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2021-12-31-accounts

Trustees
Annual
Report		 Trustees
Annual
Report
Statement
ofTrustees'		 Responsibilities 22
Independent
Auditors'		 Report 23-24
Statement
of Financial		 Activities 25
Balance Sheet 26
Cash Flow Statement 27
Notes to the accounts 29

as restated
Unrestricted Restricted Total Total Funds
Funds Funds Funds Year to
Year to Year to Year to 31 Dec 20
31 Dec 21 31 Dec 21 31 Dec 21
Note P
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 65,157
Charitable
activities
Education 135,429 135,429 52,764
Provision
of publication		 132,643 132,643 128,343
Annual
General
Meeting		 218,833 218,833 61,059
Other trading
activities		 291,444 291,444 274,859
Investment
income		 94 94 904
TOTAL INCOME 778443 778443 583,086
EXPENDITURE ON
Raising funds
Charitable
activities:
Bursaries
Education 115,981 115,981 90,805
Provision
of publications		 59,526 59,246 59,248
Annual
General
Meeting		 268,092 268,092 189,288
Governance
costs		 180,183 180,183 164,181
BDRF net 155,417
TOTAL EXPENDITURE 623502 623502 655,939
NET INCOME/(EXPENDITURE) 154,941 154941 (72,853)
Subsidiary
demerger		 14 273,833
Net Movement
in funds		 154,941 154,941 (346,686)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 1,227,745 8,532 1,236,277 1,582,963
Total funds carried forward 1 382,686 8,532 1,391218 1,236,277

as
restated
2021 2020
P.
Cash flows from operating
activities
Cash generated
from operations		 46,643 (75,431)
Interest Paid
Net cash
operating		 provided
activities		 by (used in) 46,643 (75,431)
Net cash provided by (used in)
Investing activities
Purchase of fixed assets (59,784) (449)
Change in cash and cash
equivalents
in the		 reporting (13,141) (75,880)
period
Cash and cash equivalents at
The beginning
of the reporting		 982,949 1,058,829
period
969,808 982,949

as
restated
2021 2020
Net income for the reporting period (as
per the statement of financial activities) 154,941 22,567
Adjustments
for:
Depreciation
charges		 7,649 3,509
Loss on asset disposal 2,520
Current assets less current liabilities:
Decrease
/ (increase)		 in debtors (165,815) (104,234)
Increase
/ (decrease)		 in creditors 47,348 2,727
46,643 (75,431)

Computer equipment 25% reducing balance
Office equipment 15%reducing balance
Exhibition stand 15%reducing balance
Chain of Office & Medal Dies 20% straight line

ONATION S
AND LEGACIES
2021 2020
Donations (from trusts, events, private companies, individuals, etc) 65,157
65,157
THER TRADING ACTIVITIES
2021 2020
Subscriptions 291,444 274,859
291 444 274,859

2021 2020
94 904
94 904

COME FROM CHARITA BLE ACT IVITIES
2021 2020
Activity F
Pelvic Floor Society
Coloproctology
motorway
Dukes' Club		 course Education
Education
Education		 42,023
58,000		 5,500
650
29,189
Other meetings
lleal Pouch		 Education
Education		 35,406 2,425
15,000
Publication
Income
Annual
General
Meeting		 Provision
of Colorectal journal
Annual
General
Meeting		 132,643
218,833		 128,343
61,059
486 905 242,166
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NOTE S TO THE ACCOUNTS CONTINUED S TO THE ACCOUNTS CONTINUED
YEAR ENDED 31 DECEMBER 2021
8. GRANTS PAYABLE TO INSTITUTIONS
2021 2020
P
Bowel Research
UK		 15,000 30,249
9. NET INCOMING/
(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting) 2021 2020
Auditors
remuneration		 11,625 12,752
Auditors
remuneration		 for non-audit work 2,500 2,500
Depreciation
—owned		 assets 7,649 3,509
Loss on asset disposal 2,520

There wer
ended 31		 e no trustees'
remuneration
or other benefits
December 2020.		 for the year ended 31 December 2021 nor t he year
2021 2020
Trustees' expenses 2,340 1,669

STAFF COSTS
2021 2020
Wages and salaries
Social security costs
Pension costs		 73,329
3,840
11915		 79,91
I
5,127
12,273
89084 97,311
The average
monthly		 number of employees during the year was as follows:
2021 2020
Fundraising
and administration
The key management for the charities comprise of the Trustees, CEO, and co-ordinators.

