Charlty number: 1061108
The Analytical Methods Trust
Unaudited
Trustees, report and financial statements
For the year ended 31 December 2024

The Analytical Methods Trust
Contents
Page
Reference and admlnlstratlve detslls of the Charlty, Its Trustees and advlsers
Trustees. report
Independent examinorfs report
Statement of flnanclal actlvltles
10
Balanco shoot
Not88 to the flnanclal ststements
12-19

The Analytlcal Methods Trust
Reference and admlnlstrative detalls of the Charfty, Its Trustees and advlsers
For tho year ended 31 December 2024
Trustees
JN Miller. Chairman
CS Creaser
G Greenway
AJ Handley
ID Lumley
D St8venson
F Sweeting
Dr Wood
Charlty reglstered number
1061108
Prlnclpal offlce
The Royal Society of Chemistry
8urlington House
London
W1J OBA
Honorary s•¢retsry to the Trustee8
ID Lumley
Accountants
Kr8Ston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT12TU
Indopendent Examlner
Samantha Rouse FCCA DChA
Kreston Reeves LLP
37 St Margaret's Slreet
Canterbury
Kent
CT12TU
Page 1

The Analytical Methods Trust
Trustees. report
For the year endod 31 Dacembor 2024
The Trustees present their report. along wlth the financial statements of the charity for the year ended 31
December 2024. The financial statements have been prepared in accordan￿ 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 tha United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
Objectlvos and actlvltles
a. Pollcles and objectlves
To promote and encourage the acquisition and dissemination of knowledge in regard to methods of chemlcal
analysis and the education of persons as ana1￿ical chemists.
In setting objectlves and plannlng for activitles, the Trustees have given due conslderatlon to general guidance
publlshed by the Charlty Commisslon relating to publlc ben8fft, Includlng the guldance 'Publlc beneflt: runnlng a
charlty (PB2)'.
b. Rlsk management
Trustees revlew the commitments exp8cted to be made on the unrestricted funds annually, to assura
themselves that demands nomially fall withln Income. Trustees only accept funds for r8Stricted work wh8n an
agreement to cover full costs has been recelved in advance. Flnancial procedures are in place to monitor
expenditure on Indivldual programmes. and thesa are review8d perlodically to ensure that th8y meet the current
requlrements of the Trust.
Secr•tary Contact Statemgnt
Dr Wood, an AMT Trustee, has b88n paid an honor8rium of £200 per meetlng for providing secretarfal servlces
to the AMC and its Expert Working Groups (EWGS) to a maximum of £2,000 per annum. This arrangement was
established after communications with The Charity Commission.
At the 2023 meeting of Trustees Dr Wood said that he wished to relinquish the role of Secretary after over a
decade of service. Trustees agreed that the new Secretsry would be paid an honorarium of £400 per meeting
that they organised. up to a maximum of £5.000 p8r year. The n8w Secretary appointed, after advert, is Prof
John Dean. he is not an AMT Trust88. The contract for his appointm8nt was prepared by Royal Society of
Chemistry (RSC) lawy8rs. wlth detsiled Input from the RSC and AMT Trustees. Prof Dean commenced his
S8cr8tari81 duties in the last quart8r of 2024.
Early indications are that the £5,000 p8r annum S8cretarial budget could prove to be insufficient. This is because
of an increas8d number of EWG m88tings following the end of the depressing 8ffacts of Covid, the ease and
efficiency with which Zoom based meetings can be organised and the re-commencement of main Analyiica5
Methods Committee (AMC) me6tlngs. In addition, It Is hoped that the new Sustsinability EWG will meet
frequently during its embryonic months. Trustees have consldered this Issue. wish to encourage Increased
output from the AMC and its EWGS, and have agreed in principle, to increase the Secretarial budget as
necessary.
Page 2

