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|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|||
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|||||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|
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|||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|
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|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|
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|---|---|---|---|---|
|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|
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|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|
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|||||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|
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|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|
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|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||||||
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|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|
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|||||||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||