NTANGIBLE FIXEDASSETS
Software
&Website
COST
At 1 Jan 2021 12,600
Addition
Disposal		 59,784
~12,800
At 31 Dec 2021 59,784
DEPRECIATION
At1 Jan 2021 7,560
Charge for the year
Disposal		 7,502
~10,080
At 31 Dec 2021 4 882
NET BOOK VALUE
AT 31 DEC 2021 54 802
AT 31 DEC 2020 5,040

TANGIBLE FIXED ASSE TS
Office Computer Office &
Equipment equipment medal dies Total
COST
At 31 Dec 2021 2329 889 4,064 7,282
DEPRECIATION
At1 Jan 2021 2,070 456 3,116 5,642
Charge for the year 37 108 147
At 31 Dec 2021 2,107 564 3 116 5789
NET BOOK VALUE
AT 31 DEC 2021 222 325 948 1 493
AT 31 DEC 2020 259 433 948 1,640
(b) CHARITY
NET BOOK VALUE
AT 31 DEC 2021 220 325 948 1 493
AT 31 DEC 2020 259 433 948 1,640

2021 2020
P
AGM 2024 8
AGM 2023 &		 2025 Prepaid expenses
2024 Prepaid expenses		 53,966
21„177		 15,831
15,831
AGM 2022 Prepaid expenses 231,402 33,561
AGM 2021 Prepaid expenses 73,179
Trade debtors 24,776 6,583
Prepayments and accrued income 41,464 82,116
Other debtors 132,643 128,343
505428 339,613

2021 2020
Deferred income 25,512 31,898
Accruals 26,358 43,404
Trade creditors 73,847 7,189
Other taxation 15,075 10,953
140792 93,444

RESTRICTE D FUNDS
Balance at Incoming Resources Transfers Balance at
1 Jan 2021 resources expended between 31 Dec 2021
funds
R P
Laparoscopic Colorectal Surgery 7,532 7,532
6ursaries
Scottish Chapter 1 000 1,000
8532 8532

NALYS IS OF NET ASSETS BETWE EN FUNDS
Restricted General 2021 2020
Funds Funds
Fixed assets 56,295 56,295 6,680
Current assets/liabilities 8,532 1,326,391 1,334,923 1,229,597
8,532 1 382,686 1 391,218 1,236,277

The
following
assumptions
iabilities:		 were
used
to as		 sess
t		 he past service
funding
p		 osition
and
future		 service
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
(RPI)		 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

YEAR ENDED 31 DECE MBER 2021
as restated
Year to Year to
31 Dec 21 31 Dec 20
INCOME
Donations 65,157
AGM Income 218,833 61,059
Subscriptions 291,444 274,859
Publication
income		 132,643 128,343
Pelvic Floor Society 42,023 5,500
Coloproctology motorway course 650
Dukes' Club 58,000 29,189
Other meetings/income 35,406 2,425
Ileal Pouch 15,000 15,000
Bank interest
receivable		 94 904
Total Incoming Resources 778,443 583,086
EXPENDITURE
Charitable
activities
Annual
meeting
Subscription
to		 colorectal disease 268,092
59,526		 189,288
59,248
Surgical Specialty Lead 7,134 5,027
Travel fellowship 14,850 6,832
Bowel Research UK 15,000 30,249
Pelvic Floor Society 32,657 10,857
Coloproctology motorway course 6,232
Dukes' Club 39,298 19,534
Chapter meetings 1,000 1,543
Other meetings 5,762 7,621
443,319 336,341

as restated as restated
Yearto Year to
31 Dec 21 31Dec20
Support
&Governance
Costs
Auditors
remuneration		 14,125 15,252
Professional
fees		 15,706
Payroll
& VAT services		 4,218 4,642
Travel and meeting expenses 11376 10,975
45 425 30,869
Management
Wages and salaries 89084 97,113
Information
technology
Computer
maintenance		 3,621 6,357
Website expenses 1 558 2,829
5179 9186
Administrative
services
Administration
services		 9,552 8,488
Postage and stationery 2,086 1,114
Telephone
and conference calls		 3692 5,492
15330 15,094
Finance costs
Credit card charges 20 390
Bank charges 964 705
984 1,085
Other costs
Sundry costs 500 708
Subscriptions 2,495
Bad debts 2,532
Depreciation 7,649 3,509
Loss on asset disposal 2,520
Insurance 8485 6,617
24 181 10834
TOTAL SUPPORT COSTS 180,183 164,181
BDRF net 155,417
TOTAL EXPENDITURE 623,502 655,939
NET INCOMING/ (OUTGOING)
RESOURCES FOR THE YEAR 154941 72853