The Analytical Methods Trust
Trustee8' report (contlnued)
For tho yoar ended 31 Decombor 2024
Objectlves and actlvltles (contlnued)
. Grant making policy
Outline programmes for the specialist Expert Working Groups (EWGS) are approved by the Analytical Methods
Committee IAMC) of the AnalWical Science Community. which receives regular reports on progress made. In
addition, the Expert Working Groups publish their work in the SGientifiG literature or on the website so permitting
scrutiny by the analytical community. Th8 AMC Chairman makes an annual report. including any
recommendations for action or change resulting from AMC discussions to the trustees at the formal me&ting.
Decislons on grantlng flnanclal support or partlal support for lectureshlps. fellowshlps. studentships and other
educatlonal research are made only after consideratlon by the trustees and agaln regular progress reports are
required. Work by the sp8cialist Expert Working Groups is not authorised unless supporting finantss from
donations or investment Income Is guaranteed.
d. Investment pollcy
Th8 Trust has a capital investment currently with a mark8t valu8 of £1,096,287 (2023.. £1,052,361) g8n6fdting
income of aboul £30,000 per annum. The Trust invests in an Allianz portfolio Fixed Interest Fund
part of
Alllanz Global Investors, who manage the fund within a low dsk pollcy of modest growth and reasonable Income,
and wlth Ihe 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 economlc cllmate. The Investments at the year end had generated a net galn of £16,952 (2023..
£51,472).
Achlevement8 and perfomiance
Tha work of the AMC Export Working Groups is no longer routinely supported by any outside organisatlon. A8 a
result. a review system for the EWGS has been Impl8mented. Each will be assessed for need and effectlveness
on a three-year rolling programme.
The past tW81v8 months have seen a modicum in activity in AMC publications and initiatives. The website
(Analytical M8thods Committee) has now become the main vehicle for AMC communication and publications,
The Technical Briefs, after AMC peer review, are now all published in the Royal Society of Chemistry Journal
Analytical Methods, as well as more specialist publications by one of the Expert Working Groups in Perfumer &
Flavorist (Allured Business Media).
Two Technical Briefs were published in 2024..
AMCTB114 Improved estimates of 8xpanded measurem8nt uncertainty, Anal. Methods, 2024, 16, 5482-5485.
https:Ildoi.org110.10391D4AY90083A
AMCTB115 Tensile m8chanical analysi8 in cultural heritage, Anal. Methods, 2024. 16, 6064-6067,
https:Ildoi.org110.10391D4AY90097A
Th8 following Expert Working Groups are appointed by the AMC l Ana1￿ical Science Community Council and
which are supported by the AMC Trust. but sometimes r8ceive additional extemal financial support..
Animal Feedlng Stufts
The work of this Group has had no strategic lead. It is likely that this Group will cease to operate from
2025.
Envlronment
This informal Group meets virtually on an ad-hoc basis and is led by Richard Brown. Its remit
encompasses techniques relating to measurement in the environment.
Page 3

The Analytical Methods Trust
Trustees. report (continued)
For the year ended 31 Decombor 2024
Achlevements and performance (continued)
Ess8ntlal Olls
The aims of this Group are the elaboration and validation of analytical methods to determine the quality
and authenticity of traded essential oils. A new chair has been identified (Neil Owen) and h8 took up
post in November 2024. Members of this EWG have previously bean very active and have undertaken
several finger-printin9 8X8rcises for 5peGific essential oils. This Group is supported by the (new)
Secretary. The Group has 10 members and 1 corresponding memb9r.
Food and Feed Authentlclty
The Chair, Michael Walker, has been very active Co￿rdInatIng the work in the area and for which the UK
is playing a prominent part. The BSI AW134146 is a mirror group of CENrrc 460 'Food authenticity, of
which the Food and Feed Authentlcty EWG has a symbiotic relationship. There is excellent UK
participation In CENrrc460 which hosts eight working groups. A great deal of the work of the worklng
groups has come to fruition In 7 publlshed standards in 2024,
Herltage SGlenc•
This Group aims to promote the role and importance of ana1￿ical science in the herltage science sector.
The Group, led by Lucia Burgio, is actlvely pursuing a wide range of Technical Briets that are in various
stages of development (as well as one publication in 2024). This Group is supported by the (new)
se¢￿tary. The Group has 11 members.
In8trumontal Analy819
The Group aims to conslder and give recommendations on features of speclflc an81￿[Cal instruments
and to provide a forum for discussion of all aspects of mass spectrometry pertinent to obtsining rellable
data with the aims of promoting best practlce in the application of mass spectrometry. At this stag8 this
Group is dormant, after the resignation of the previous long-stsnding chalr. [A new chair was appointed
In early 2025. Steve Hill.] Thls Group 18 SUPPOrted by the (new) Secret8ry. The Group has 9 members.
Statlstlcal Methods
Statistics, as the conceptual language of callbration and all aspects of data quality. plays an axial role In
analytical sclence. The Group, led by JIM Miller, has identified a wide ranging series of toplcs for
generation of Technlcal Brlets that are In different stages of development. This Group is supported by
th8 (newl Secretary. Th& Group has 10 members and 3 corresponding m6mbers.
8ampllng Unc8rtalntylSampllng Quallty
The alm 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. It holds joint meetings with the equivalent
Working Group of Eurachem and will publish joint documents (AMC Technical Briefs and Eurachem
Leaflets. as well as software). The single chair, Mike Ramsey. hostsjoint virtual meetings. This Group is
supported by the (naw) Secretary. The Group has 7 members and 2 corresponding membars (AMC
EWG) as well as 14 members and 1 corresponding member (Eurachem).
Sustalnabillty
It was proposed by AMC that a new Group be established in 2025 on Sustainability chaired by Vicky
Hilborne (nominee from the Analytical Science Community Council). This Group will be supported by the
(new) Secretary.
Page 4

