# # ## ## ## ## ## ## ## ## |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| ## ||||||co
O N
U- o0)
md
0
I—|co
O N
U- o0)
md
0
I—||CO0 CA
(0 (0 (0
(0!:
CD~V)
Yi N|CO0 CA
(0 (0 (0
(0!:
CD~V)
Yi N|CO0 CA
(0 (0 (0
(0!:
CD~V)
Yi N|0
0
(0|0
CO N 0
N IA O
&COO"
N
CA «|0
CO N 0
N IA O
&COO"
N
CA «|C!
CO
(0|CD(
C (A
CO N
W W
N lA|CD(
C (A
CO N
W W
N lA|(ALA
CD (A
r
CO
'ct
CO|(ALA
CD (A
r
CO
'ct
CO|||CO
C
M
&9
N|N
&D
O
O
(9|CD
(0
CO
N
N|00
CO
CD
«|«
CD
N
N|00
N||CO
CD
O||c!
lAN
(0|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||M~ O
c N
g O
U
N
O
m
(D
«d
0I-||OL|0O
CO
N
CD(0
1||N «h
COB
CD
CO N IA 10 N
!Q'
CO
CD
CO N O N
(Oh OCDIAO
IA
CO|||||N
CO
N
(0|N
CO
IA
CD
1||v-|(9
(0
(9||N
(0
O|Ch
CO
(9|IA
CO
O
!|DQ
10'
tf|CO
r
1-|N
CO
&Ah
N
CO
IACO
I||CO
N
N
w
!|||| ||||||QIO
C
Cd
C
QI|MCLI
«
VI
O||||!|!|!|!
~
!|!|~|~|!|!|||(0
IA
IA
CO|CD
h
CD
O|I
CO
(0
OI|00(
LA
CO
CD 1-
+ w
CO||N
CO
IAD
'N
CO
IA CO
1||CO
N
N||ON
CD!|| ||||||0||||||||||||||||||||||||||| ||||||U||||||||||||||||||||||||||| |||||||||CO|!|!|!|!|~
! !|!|!|!|!|~|00||~|!|!|!|~|!||||CO|| ||||||m|C
'«||CO
N|||||||||||CO
N|||||||||||CO
N|| |||||||Ql||CD|||||||||||CD|||||||||||Ol|| ||||||C
c|(D
E||00
T|||||||||||CO
T|||||||||||CO
1|| |CiZ|||||M
0 0
C «
0 m
M.&a
0
Q.||~|!|!|!|~|!|(0
N
CD
IA
! !|!|~|!|!|!|CO
N
OI
IA|||||||||||(0
CD
IA|| ||||||||||||||||||||||||||||||||0| |UJK
CiZ||||||C0
Ql0
'O|CLC|||N
OO
(0|N
(0|IA
CO
O|W
CD
N !O
O N
IA O
CO||N
N
(0|!0'
IA
AI
1||IA|||(0
IA
IA
CO||O
O
CD|r
!O
N
P)||||||N
CD
IA
Cl
IA!|&0000
Q)| |Z||||||LU|||||||||||||||||||||||||V)
M0| |I-
K
IZII-||||||M
QI!
Ql
M
1|(II|!|~|!|~|!|! ! !|!|~|!|!|!|||O
LA
CD|CO
«
W|!|N||||||(0
(0|&D
&D
(0
(0| |||||||IZI|||||||||||||||||||||||||| |ILIK|||||||||||||||||||||||||||||||&D
CD| |Q
0|||||M
UI~
C C
M U||(II|~|!|!|~|!|! ! !|!|~|~|!|!|||!|!|!|!|||||||Vl
CD| |U0|Ci||||K||||||||||||||||||||||||||O
cd0| |0~ UJ
og
OZ
K cg
0~
0~
U W
U0~
Z UJ
Ow
I-gL
U 0
Oz
LII~
Li)
LL
UJ0
~o
I-~|ZI-Z0
U
(III-ZD0
UU
I-0I-
M
I-0Z|C&I
C)
C&I
IX
LLI
IQ2
ILI
U
LLI
Ci
Ci
UJ
CIZ
UJ
K
LLI|UJKDI-
CiZ
LLJ
CLX
LLI
I-0I-|UJ
IZI
I-
K
z0
CIZ
GZ
u) ~
—Lil
K—
d&
Z I-
zo
U
CC||||CD
E
&D
&D
E
CD
0
cd
V|V)
0
(B
VI 0
0
(D
&0
&D
Gl—
&D
0
c0)(A
0
E U
O
(D
0a.||||&D
&0
cd
Q)(00
(d
O
cd
&Dp&Z
O &,&
O—
o
m
(d
c
CD
O &VI
—(A
CL—Lc
(dO—
v) —CD
~ PB0
(0(0 Q3
v)
0O
VI
'(d
'0
u||(D
V&
0
O
cd
0
E
0)
0
OO
0-
VI
p
&D
0
Ud||LU
m
CD
CC
U|V&
CD
CD
&D
E
m
x
U|I-
CII00I-
—IX0
(d
O~ Q.
0 D
CO
CII||c
&D
E
(D
CD
cd
m|&0
CD0
O
CD
(d
c
cd
v)
C
'
0)
(D|&
v&
OI (D
0 O
c ~
r
&D
&D c
I—o
m
(D
E.E
0 E0||(D
c
O
m
c
LL|(0
0&
(D
m
Oc
cd
c
0
O0
!Q;|cd
0
V)(0
CD0
&D
!
O
cd
OIC
aQ||cd
cia|d
dZ
O.
DQ
tD
U
IZD0
V)
I-0I-|CD
!
(d
O
CD
(D
CD
0)
cd
V)
M0
O
0
CL0.
(0| ## ## ## |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|||| ## ## ## ## ##