but are restricted to investments in companies with paid up capital of £500,000 or over. The Trust administers the day-to-day finances of the specialist Expert Working Groups of the Analytical Methods Committee.
The trustees, who have served during the year and since the year end are set out below and are all associated with the Analytical Science Community (ASC) of the Royal Society of Chemistry (RSC); they meet in formal committee at least once per year. Day-to-day financial business is conducted by correspondence involving mainly the Chairman and Honorary Secretary to the trustees. New trustees are chosen by existing trustees. Trustees are expected to have demonstrated an interest.in and to have long-term knowledge of the activities of the Analytical Methods Committee and its Sub-Committees. Most are likely to have extensive knowledge of analytical chemistry and of all matters relating to the analysis, nature and composition of natural and manufactured materials. Four out of the eight current trustees have been elected President of the Analytical Science Community of the Royal Society of Chemistry. The Trust considers all the above trustees to be their key management personnel.
The trustees who served from 1 January 2023 to the date of signing of the financial statements were:
JN Miller
F Sweeting D Stevenson AJ Handley CS Creaser G Greenway R Wood 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 analytical chemists.
Risk management
Trustees review the commitments expected to be made on the unrestricted funds annually, to assure themselves that demands normally fall within income. Trustees only accept funds for restricted work when an agreement to cover full costs has been received in advance. Financial procedures are in place to monitor expenditure on individual programmes, and these are reviewed periodically to ensure that they meet the current requirements of the Trust.
Grant making policy
Outline programmes for the specialist Expert Working Groups (EWGs) are approved by the Analytical Methods Committee (AMC) of the Analytical Science Community, which receives regular reports on progress made. In addition, the Expert Working Groups publish their work in the scientific literature or on the website so permitting scrutiny by the analytical community. The AMC Chairman makes an annual report, including any recommendations for action or change resulting from AMC discussions to the trustees at the formal meeting. Decisions on granting financial support or partial support for lectureships, fellowships, studentships and other educational research are made only after consideration by the trustees and again regular progress reports are required. Work by the specialist Expert Working Groups is not authorised unless supporting finances from donations or investment income is guaranteed.
2|Pazge
THE ANALYTICAL METHODS TRUST COMMITTEE REPORT
Investment policy
The Trust has a capital investment currently with a market value of £1,052,361 (2022: £954,665) generating income of about £30,000 per annum. The Trust invests in an Allianz portfolio Fixed Interest Fund — part of Allianz Global Investors, who manage the fund within a low risk policy of modest growth and reasonable income, and with the BlackRock Charishare Common Investment Fund.
The Trust's investments, which had been adversely affected following outbreak of the war in Ukraine in February 2022, began to recover due to the calming of the economic climate. The investments at the year end had generated a net gain of £51,742 (2022: net loss £70,620).
Reserves policy
The accumulated capital remaining invested is regarded as a reserve to cover unforeseen eventualities in the administration or funding of work projects. The reserves policy is to retain the capital value of the fund, so far as . this is practical in view of the market variations and, if possible, to use only the income from investments to support unrestricted activities. Method development programmes and educational projects are carefully examined before commencement and regular progress meetings are required. Restricted funds are expected to cover the full costs of restricted activities with the expenses of these programmes carried by specific sponsors and are not expected to impinge on reserves, At 31 December 2023, unrestricted funds amounted to £1 ,097,786 (2022: £1,020,888) of which £Nil is designated (2022: £476) and restricted reserves for the year were £10,856 (2022: £10,856).
ACHIEVEMENTS AND PERFORMANCE
The work of the AMC Expert Working Groups is no longer routinely supported by any outside organisation. As a result, a review system for the EWGs has been implemented. Each will be assessed for need and effectiveness on a three year rolling programme.
The past twelve months have seen reduced activity in the area of AMC publications and initiatives. The website has now become the main vehicle for AMC communication and publication. Of these the most on-going popular activity has been the software that the AMC has produced followed by the various Technical Briefs.
Only one “Technical Briefs” has been added this year but a number are in preparation, particularly from the Sampling Uncertainty and Heritage Science areas.