The Analytlcal Méthods Trust
Trustees, report (contlnued)
For the year ended 31 December 2024
Achlevements and perforniance (contlnued)
L S Theobald Lectureshlp
The dual 2023 award winners David Bullock and Craig Banks have not yet had an opportunity to deliver their
lectures. Note.. David Bullock will present his lecture on °Proficiency testing and the effects of analyiical
methods" along with two other speakers on related topics after the AMC meetings on the 18 S8Ptember 2025.
No arrangem8nts are available for Banks du8 to his sabbatical taking place in 2024-25.
Announcements for appllcants for the 2025 LS Theobald Lectureship have been made with a dosing date of 1
August 2025.
FUTURE PLANS
In 2024 the AMC met once again in-person (October 2024) while the Expert Working Groups are establishing
new ways of working, often hybrid, but with some meetings once again taking place at Burlington House. As the
hybrld option for meetings Is now always available, allowlng In-person attendance or via Zoom, this allows
participation for all.
PUBLIC BENEFIT
The work of the Analytical Methods Committee. and its Expert Working Groups. is of particular importance given
that it directly enables analWical 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, l.e. the scientific merits of particular problems are addressed without undue
influence from industry, enforcement, government or referee analyst perspectives.
PERSONNEL
The n8w Chair, Christopher Waldron (Watwick Unlversity), was appointed by An81￿ICal Scienc6 Community
Council in summer 2024. In addition. a new secretary, John Dean, was appointed in September 2024.
ACKNOWLEDGEMENTS
I would like to formally thank all outside organisations for their support-in-klnd.
Thls report would not be complete without an expression of thanks to thos8 persons In academia, industry and
the publlc servlce who have given thelr tlme and expertise to the AMC and its Exp8rt Working Groups. Wlthout
their assistance little would be achieved.
Emeritus Professor John R. Dean
DSC, PhD, DIC, MSC, BSC, Cchem, FRSC, Cert Ed, PFHEA
Secretary, Analytical Methods Committee
Flnanclal revlew
a. Going Concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
Page 5

