2020-12-31-accounts - The Association Of Coloproctology Of Great Britain And Ireland

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Trustees Annual Report	Trustees Annual Report
Statement of Trustees'		Responsibilities
Independent Auditors'	Report			21
Consolidated Statement		of Financial	Activities	23
Balance Sheet				24
Cash Flow Statement				25
Notes to the accounts				27

			Unrestricted	Restricted	Total	Total Funds
			Funds	Funds	Funds	Year to
			Year to	Year to	Year to	31 Dec 19
			31 Dec 20	31 Dec 20	31 Dec 20
		Note
INCOME AND ENDOWMENTS	FROM
Donations and legacies			65,157		65,157	505,947
Charitable activities
Education			52,764		52,764	169,011
Provision of publication			128,343		128,343	86,001
Annual General Meeting			61,059		61,059	480,670
Other trading activities Investment income			274,859 904		274,859 904	250,173 2,938
TOTAL INCOME			583,086		583,086	1,494,740
EXPENDITURE ON
Raising funds						101,705
Charitable activities:
Bursaries			63,604		63,604	501,779
Education			150,592		150,592	312,505
Provision of publications			59,248		59,248	38,521
Annual General Meeting			189,288		189,288	479,663
Governance costs			193,207		193,207	42,077
TOTAL EXPENDITURE			655,939		655,939	1,476,250
NET INCOME/(EXPENDITURE)			-72,853		-72,853	18,490
Subsidiary demeger			213,911	59,922	273,833
Net Movement in funds			(286,764)	(59,922)	(346,686)	18,490
RECONCILIATION OF FUNDS
Total funds brought forward			1,514,409	68,454	1,582,863	1,564,373
Total funds carried forward			1,227,645	8,532	1,236,177	1,582,863

BALANCE SHEET
YEAR ENDED 31 DECEMBER 2020
		Group		Charity
		2020	2019	2020	2019
	Note				E
FIXEDASSETS
Intangible assets	12	5,040	9,445	5,040	7,560
Tangible assets		~1640	3208	~1640	2 183
		6,680	12,653	6,680	9,743
CURRENT ASSETS
Stocks		479	479	479	479
Debtors	13	339,613	324,627	339,613	235,375
Cash at bank		982,949	1,833,077	982,949	1,058,829
		1,323,041	2,158,183	1,323,041	1,294,683
CREDITORS:
Amounts falling due within one year	14	(93,444)	(587,973)	(93,444)	(90,717)
NET CURRENT ASSETS		1,229,597	1,570,210	1,229,597	1,203,966
TOTAL ASSETS LESSCURRENT		1,236,277	1,582,863	1,236,277	1,213,709
LIABILITIES
NET ASSETS		1,236,277	1,582,863	1,236,277	1,213,709
FUNDS
Unrestricted		1,227,745	1,514,409	1,227,745	1,205,177
Restricted	16	8,532	68,454	8,532	8,532
TOTAL FUNDS		1,236,277	1,582,863	1,236,277	1,213,709

								Group		Charity
								2020	2019	2020	2019
							Note	P.
Cash flows from operating			activities
Cash generated		from operations						(849,679)	261,868	(75,431)	125,865
Interest paid
Net cash	provided by (used in)			operating				(849,679)	261,868	(75,431)	125,865
Activities
Net cash	provided by (used			in)	investing
activities
Purchase	of fixed assets							449	2,155	449
Change in cash and cash			equivalents			in the
reporting	period							(850,128)	259,533	(75,880)	125,865
Cash and	cash	equivalents	at the beginning
of the reporting		period						1,833,077	1,573,544	1,058,829	932,964
Cash and	cash	equivalents	at the end			ofthe		982,949	1,833,077	982,949	1,058,829
reporting	period