This is really a consequence of drafting being delayed because of the after-effects of the Covid-19 incident.
The Technical Briefs, when prepared, will be published in the RSC journal Analytical Methods as well as on the AMC Web-site; they are directly downloadable from both sources. They are peer reviewed from within the AMC.
The published Technical Brief is:
Avoiding some common mistakes in straight line regression. Part 1 (Anal. Methods, 2023, 15, 6105)
The following Expert Working Groups are appointed by the AMC/ASC Council and which are supported by the AMC Trust, but sometimes receive additional external financial support:
e Animal Feeding Stuffs EWG
The work of this EWG was re-assessed and it is being maintained in a “semi-dormant” state. This is unfortunate given the amount of work that is currently on-going in the CEN Technical Committee, some of which is supported by the EU Commission. This will become increasingly important as the UK loses its input into the EU Commission post Brexit.
THE ANALYTICAL METHODS TRUST
COMMITTEE REPORT
e Essential Oils EWG
The aims of the EWG are the elaboration and validation of analytical methods to determine the quality and authenticity of traded essential oils. It acts as the BSI Mirror Group for Essential Oils and has assessed and comments on a number of ISO Standards. Members of this EWG have been very active and have undertaken a number of finger-printing exercise for specific essential oils. This is particularly important given how the REACH Regulations will affect the work of the sector. Anew Chair has been identified for the EWG following the retirement of the previous Jong-standing Chair.
e Food and Feed Authenticity EWG (previously the Nitrogen Factors Sub-Committee)
Because of activities in the CEN Sector, with the creation of a new Technical Committee (CEN TC 460) dealing with food and feed authenticity, the EWG has been re-shaped such that there is a parent-Group with various topic area Groups being devised. Typically these will mirror the 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 co-ordinating the work in the area and for which the UK is playing a prominent part.
° Heritage Science EWG
This EWG aims to promote the role and importance of analytical science in the heritage science sector. It appointed a new Chair in 2078 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.
e Instrumental Analysis EWG
The EWG aims to consider and give recommendations on features of specific analytical instruments and to provide a forum for discussion of all aspects of mass spectrometry pertinent to obtaining reliable data with the aims of promoting best practice in the application of mass spectrometry. It has been very active and effective under the Chairmanship of Mike Sargent, LGC.
It is developing a number of relevant Technical Briefs which will be published imminently.
e Sampling Uncertainty/Sampling Quality EWG
The aim is to consider the effect of sampling uncertainty, and procedures for its elaboration, and to make recommendations as to best practice in aspects of sampling. Its work has been considered by the Codex Alimentarius Commission and has commented on papers drafted within Codex. It has the opportunity to prepare and submit papers to the Codex Committee on Methods of Analysis and Sampling.
It has now held joint meetings with the equivalent Working Group of Eurachem and will publish joint documents (AMC Technical Briefs and Eurachem Leaflets).
e The Statistical Methods EWG
Statistics, as the conceptual language of calibration and all aspects of data quality, plays an axial role in analytical science. The Chair, Professor Jim Miller, has progressed a significant number of Technical Briefs through the system. The EWG is considering how to make available the software packages in the readily accessible Excel rather than in more complex statistical programmes such as R. This will require commissioning of project work by a software development company.
One long-standing member and the EWG originator, Professor Mike Thompson, has retired from the EWG.
THE ANALYTICAL METHODS TRUST
COMMITTEE REPORT
L S Theobald Lectureship
The 2022 award was made to Professor Philip Potts (retired from the Open University). His lecture will be given at the 2023 RSC Analytical Research Forum. The application process was amended during 2022.
2 separate awards were made in 2023 but the lectures have not yet been announced or presented.
FUTURE PLANS
Although the effects of the Covid-19 pandemic are much reduced, most meetings were held virtually over Zoom. This does have significant advantages enabling participation particularly from non-UK based members.