The Analytlcal Methods Trust
Trustees, r8POrt (contlnued)
For the year ended 31 December 2024
b. Reservos pollcy
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 retsin *h8 capital value of the fund, so far as
this is prartical 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 comm8ncem8nt and regular progres5 meetings are required. Restricted funds ar8 expected to
cover th8 full costs of restricted activities with the exp8nsos of these programm8s carried by specific sponsors
and are not expect8d to impinge on reserves.
At 31 December 2024, unrestricted funds amounted to £1,144,790 (2023.. £1,097,786) and restricted reserves
for the year wera £10.856 {2023: £10,856).
structure, governanc• and management
The Ana1￿1¢al Methods Trust (the Trust) Is 8 r8gistsred charity under the name of Th8 Society for Analytlcal
Chemistry Ana1￿1¢al Methods Trust Fund (Charity Number 1061108) and is constituted by a Trust Deed dated 1
F8bruary 1956. The aim of th8 Charity is to extend the knowledge and study of anaJ￿ical chemistry, together with
the dev8lopm6nt and validation of new and Improved methods of analysls.
The trustees may invest in anyihing permitted by law but are restrlcted to inv8Stm6nts in companies with paid up
capital of £500,000 or over. The Trust admlnlsters the day-to-day flnances 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 Analytlcal Science Communlty (ASC) of the Royal Society of Chemistry (RSC); they meet in fomial
committee at least once p8r year. Day-to4lay financlal business is conducted by correspondence Involving
malnly the Chaimian and Honorary Secretary to the trustees. New trustees are chosen by exlstlng trustees.
Trustees 8re expected to have demonstrated an Interest in and to have long-term knowledge of the activities of
th8 Analytical Methods Committee and its su￿0MmItteeS. Most are Ilkely to have extenslve knowledge of
analytical chemistry and of all m8tt8rs relating to the analysis, nature and composition of natural and
manufactured materials. Four out of the eight current twstees have been elected President of the Analyiica
Science Community of the Royal Society of Chemistry. The Trust conslders all the above trustees to be their key
management personnel.
The trustees who served from 1 January 2024 to the dat8 of signing of the financial statements w8re'.
JN Millar
F Sweeting
D Stevenson
AJ Handley
CS Creaser
G Greenway
R Wood
ID Lumley
Pag8 6

The Analytical Methods Trust
Trustees, report (contlnued)
For the year endod 31 Decembor 2024
Statement of Trustees. responslbllltles
The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with
applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Acc8Pt8d Accounting
Practice).
The law applicable to charlties In England & Wales requlres the Trustees to prepare flnanclal statements for
8ach financial year which give a true and fair view of the state of affairs of the Charity and of its incoming
resources and application of r8sources, including its income and expenditure, for that period. In preparing these
financial ststemenls, the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the m8thods and prlnclples of the Charilies SORP {FRS 102):
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures dlsclosed and explained in the financlal stalements;
prepare the financial slatements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsib18 for keeping adequate accounting records that are sufficient to show and explaln
the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statem8nts comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regu18tions 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
frdud and other irregularlties.
Approved by order of the members of the board of Trustees and slgned on thelr behalf by:
JN Mlller
Chair of Trustees
Date..
26 /col
Page 7

The Analytical Methods Trust
Appendlx: Anatyllcal Methods Commlttee Ternis of Reference
The Analytical Methods Committee (AMC) is a Committee of the RSC Analytical Science Community
Council. The broad aim of the AMC is to actiV8ly 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 operat8 directly as and when the need is demonstrated.
Terms of Reference
To take a leading rol8 in identlfying and promulgating besl practice in analytical science. includlng
8spects relating to sampling, analysis, slatlstlcal methods. equipment. instrumentstion and
materials.
To approve and recommend the publication of validated methods.
To provide Independent and Impartlal advice to stakeholders such as regulatory and harmonlsatlon
bodies.
To generate validated compositional data of natural products for interpretative and enforcement
purp0s8S.
To issue guidanGe such as Reports, Technlcal Brlefs, Recommendations, Background Papers and
sofvare on topic areas of interest to promote the education and training of ana1￿1C81 scientists.
To appoint and disband Expert Working Groups as required with the approval of ASC Council and
the Analytical Meth¢xls Trust, which funds their activity.
To liaise with other natSonal and international bodies in the field of st8ndardisation.
To nominate expert members to relevant regulatory and st8ndards bodies on behalf of the RSC
(See Note b81ow).
To recelve and act on reports from representatives on other committees where relevant to the work
of thè AMC.
To provide technical advice to UKAS on analylical quallty issues.
Note: Experts nominated by the AMC shall act in their capacity a8 individual technical experts and do not
nec8ssarlly represent the views of the RSC unless addltlonally authorised to do 80 by RSC Council.
Page 8