					Group		Charity
					2020	2019	2020	2019
Net income for the	reporting			period (as
per the statement	of	financial		activities)	(72,853)	18,490	22,567	95,336
Adjustments for:
Depreciation charges					3,509	3,641	3,509	2,727
Current assets less	current		liabilities
returned to subsidiary					(270,820)
Decrease / (increase)		in debtors			(14,986)	(44,150)	(104,234)	34,440
Increase / (decrease)		in creditors			(494,529)	283,887	2,727	(6,638)
					849,679	261,868	75,431	125,865

on is calculated so as to write off th onomic life ofthat asset as follows:	e cost of an asset,	less its e
Computer equipment	25% reducing	balance
Office equipment	15%reducing	balance
Exhibition stand	15%reducing	balance
Leasehold improvements	15%reducing	balance
Chain of Office 8 Medal Dies	20% straight	line

ONATION	S AND LEGACIES
					2020	2019
Donations	(from trusts, events,	private companies,	individuals,	etc)	65,157	505,947
					65,157	505,947
THER TRADING ACTIVITIES
					2020	2019
Subscription					274,859	250,173
					274,859	250,173

VESTMENT IN	COME
							2020	2019
Bank interest receivable							904	2,938
							904	2,938
COME FROM	CHARITABLE ACTIVITIES
							2020	2019
			Activity
Pelvic Floor Society			Education				5,500	72,763
Coloproctology	motorway	course	Education				650	37,050
Dukes' Club			Education				29,189	55,305
Other meetings			Education				2,425	2,931
lleal Pouch			Education				15,000
Publication Income			Provision	of Colorectal		journal	128,343	86,001
Annual General	Meeting		Annual General		Meeting		61,059	480,670
CReaTE Roadshows			Education					i, i00
							242,166	735,682

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NDED 31	DECEMBER 20	DECEMBER 20	20	20	20	20	20
GRANTS	PAYABLE TO		INSTITUTIONS
										2020	2019
Bursaries										30,249	431,160
The total grants paid to		and		repaid		by	Institutions		during the year were as follows:
										2020	2019
Bowel Research UK										30,249
NASBO											1,215
University	of Sheffield										1,160
Countess	of Chester NHS Trust										5,000
University	Hospitals of	Coventry			8	Warwickshire					7,236
Multiple lns											(7,887)
University	of Newcastle										1,588
University	of Southampton										16,578
										30,249	24,890
In addition	to the above	the		following			amounts	have been included		in creditors as at the year end the	charity
was committed to funding			these		grant		applications:
										2020	2019
University	of the Highlands			and	Islands					P.	g 71,333
Countess	of Chester NHS Trust										25,000
University	of Edinburgh										11,480
St Marks	Hospital
NHS Lothian											10,000
University	of Oxford
University	of Southampton										9,921
University	of Newcastle										63,912
University	of Leicester										25,000
University	of Sheffield										5,973
University	of Manchester										(51)
University	of Warwick										21,707
University	of Oxford
Countess	of Chester
Birkbeck	College, University			of	London						31,441
University	of Birmingham										130,484
Cardiff &	Vale University		Health		Board
											406,270
Total gra	nts payable	in	the ye		ar					30,249	431,160

NET INCOMING/ (OUTGOING) RESOURCES	NET INCOMING/ (OUTGOING) RESOURCES	NET INCOMING/ (OUTGOING) RESOURCES
Net resources are stated after charging/(crediting)			2020	2019
Auditors remuneration			12,752	17,320
Auditors remuneration	for non-audit	work	2,500	6,858
Depreciation —owned	assets		3,509	3,461

There wer ended 31	e no trustees' remuneration or other benefits December 2019.	for the year ended 31 December 2020 nor t	he year
Trustees'	expenses	2020	2019
Trustees'	expenses	1,669	6,679

STAFF CO	STS
					2020	2019
Wages and	salaries				116,586	160,518
Social security costs					11,651	14,456
Pension costs					19,826	31,790
					147,063	207,064
The average	monthly	number	of employees	during the year was as follows:
					2020	2019