PUBLIC BENEFIT
The work of the Analytical Methods Committee is of particular importance given that it directly enables analytical data to be produced which is both accurate and reliable. This is particularly important not only to the honest manufacturer but also to enforcement bodies and ultimately the consumer. It operates on a cross-party basis, i.e. the scientific merits of particular problems are addressed without undue influence from industry, enforcement, government or referee analyst perspectives. However, there will be attempts to review the long-term AMC strategy given the likely funding arrangements and indeed the possible loss of future collaboration with European colleagues post Brexit. It is important that it maintains and indeed increases the inputs that it makes to any EU focused organisation.
PERSONNEL
The previous Chair of the AMC, Dr Derek Stevenson, decided not to seek a renewal of appointment and so was replaced by Dr Christopher Waldron (Warwick University).
The new editor of the Technical Briefs, Judith Egan-Shuittler, has settled into the work well, she being particularly knowledgeable about the procedures of the RSC.
ACKNOWLEDGEMENTS
| would like to formally thank all outside organisations for their support-in-kind.
This report would not be complete without an expression of thanks to those persons in academia, industry and the public service who have given their time and expertise to the AMC.
Without their assistance little would be achieved.
Approved by the trustees on 2x] <2 an signed on their behalf by:
Toma VV rh, Charman
Dr Roger Wood OBE MChemA CChem FRSC Secretary, Analytical Methods Committee
5|Page
THE ANALYTICAL METHODS TRUST
COMMITTEE REPORT
Appendix: Analytical Methods Committee Terms of Reference
The Analytical Methods Committee (AMC) is a Committee of the RSC Analytical Science Community. The broad aim of the AMC is to actively contribute to the national and international efforts to establish a comprehensive framework for quality in analytical measurement, to improve and develop analytical methodology and to keep the wider analytical science community informed of developments.
The Committee operates through Expert Working Groups dealing with specific topic areas. It is responsible for the general supervision and monitoring of such Expert Working Groups. However, it will also operate directly as and when the need is demonstrated.
Terms of Reference
-
e To take a leading role in identifying and promulgating best practice in analytical science; including aspects relating to sampling, analysis, statistical methods, equipment, instrumentation and materials.
-
« To approve and recommend the publication of validated methods.
-
® To provide independent and impartial advice to stakeholders such as regulatory and harmonisation bodies.
-
e To generate validated compositional data of natural products for interpretative and enforcement purposes,
-
s To jissue guidance such as Reports, Technical Briefs, Recommendations, Background Papers and software on topic areas of interest to promote the education and training of analytical scientists.
-
e To appoint and disband Expert Working Groups as required with the approval of AD Council and the Analytical Methods Trust, which funds their activity.
-
e Toliaise with other national and international bodies in the field of standardisation.
-
e To nominate expert members to relevant regulatory and standards bodies on behalf of the RSC (See Note below).
-
e Toreceive and act on reports from representatives on other committees where relevant to the work of the AMC.
-
e To provide technical advice to UKAS on analytical quality issues.
Note: Experts nominated by the AMC shall act in their capacity as individual technical experts and do not necessarily represent the views of the RSC unless additionally authorised to do so by RSC Council.