The Analytlcal Methods Trust
Independent examlner's report
For the year ended 31 December 2024
Independent examlnerfs report to the Trustees of The Anatytlcal Methods Trust ('the Charlty,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responslbllltles and basls of report
As tho TnJste8s of th8 Charity you ar8 responsible for the preparation of the accounts in accordance with the
requlrements of the Charitie5 Act 2011 ('the 2011 Act.).
I report in respect of my examination of the Charitls accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5)Ib) of the 2011 Act.
Independent examlnerfs statement
Your attention is drawn to th8 fact that the Charity has prepared the accounts in accordance With Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulation5 but has been withdrawn.
l understand that this has been done in ord8r for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examlnatlon. I confim that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accountlng racords were not kept In respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records; or
the accounts do not comply with the applicablo requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and faif view which is nol a m8tter considered as part of an independent
examination.
I have no concerns and have come aGross no other rnatters In connectlon wlth the examlnatlon to whlGh
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charitys Trustees, as a body, in accordanc8 With Part 4 of the Charities
(Accounts and Reports) Regulatlons 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examineff s report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charitys Trustees as a body, for my work or for this report.
Signed..
Samantha Rouse
A7n2.-
Dated.. 26 August 2025
FCCA DChA
Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT12TU
Page 9

The Analytlcal Methods Trust
Statement of financial activities
For the year ended 31 December 2024
Restrlctsd Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Investments
37,723
37,723
33,042
Total Income
37.723
37,723
33,042
Expendlture on:
Charitable activities
7,671
7,671
8,362
Total expenditur•
7,671
7,671
8,362
Net Incomo boforo net galns on
Investments
Net gains on investments
30,052
16.952
30.052
16,952
24,680
51,742
Nat movement In fund8
47.004
47,004
76,422
Reconclllatlon of funds:
Total funds brought forward
Net mov8m8nt in funds
10,856
1,097,786
47,004
1,108,642
47,004
1,032,220
76.422
Totsl funds carrfed forward
10.856
1,144,790
1,155.646
1,108,642
The Statement of financlal actlvities includes 811 galns and losses reGognised in the year.
The notes on pages 12 to 19 fomi part of these financial statements.
Page 10

The Analytlcal Methods Trust
Balance sheet
As at 31 December 2024
2024
2023
Note
Flxed assets
Investments
Current assets
1,096,287
1,052,361
Debtors
Cash at bank and in hand
9.353
53,714
4,893
57,439
63,067
62,332
Current Ilabllltlas
Creditors: amounts falling due within one
year
(3,708)
(6,051)
Not currènt 883gts
59,359
56,281
Total not as80ts
1,155,646
1,108,642
Charlty funds
Restricted funds
Unrestricted funds
10
10
10,856
1,144,790
10,856
1,097,786
Total funds
1,155,646
1,108.642
The financial statements were approved and authorised for issue by the Trust88s and signed on their behalf by:
JN Millar
Trust88
Date..
(Trf.
26/ty12
ID Lumley
Trustee
The notes on pages 12 to 19 form part of these financial statements.
Page 11

The Analytical Methods Trust
Notes to the financial ststements
For the year ended 31 December 2024
General Infonnatlon
The Trust Is an unincorporated charlty (registered number 1061108), registered in England and Wales
wlth Its registered office address being 67 The Marina. Deal. CT14 6NS.
Accountlng policies
2.1 Bas18 of preparatlon of flnanclal statsments
Tha financlal statements have been prepared in accordance wlth the Charitl8s SORP (FRS 102) -
Accounting and Reporting by Charitles: Ststement of R8commended Practice applicable to charltles
preparing their accounts In accordance wlth the Financial Reportlng Standard applicable In the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to glve a Yrue and fairf vlew and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'tru8
and f8irf view. This departure has involved following the Charities SORP (FRS 102) published In
Octob8r 2019 rath8r than th8 Accounting and Réporting by Charities,. Statament of Recommend8d
Practice effective from 1 April 2005 whlch has sinG8 b88n wlthdrawn.
The Analytical Methods Trust meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are inltially recognised at hlstorical cost or trans8Ction value unless otherwise stated in
the relevant accounting policy.
The financlal statements are presented In UK sterflng, which Is the Charltys functional currency, and
rounded to the n8are8t pound.
2.2 Golng ¢onc•rn
The Trustees assass whether the use of golng concem 18 approprlate l.e. whether there are any
material uncertainties related to events or condltlons that may cast signlficant doubt on the ablllty of
the Charity to continue as a going concem. The Trustees make this assessment In respect of a
period of at least one year from the date of authorisation for Issue of the financial st£tements and
have concluded that the Charity has adequate resources to continue in operational existence for the
fores88able future and th8re are no mat8rial uncertalnties about the Charivs ability to continue as a
golng conc8rn, thus they continua to adopt the going concem basis of accounting In preparing the
financial statements.
2.3 Incomo
All Income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measur@d r8llably.
Income tax recoverable in relation to Investment incom8 Is recognised at the time the investment
income is r8C6ivable.
2A Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benetlt
to a third party, it is probable that a transfer of economic benefits will ba required in settlement and
the amount of the obligation can be measured rellably. Expenditure is classified by activlty. The costs
of each activity are made up of the totsl of direct costs and shared costs. including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributabl8 to a single activlty are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Page 12