		Unrestricted	Restricted	Total funds
		fund	funds
		R
INCOME AND ENDOWMENTS	FROM
Donations and legacies		261,609	244,338	505,947
Charitable activities
Education		169,011		169,011
Provision of Publications		86,001		86,001
Annual General Meeting		480,670		420,670
Other trading activities		250,173		250,173
Investment income		2,938		2,938
Total income		1,250,402	244,338	1,494,740
TOTAL EXPENDITURE ON
Raising funds		101,705		101,705
Charitable activities
Bursaries		253,875	247,904	501,779
Education		312.505		312,505
Provision of publication		38,521		38,521
Annual General Meeting		479,663		479,663
Governance costs		42,077		42,077
TOTAL EXPENDITURE		1,228,346	247,904	1,476,250
NET INCOME		22,056	(3,566)	18,490
Transfer between funds		2,000	2,000
Net movement in funds		2Q,Q56	(1,566)	18,490
RECONCILIATION OF FUNDS
Total funds brought forward		1,494,353	70,020	1,564,373
Total funds carried forward		1,514,409	68,454	1,582,863

INTANGIBLE FIXEDASSETS (a) GROUP	Software &Website
COST
At 1 Jan 2020	14,754
Disposal	2,154
At 31 Dec 2020	12,600
DEPRECIATION
At 1 Jan 2020	5,309
Charge for the year	2,520
Disposal	269
At 31 Dec 2020	7,560
NET BOOK VALUE
AT 31 DEC 2020	5040
AT 31 DEC 2019	9,445
(b) CHARITY
NET BOOK VALUE
AT 31 DEC 2020	5,040
AT 31 DEC 2019	7,560

TANGIBLE FIXEDASSE (b) GROUP	TS
	Office	Computer	Office &
	Equipment	equipment	medal dies	Total
COST
At 1 Jan 2020	3,444	5,967	4,064	13,475
Additions		449		449
Disposals	1,115	5,527		6,642
At 31 Dec 2020	2,329	889	4,064	7,282
DEPRECIATION
At1 Jan 2019	2,905	5,059	2,304	10,268
Charge for the year	46	132	812	990
Disposals	881	4,735		5,616
At 31 Dec 2020	2,070	456	3,116	5,642
NET BOOK VALUE
AT 31 DEC 2020	259	433	948	1,640
AT 31 DEC 2019	540	909	1,760	3,209
(b) CHARITY
NET BOOK VALUE
AT 31 DEC 2020	259	433	948	1,640
AT 31 DEC 2019	307	116	1,760	2,183

	Group	Group	Charity	Charity
	2020	2019	2020	2019
AGM 2023 82024 Prepaid expenses	15,831		15,831
AGM 2022 Prepaid expenses	33,561		33,561
AGM 2021 Prepaid expenses	73,179	7,201	73,179	7,201
AGM 2020 Prepaid expenses		125,270		125,270
Trade debtors	6,583	86,001	6,583
Prepayments and accrued income	82,116	22,173	82,116	16,903
Other debtors	128,343	83,982	128,343	86,001
	339,613	324,627	339,613	235,375

CREDITORS: Amounts falling due wit	hin one year	hin one year
	Group		Charity
	2020	2019	2020	2019
Other creditors		518,830
Deferred income	31,898		31,898	58,833
Accruals	43,404	51,503	43,404	16,454
Trade creditors	7,189	3,100	7,189	2,869
Other taxation	10,953	14,540	10,953	12,561
	93,444	587,973	93,444	90,717

					Projected	Unit
					Technical	Future
Valuation method					Provisions	Service
investment return —pre-retirement Investment return —post-retirement					2.45%p.a. 0.35%p.a.	3.62% 2.37%
Price Inflation (R PI)	Full unadjusted	market	implied	RPI Curve
Price Inflation (CPI)	Full Curve derived as		RPI Curve less 1%p.a,
	before 2030 and	no deduction		thereafter.
General salary increase	Full Curve derived as		RPI Curve less 1%p.a