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2020-12-31-accounts

Page
Reference and Administrative
Details
Report ofthe Board
Independent
Auditors'		 Report
Statement of Financial Activities
(Including
Income and		 Expenditure Account)
Balance Sheet
Accounting
Policies
Notes to the Financial Statements
Income and Expenditure Account

UNRESTRICTED UNRESTRICTED
Note 2020 2019
E
INCOME AND EXPENDITURE
INCOME:
Donations
and legacies		 145,993 152,494
Charitable
activities		 21,898 20,296
Investment
income		 10,872 12,348
TOTAL INCOME 178,763 185,138
EXPENDITURE:
Charitable
activities:
Advancement
ofeducation		 and training in paediatric
and neonatal
pharmacy		 156,602 129735
TOTAL EXPENDITURE 156,602 129,735
NET INCOME 22,161 55,403
OTHER RECOGNISED GAINS AND LOSSES:
Gain on revaluation
offixed		 asset investments 23278 37312
NET MOVEMENT
IN FUNDS FOR THE		 YEAR 45,439 92,715
Reconciliation
of Funds
Fund Balance Brought Forward at 1 January 2020 835,506 742,791
Fund Balance Carried Forward at 31 December 2020 880,945 835,506

2020 2019
Note 8 6
FIXEDASSETS
Investments 646,717 6~21 467
CURRENT ASSETS
Debtors 115,112 109,103
Cash at bank 194719 ~159561
309,831 268,664.
LIABILITIES
Creditors
falling due within one year		 75,603 ~54625
NET CURRENT ASSETS 234,228 214,039
NET ASSETS 880,945 835,506
THE FUNDS OF THE CHARITY:
Unrestricted
Funds		 880,945 835,506

2. DONATIONS
AND LEGACIES		 2. DONATIONS
AND LEGACIES		 2. DONATIONS
AND LEGACIES		 Total Funds Total Funds
2020 2019
E
Donation from RCPCH Publications Ltd (see note 12) 98,503 102,504
Corporate donation 42,490 42,490
POP Sponsorship 5000 7,500
145,993 152,494
3. INCOME FROM CHARITABLE ACTIVITIES Total Funds Total Funds
2020 2019
E 8
Members' subscriptions 16,898 16,322
Income from annual conference 5,000 ~3974
21 898 20,296

4. INVESTMENT INCOME Total Funds Total Funds
2020 2019
E E
Bank interest
Income from managed investment portfolio 10,872 12,348
10,872 12,348

5. ANALYSIS OF 5. ANALYSIS OF CHARITABLE CHARITABLE CHARITABLE EXPENDITURE EXPENDITURE 2020f 2019f
Medicines for Children 30,000 20,000
POP study day 870
Information officer services 35,000 35,000
Membership
liaison		 officer services 18,539 13,115
Telephone and internet
Post and stationery 308 1,783
Travelling expenses 3,089 10,791
Room hire 2,660
Technical literature 7,565 9,782
Administration
and		 clerical support 15,000 15,000
Insurance 5,137 2,987
Secretarial services (23,985)
Audit 3,295 3,478
Accountancy 3,296 3,479
Sundry 1,580 1,172
Investment management costs 8,900 8,213
Corporate package and conference costs 6,000 9,300
Position Statement and education and training officers 5,801 8,058
Education and training officer 12,088 4,029
Training 2,370
Legal fees 2,444
NPPG stand at FIP conference 2,340
Advertising 1,609
Bank charges 134 139
156,602 129,735

Managed Interest in
Investment Associated
Portfolio Undertaking Total
K 6
COST OR VALUATION:
At 1 January 2020 621,465 621,467
Additions 10,872 10,872
Disposal (8,900) (8,900)
Revaluation 23278 23,278
At 31 December 2020 646,715 646,717
IMPAIRMENT:
At 1 January 2020 and 31 December 2020
CARRYING AMOUNT:
At 31 December 2020 646,715 2 646,717
At 31 December 2019 621,465 2 621,467
Investments at fair value within the managed investment portfolio comprise:
2020
E		 2019f
Equities 343,994 327,443
Securities 200,842 195,630
Cash within investment porffolio 7,345 16,736
Property
within
investment
portfolio		 21,708 24,399
Alternative assets 72 826 57257
646,715 621,465

8. DEBTORS 8. DEBTORS
2020
8		 2019f
Amount owed from related undertakings 98,502 102,503
Other debtors 16,610 6,600
115,112 109,103
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
6
Accruals and deferred income 75,603 54,625
10. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS: UNRESTRICTED
2020 2019
6
Fixed asset investments 646,717 621,467
Current assets 309,831 268,664
Current liabilities ~75,603 ~54,625)
8~80 945 835,506

Gains
At Incoming Outgoing and At
01/01/2020f Resources Resources
6		 Losses
E		 31/12/2020
6
Unrestricted Funds:
General Fund 835,506 ~178763 ~156,602 23,278 880,945

results is shown
below		 .
RCPCH Publications Limited: Summary Results
31/08/2020 31/08/201 9f
Turnover 235,882 242,309
Cost ofsales and administrative expenses ~39,152) ~37,538)
Operating
profit		 196,730 204,771
Interest receivable 274 237
Net Profit 197,004 205,008
Charitable
Trading
Funds:
Balance at 1 September
Net profit 197,004 205,008
To be gifted to RCPCH for year ended 31 August (98,502) (102,504)
To be gifted to NPPG for year ended 31 August ~98,502) (102,504)
Balance at 31 August
Charity share:
Balance at 1 September
Balance at 31 August

The carrying
am		 ounts
ofthe ch		 arity's
financial		 statements
are as		 follows:
31/08/2020f 31/08/2019
6
Measured
at fair		 value through net income/expenditure:
Fixed asset listed investments
(note 7)		 646,715 621,465
Debit instruments measured
at		 amortised
cost:
Other debtors (note 8) 16,610 6,600
Amount owed by related undertakings (note 8) 96,502 102,503
115112 109 103
Financial
liabilities measured
at amortised
cost:
Accruals and deferred income (note 9) 75,603 54,625
~75603 ~54625

2020 2019
INCOME
Member subscriptions 16,898 16,322
Corporate
donation		 42,490 42,490
Donation
from RCPCH		 Publications Ltd 98,503 102,504
POP sponsorship 5,000 7,500
Profit from annual conference 5,000 3,974
Income from managed investment portfolio 10872 ~12348
178,763 185,138
EXPENDITURE
Medicines
for Children		 30,000 20,000
POP study day 870
Information
officer		 services 35,000 35,000
Professional
secretarial		 service (23,985)
Membership
liaison		 officer services 18,539 13,115
Telephone
and internet
Post and stationery 308 1,783
Travelling
expenses		 3,089 10,791
Room hire 2,660
Technical
literature		 7,565 9,782
Administration
and		 clerical support 15,000 15,000
Auditors'
remuneration		 6,591 6,957
Sundry 1,580 1,172
Investment
management		 fees 8,900 8,213
Insurance 5,137 2,987
Corporate package and conference costs 6,000 9,300
Position statement officer 5,801 4,029
Education
and training		 officer 12,088 4,029
Training 2,370
Legal fees 2,444
NPPG stand at FIP conference 2,340
Advertising 1,609
156,468 129,596
22,295 55,542
Finance costs
Bank charges 134 139
NET INCOME FOR THE YEAR 22, 161 55,403