The Anatytical Methods Trust
Notes to the flnanclal statements
For the year ended 31 December 2024
Accountlng pollcles (contlnued)
2.4 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitys objectiv￿, as well as any associated support costs.
All axpenditur8 is inclusive of irrecoverable VAT.
2.5 Taxatlon
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore It meets the definition of a charltable company for UK corporation tsx purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital galns
received within categorles covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section
256 of the Taxstlon of Chargeable Gains Act 1992, to the extent that such Income or galns are
applied exclusively to charitable purposes.
2.6 Invo8tm6nts
Fixed asset Investrnents are a form of financial instrument and are init1811y recognlsed at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impaiment. Investment gains
and losses, whether r8allsed or unrealised, are Gombinad and presented as 'Gainsl(Losses> on
Investments, in the Statement of financial activities.
2.7 Debtors
Trade 8nd other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount pr8paid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-temi highly liquid investments wlth a short maturity
of three months or less from the date of acquisition or openlng of the deposit or similar account.
2.9 Llablllll•8 and provlslon•
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event. It Is probable that a transfer of economic benefit wlll be required in settlement, and the amount
of the settlement can be estlrnated reliably.
Liabilities are recognised at the amount that the Charity anticipates It will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the arnounts required to settle the obligation. Where
the effect of the time value of money is materia5. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Ststement of financial activits'es as a finance cost.
Page 13

The Analytical Methods Trust
Notes to the financial statements
For the year ended 31 December 2024
Accountlng pollcies (contlnuad)
2.10 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of tho Charity and which have not been designated for other
purpos8S.
Designated funds comprise unrestricted funds that hav8 been set aside by the Trustees for particular
purposes. The aim and use of aach designated fund is set out in the notes to the financial
statements.
Restrlcted funds are funds whlch are to be used In accordance wlth specmc restrlctlons Imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restrict8d
fund is set out In the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Investmont Incomo
Unrnstrlcted
fund8
2024
Total
funds
2024
Total
fund8
2023
Interest- fixed interest securities
37,723
37,723
33,042
Total 2023
33,042
33,042
Analysis of •xp•ndlture by a¢tfvitles
Activltlos
undertak•n
dlrectly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Meetings and 6ducatlon
Support costs
3.963
3,963
3,708
2,311
6,051
3,708
3,963
3.708
7,671
8.362
Total 2023
2.311
6,051
8,362
All costs in the current and prior year are attributed to unrestricted funds.
Page 14

The Analytical Methods Trust
Notes to the flnanclal statements
For the year 8nd8d 31 December 2024
Analysls of expendlture by actlvltle8 (contlnued)
Analysls of support costs
Support
costs
Total
funds
2024
Total
funds
2023
2024
Honorarium - secretarial services
Office expenses
Accountancy
800
46
2,862
800
46
2,862
1,200
51
4,800
3,708
3,708
6,051
Total 2023
6,051
6,051
Ind•pondent examlnerf8 remuneratlon
The independent examlnerfs remuneratlon amounts to an Independent ex8mlner fee of £1,300 (2023
£2,160) and accounts preparatlon fee of £1,562 (2023- £2,640).
Trustees. remuneratlon and expense8
The charity considers its Board of Trustees to be its key management personnel.
An Honorarium of £800 (2023: £1,200) was due to Dr R Wood, a trustee, for provlding secretarial
S8rvices. 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 ended 31 December 2024. expenses totalllng £1.467 were relmbursed or pald directly to
8 Trustees {2023 £700 to 7 Trustees) for travel expenses and printing, postage and stationery
expenses.
Page 15

