REGISTERED CHARITY NUMBER: 1063362
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
CIRP (UK) CHARITABLE TRUST
Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA
CIRP (UK) CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 7 |
Detailed Statement of Financial Activities |
8 |
CIRP (UK) CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trusteespresenttheirreportwiththe financialstatementsof the charityfor the year ended 31 March2021.The trustees have
adoptedthe provisionsof the Statementof RecommendedPractice(SORP)'Accountingand Reportingby Charities'issued in March
2005.
REFERENCE AND ADMINISTRATIVE DETAILS |
|
Registered Charity number |
|
1063362 |
|
Principal address |
|
17a Holly Road South |
|
Wilmslow |
|
SK9 1NQ |
|
Trustees |
|
Prof S Hinduja |
Secretary |
Prof R Roy |
Trustee |
Prof P G Maropoulos |
Chairperson |
S Newman |
Trustee |
Independent examiner |
|
James Donachie |
|
Institute of Chartered Accountants of Scotland |
|
Donachie Chartered Accountants |
|
2nd Floor |
|
Templeton House |
|
62 Templeton Street |
|
Glasgow |
|
G40 1DA |
|
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Organisational structure
The trusteesare responsiblefor the overallmanagementand controlof the CIRP(UK)CharitableTrustand they meet twicea year,
once at the May meeting and the second time in the last week of August.
Currently there are four trustees i.e.
(i) Professor Paul George Maropoulos (Chairman)
(ii) Professor Stephen Newman
(iii) Professor Rajkumar Roy
(iv) Professor Srichand Hinduja (Secretary)
NewtrusteesarenominatedbyCIRP(U.K.)Ltd.,asisterconcern;thenomineemustbeaFellowofCIRPwhichensuresthat they
have the necessary experience to discharge their duties effectively and efficiently and also have a passion for CIRP and its activities.
Wider network
The trusteesare activelysupportedby other membersof the CIRP(UK) community.These membersact as volunteersin organizing
theMaymeetingsandtheGeneralAssemblywhenit is heldin theUK.Thesevolunteersandallthetrusteesgivetheirtime freely
and no remuneration is paid during the year.
Risk management
Thetrusteeshavea dutyto identifyand reviewthe risksto whichthe charityis exposedand to ensureappropriatecontrolsare in
place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
1. To promote,support and undertakeeducationresearchstudy and the disseminationof useful informationinto and on all aspects
of production engineering and all other areas of engineering science and technology anywhere in the world.
2.anyothercharitableobjectsassociatedwiththecharity'sprimaryobjectivedefinedabovein anyotherpartoftheworldas the
trustees in their absolute discretion think fit to support or establish.
Page 1
CIRP (UK) CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
OBJECTIVES AND ACTIVITIES
Significant activities and achievements
CIRPwasfoundedin1951withtheaimtoaddressscientifically,throughinternationalco-operation,issuesrelatedto modern
productionscienceandtechnology.TheInternationalAcademyforProductionEngineeringtakesitsabbreviatednamefrom the
Frenchacronymof(CIRP)and includessome600 worldwidemembers.The numberof membersis intentionallykept limited,so as
to facilitate informal scientific information exchange and personal contacts.
CIRP has some 180 Fellowsand HonoraryFellowswho are internationallyrecognizedscientistselectedto be CIRP membersfor life.
DuetothelimitednumberofCIRPFellows,theelectionofaFellowisalengthy,rigorousprocessensuringthehighest possible
academic standards.
CIRPincludessome150Associatememberswellknownscientists,withhighpotential,electedtypicallyfora periodofthree years
withthepossibilityofrenewal.AnumberofAssociatememberseventuallybecomeFellows.SomeAssociatemembersmay also
belong to fields related to Manufacturing.
CIRP,althoughanacademicorganization,encouragestheparticipationofindustryinitsactivities.Therearesome170 Corporate
memberswhofollowthe researchworkof the academicmembersof CIRP,and veryoftencontributeto the information exchange
withinCIRPbypresentingtheirviewsonindustrialneedsandperspectives.YoungResearchAffiliatesandsomeInvited members,
particularly from countries not yet involved in CIRP, are also included in the CIRP community.
WhilstCIRPisaninternationalorganization,theCIRP(UK)communityconsistsof26Fellows,6Associatemembers,10 Research
Affiliatemembersand7Corporatemembers,whoarealsomembersofCIRP(U.K.)Ltd.,whichisasisterassociationinthe UK.
EveryyearinthemonthofMay,CIRP(UK)CharitableTrusttogetherwithCIRP(U.K)Ltd.organizesameetingforoneanda half
days and at this meeting,all the Fellows,Associatemembers,ResearchAffiliatesand Corporatemembersare invitedtogether with
young aspiring researchers from academia and industry. At this meeting, the young researchers and invited industrialists:
-
(i) learn about the activities of CIRP;
-
(ii) present their research, and
-
(iii) discuss the latest developments in manufacturing.
TheyoungresearchersareencouragedtosubmitapaperontheirresearchandsubsequentlybecomemembersofCIRP. Only
high-qualitypapersforacceptedforpresentationattheGeneralAssemblybecausethecompetitionisfierce.Onceapaper is
acceptedby a youngresearcherwhois nota memberofCIRPorby a memberofCIRPwhohasnofunding,theTRUSTwillstep in
and support them financially.
This year the CIRP (UK) meeting was scheduledto be held at the Universityof Bristolbut becauseof Covid-19,it was decided that it
wouldbesafertoconducttheconferenceonlineusingZoom,whichmeantthatnoexpenseswereincurred.These meetings,
organizedand supportedby the TRUST,have been extremelysuccessfulas the size of the UK CIRP communityhas nearly doubled in
size over the last ten years.