09/09/24 Date... cccececeeeeeeneeeas
THE ANALYTICAL METHODS TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Restricted | Unrestricted | Designated | |||||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | |||
| Income from: | |||||||
| Investments | 3 | - | 33,042 | - | 33,042 | 29,979 | |
| Total | - | 33,042 | - | 33,042 | 29,979 | ||
| Expenditure on: | |||||||
| Charitable activities | 4 | - | (7,304) | (1,058) | (8,362) | —- | (7,206) |
| Netgains/(losses) on investments |
7 | . | 54.742 ; |
. | 54.742 , |
(70,620) ; |
|
| Net income/(deficit) | |||||||
| and net movement in | |||||||
| funds | - | 77,480 | (1,058) | 76,422 | (47,847) | ||
| Transfer between funds |
(582) | 582 | - | - | |||
| Reconciliation of | |||||||
| funds: | |||||||
| Total funds brought forward at 1 January |
10,856 | 1,020,888 | 476 | 1,032,220 | 1,080,067 | ||
| Total funds. carried forwardat31December |
8 | 10,856 | 1,097,786 | - | 1,108,642 | 1,032,220 |
THE ANALYTICAL METHODS TRUST
BALANCE SHEET AS AT 31 DECEMBER 2023
Registered charity number: 1061108
| Restricted | Unrestricted | Designated | ||||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Investments | 7 | - | 1,052,361 | - | 1,052,361 | 954,665 |
| Current assets | ||||||
| Accrued income | - | 4,893 | - | 4,893 | 4,266 | |
| Cash atbank | 10,856 | 46,583 | - | 57,439 | 78,108 | |
| 10,856 | 51,476 | - | 62,332 | 82,374 | ||
| Current liabilities | ||||||
| Accruals | . | (6,051) | . | (6,051) | (4,819) | |
| Net currentassets | 10,856 | 45,425 | - | 56,281 | 77,555 | |
| Net assets | 10,856 | 1,097,786 | - | 1,108,642 | 1,032,220 | |
| Represented by: | ||||||
| Accumulated fund | 8 | - | 1,097,786 | - | 1,097,786 | 1,020,888 |
| Lecture fund | 8 | - | - | - | - | 476 |
| Restricted funds | 8 | 10,856 | - | - | 10,856 | 10,856 |
| Totalfunds | 10,856 | 1,097,786 | - | 1,108,642 | 1,032,220 |
----- Start of picture text -----
25.The Jagfinancial}20 24statements and signedon onpagesits behalf8 to by:14 were approved by the trustees and authorised for issue on
JN Miller (/@yn
Trustee 5 A. Piadtes ID Lumley \, \ E
—— Trustee , as
----- End of picture text -----
9|Page
THE ANALYTICAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 Accounting policies
The Trust is an unincorporated charity (registered number 1061108), registered in England and Wales with its registered office address being The Royal Society of Chemistry, Burlington House, London W1J OBA.
The charity's objectives and aims are disclosed in the Committee Report on page 2.
Basis of accounting
The financial statements have been prepared under the historical cost conveniion as modified for the inclusion of investments at market value.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The financial statements are prepared in Sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view. This departure has involved following Accounting and Reporting by Charities (second edition — October 2019) preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Trust constitutes a public benefit entity as defined by FRS 102.
Going concern
The trustees have considered whether it is appropriate to prepare the financial statements on the basis. that the Trust is a going concern.
The Charity is reliant on income from its investment portfolio stated at £33,042 (2022: £29,979) in the form of dividends to meet its annual expenditure. The Trust's investments, which had been adversely affected following outbreak of the war in Ukraine in February 2022, began to recover due to the calming of the economic climate. During the year the investments had generated net gains of £51,742 (2022: net loss of £70,620).
The trustees believe that the Charity has sufficient funds to continue its activities for at least twelve months from the date of signing the financial statements and so the going concern basis of preparation remains appropriate.
Investments
Investments are stated at market value at the balance sheet date. The Statement of Financial Activities (SOFA) includes net gains and losses arising on revaluations and disposals throughout the year.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the SOFA based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents are represented by cash held at bank.
Liabilities
Liabilities are recognised when there is a contractual obligation to discharge a cost.
THE ANALYTICAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Financial Instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. Financial instruments are recognised when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statemenis, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
All financial instruments of the Charity are basic and therefore measured at amortised cost.
Fund accounting
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 specific purposes.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities.
Monies received for various Expert Working Groups work are not regarded as restricted except that they be used solely for the furtherance of the Trust’s aims. The trustees will set aside a designated fund to support lectures as they see appropriate.
income
All income is
accounted for in the period in which the Charity is entitled to receipt.
Expenditure Expenditure is included on an accruals basis. Expenditure includes attributable VAT which cannot be recovered,
Expenses are allocated to the particular activity where the cost relates directly to that activity.
Governance costs comprise of costs for the running of the Charity itself as an organisation.
Where costs cannot be directly attributed to a particular fund, it is estimated on the basis of the proportion of total income.
Grants payable with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service.
Judgements and key sources of estimation uncertainty
In the application of the Trust's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The trustees do not consider any of these judgemenis or estimations to have any significant effect on the financial statements.