The Analytlcal Methods Trust
Notes to the financial statements
For the year ended 31 December 2024
Flxed asset Investments
Llsted
Investmènts
Cost or valuatlon
At 1 January 2024
Addltions
Disposals
Revaluatlons
1,052,361
898,229
(871,2551
16,952
At 31 December 2024
1,096,287
Nat book value
At 31 December 2024
1,096,287
At 31 December 2023
1,052,361
Dobtors
2024
2023
Due wlthln one yoar
Prepayments and accrued income
9,353
4.893
9.353
4,893
Credltorn: Amounts lalllng duo wlthln ono year
2024
2023
Accruals and deferred income
3,708
6.051
Page 16

The Analytical Methods Trust
Notes to the financlal statements
For the year ended 31 December 2024
10. Statement of funds
Statement of funds - current year
Balance at
31
GaIn￿ December
(Losses)
2024
Balance at 1
January
2024
Income Expanditure
Unrestrlctod funds
Accumulated fund
1,097,786
37.723
(7,671)
16,952
1,144,790
Restricted funds
Food and Feed Authentlcity
DEFRA projects
8,781
2,075
8,781
2,075
10,856
10.856
Total of fund8
1,108,642
37,723
(7,671)
16,952
1,155,646
Page 17

The Analytical Methods Trust
Notes to the financlal statements
For the year ended 31 December 2024
10. Statement of funds (continuad)
Statement of funds - prlor year
Balance at
31
December
2023
Balance at
1 January
2023
Transfers
inlout
Gainsl
(Losses)
Incom8 Expenditure
Unrestrlcted
funds
Designatod
funds
Lecture fund
476
(1,058>
582
General funds
Accumulated
fund
1,020.888
33,042
(7,304)
(582)
51,742
1,097,786
Tolal
Unrestrlcted
funds
1,021.364
33,042
(8,362)
51,742
1,097,786
Restrlctad
fund8
Food and Feed
Authenticity
DEFRA projects
8,781
2,075
8,781
2,075
10,856
10,856
Totsl of fund8
1.032.220
33,042
(8.362)
51,742
1,108.642
The Accumulated Fund represents the free funds of the Trust.
The Designated Fund is a fund set up to maintsin the Theobald Lectures. This has been ￿llY utilised in
the prior year.
Restrlcted Funds:
Food and Feed Authenticity Fund - Represents grants given for work on nitrogen factors and also for
work more generally on food and feed authentiGity that may be undertaken by the Food and Feed expert
Working Group.
DEFRA projects fund During the year end8d 31 Dec8mb8r 2021, one project, which commenced in
2019 and was funded by DEFRA, was completed. A total of £11.000 was r@ceived for the preparation of
'Guidance for the Organisation of a Nitrogen Factor Studl. The balance of £2,075 is being carried
forward to cover future costs of the study and authenticsty work.
Page 18

The Analytlcal Methods Trust
Notes to the flnanclal statements
For the year ended 31 December 2024
11. Analysls of net assets between funds
Analysls of net assels between funds - current perlod
Restrlcted Unrestrlcted
funds
funds
2024
2024
Totsl
funds
2024
Fixed asset investments
Current assets
Creditors due withln one year
1.096,287
52,211
{3,708)
1,096,287
63.067
(3,708)
10,856
Totsl
10,856
1,144,790
1,155.646
Analysls of net assets batwoon funds - prlor perlod
Restricted Unrestrlcted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Currant assets
Creditors du8 Within one year
1,052,361
51,476
(6,051)
1.052.361
62,332
(6.051)
10,856
Total
10.856
1,097,786
1.108,642
12. Related party transactlons
Tho Charity ha8 not enterod into any related party tran8action during the year, nor are there any
outstandlng balances owing between related partles and the Charity at 31 December 2024.
Page 19