FINANCIAL REVIEW
Principal funding sources
Thefinancialstatementsshowanincomeof£78,345receivedfromConferCare(EventManagementServices)attheUniversity of
Manchester and an expense of £5,500 paid to CIRP (U.K) Ltd. to cover operational costs for the year 2020-21.
Onceevery10to15years,theTrustorganizestheCIRPGeneralAssembly,whichisaone-weeklongevent.Thefirsthalfof the
Assemblyis devotedto CIRPmembers,or researchersaspiringto becomemembers,presentingtheirresearchpaperswhilstin the
secondhalf,thereareshortpresentationsoncurrenton-goingworkfrommembersand/orinvitedguests,discussions about
collaborative work and keynote lectures.
In August2019,the Trustorganizedthe GeneralAssemblyin Birminghamat the InternationalConventionCentre.Sincethere were
about600delegatesfrom30differentcountriesattendingthisevent,itwouldhavedifficultfortheTrustanditsmembers to
organisethiseventandhenceitwassubcontractedtotheConferCareTeamatTheUniversityofManchester.Inadditionto the
educationalbenefitsthiseventbringstothestudents,academiaandpractisingmanufacturingengineers,itcreatesasocial event
which is of immense benefit to the local community without any cost to the Exchequer.
07/03/2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................
Prof S Hinduja - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CIRP (UK) CHARITABLE TRUST
I report on the accounts for the year ended 31 March 2021, which are set out on pages four to seven.
Responsibilities and basis of report
Asthecharity'strusteesyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Charities Act 2011 ('the Act').
Ihaveexaminedyourcharity'saccountsasrequiredundersection145oftheCharitiesAct2011('theAct').Incarryingout my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
Ihavecompletedmyexaminationandhavenoconcernsinrespectofthematters(1)to(4)listedaboveand,inconnection with
following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
James Donachie CA
James Donachie
Institute of Chartered Accountants of Scotland
Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA
8 March 2022
Date: .............................................
Page 3
CIRP (UK) CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
2021
Unrestricted
fund
Notes
£
INCOMING RESOURCES
Incoming resources from generated funds
Activities for generating funds
2
78,345
RESOURCES EXPENDED
Other resources expended
5,500
NET INCOMING RESOURCES
72,845
RECONCILIATION OF FUNDS
Total funds brought forward
31,819
TOTAL FUNDS CARRIED FORWARD
104,664 |
2020
Total
funds
£
24,296
- |
|
24,296
7,523 |
|
31,819 |
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 4
CIRP (UK) CHARITABLE TRUST
BALANCE SHEET AT 31 MARCH 2021
2021
Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
104,664
NET CURRENT ASSETS
104,664
TOTAL ASSETS LESS CURRENT LIABILITIES
104,664
NET ASSETS
104,664
FUNDS
4
Unrestricted funds
104,664
TOTAL FUNDS
104,664 |
2020
Total
funds
£
31,819 |
|
31,819 |
|
31,819 |
|
31,819 |
|
31,819 |
|
31,819 |
07/03/2022
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
.............................................
Prof S Hinduja -Trustee
.............................................
Prof P G Maropoulos -Trustee
The notes form part of these financial statements
Page 5
CIRP (UK) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Accounting convention
Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,theCharitiesAct2011and the
requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
AllincomingresourcesareincludedontheStatementofFinancialActivitieswhenthecharityislegallyentitledto the
income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditureis accountedforon an accrualsbasisand has been classifiedunderheadingsthataggregateall costrelated to
thecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitieson a
basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. ACTIVITIES FOR GENERATING FUNDS
|
2021 |
2020 |
|
£ |
£ |
Fundraising events |
78,345 |
24,296 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norfortheyear ended
31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. MOVEMENT IN FUNDS
|
|
Net movement |
|
|
At 1/4/20 |
in funds |
At 31/3/21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
31,819 |
72,845 |
104,664 |
TOTAL FUNDS |
31,819 |
72,845 |
104,664 |
Page 6
CIRP (UK) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021
4. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement in |
|
resources |
expended |
funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
78,345 |
(5,500) |
72,845 |
TOTAL FUNDS |
78,345 |
(5,500) |
72,845 |
Comparatives for movement in funds |
|
|
|
|
|
Net movement |
|
|
At 1/4/19 |
in funds |
At 31/3/20 |
|
£ |
£ |
£ |
Unrestricted Funds |
|
|
|
General fund |
7,523 |
24,296 |
31,819 |
TOTAL FUNDS |
7,523 |
24,296 |
31,819 |
Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement in |
|
resources |
expended |
funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
24,296 |
- |
24,296 |
TOTAL FUNDS |
24,296 |
- |
24,296 |
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net movement |
|
|
At 1/4/19 |
in funds |
At 31/3/21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
7,523 |
97,141 |
104,664 |
TOTAL FUNDS |
7,523 |
97,141 |
104,664 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement in |
|
resources |
expended |
funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
102,641 |
(5,500) |
97,141 |
TOTAL FUNDS |
102,641 |
(5,500) |
97,141 |
Page 7
CIRP (UK) CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
INCOMING RESOURCES
Activities for generating funds
Fundraising events
Total incoming resources
RESOURCES EXPENDED
Support costs
Management
CIRP (U.K) Ltd - operational expenses
Total resources expended
Net income |
2021
£
78,345
78,345
5,500
5,500
72,845 |
2020
£
24,296 |
|
|
24,296
- |
|
|
- |
|
|
24,296 |
This page does not form part of the statutory financial statements
Page 8