THE ANALYTICAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2 Employees
:
The Charity had no employees in 2023 (2022: none) and no payroll costs were incurred (2022: £Nil).
| 3 | Investment income | Unrestricted | Unrestricted | Funds |
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Interest—fixed interest securities | 33,042 | 29,979 | ||
| 4 | Charitable activities expenditure | Total | Funds | |
| Total | Total | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Meetings and education | 2,311 | 2,327 | ||
| Support costs (Note 5) | 6,051 | 4,879 | ||
| 8,362 | 7,206 |
All of the charitable activity expenditure in the current and prior year was attributable to unrestricted funds. 5 Support costs Unrestricted Funds
| 5 | Support costs | Unrestricted | Funds |
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Honorarium — secretarial services | 1,200 | 4,800 | |
| Office expenses | 51 | 19 | |
| Governance costs (Note 6) | 4,800 | 3,060 | |
| 6,051 | 4,879 | ||
| 6 | Governance costs | Unrestricted | Funds |
| 2023 | 2022 | ||
| £ | £ | ||
| Fees payable to the independent examinerfor: | |||
| Accounts preparation | 2,640 | 1,860 | |
| independent examination | 2,160 | 1,200 | |
| 4,800 | 3,060 |
co
on bce cs ee win
wei s winnie ewigsuas qeebaavai a “9 /Paue
THE ANALYTICAL METHODS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|7|Investments|2023|2022|
|£|£|
|Market|value|as|at|1|January|954,665|1,010,227|
|Additions|45,954|15,058|
|Net|investment|gain/(loss)|51,742|(70,620)|
|Market|value|at|31|December|1,052,361|954,665|
|Historic|cost|903,837|857,885|
|8|Funds|
|Current year|At|1|income|Expenditure|Net|Transfers|At|31|
|January|gain|on|December|
|2023|investments|2023|
|£|£|£|£|£|£|
|Designated|
|funds:|
|Lecture|fund|476|-|(1,058)|-|582|-|
|Restricted|funds:|
|Food|and|Feed|
|Authenticity|8,781|-|-|-|.|8,781|
|DEFRA|projects|2,075|-|-|-|-|2,075|
|Total|funds|4,032,220|33,042|(8,362)|51,742|-|1,108,642|
|Prior year|Ati|Income|Expenditure|Net|Transfers|At 31|
|January|loss|on|December|
|2022|investments|2022|
|£|£|£|bs|£|£|
|fundAccumulated|4,068,0041|1|29,979?|(6,475F)|)|(70,6206|)|™|4,02’|0,888|
|Designated|
|funds:|
|Lecture|fund|1,207|-|(731)|-|-|476|
|Restricted|funds:|
|Food|and|Feed|
|Authenticity|8,781|-|-|-|.|8,781|
|DEFRA|projects|2,075|-|-|-|-|2,075|
|Total funds|1,080,067|29,979|(7,206)|(70,620)|-|1,032,220|
----- End of picture text -----
THE ANALYTICAL METHODS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
8 Funds (continued)
The Accumulated Fund represents the free funds of the Trust.
The Designated Fund is a fund set up to maintain the Theobald Lectures.
Restricted Funds:
Food and Feed Authenticity represents grants given for work on nitrogen factors and also for work more génerally on food and feed authenticity that may be undertaken by the Food and Feed expert Working Group.
During the year ended 31 December 2021, one project, which commenced in 2019 and 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 Study’. The balance of £2,075 is being carried forward to cover future costs of the study and authenticity work.
9 Related party transactions and trustees’ expenses and remuneration
The charity considers its Board of Trustees to be its key management personnel.
An Honorarium of £1,200 (2022: £1,800) was due to Dr R Wood, a trustee, for providing secretarial services. The trustees have previously agreed Dr R Wood would receive £200 per meeting attended.
No trustee was paid any remuneration during the current or previous year.
During the year, 7 (2022: 6) trustees received reimbursement for travel expenses and printing, postage and stationery expenses amounting to £700 (2022: £687).
10 Taxation
The Analytical Methods Trust is a registered charity and, as such, its income and gains falling within Sections 471 to 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives.