# ## ## ## ## ## ## |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| ||||||VJ0C
LL||O
N
IO
N
O
Ql|CLJ|CO
CO
N
Ol
CO|Nr&COC
CIJ N
LA ll N
CO COCO NIO
IO
I
O Ol
LA
LA|Nr&COC
CIJ N
LA ll N
CO COCO NIO
IO
I
O Ol
LA
LA|Nr&COC
CIJ N
LA ll N
CO COCO NIO
IO
I
O Ol
LA
LA|Nr&COC
CIJ N
LA ll N
CO COCO NIO
IO
I
O Ol
LA
LA|Nr&COC
CIJ N
LA ll N
CO COCO NIO
IO
I
O Ol
LA
LA|OJN
~ C)
N
C,- CO
CI)|OJN
~ C)
N
C,- CO
CI)|W
lp
CJ)|CIJ
LA
r||Cd Ol~
IO OJg
C ro
Wrr|Cd Ol~
IO OJg
C ro
Wrr|LA
CO
I
I|LA
CO
I
I|W
CO
l|N VJ
ION
N
CIJ
IA
CO
I|N VJ
ION
N
CIJ
IA
CO
I|C9
Cd
N
r|CO
CI
lA
Ol||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||0
I—||CI|||||||||||||||||||||||| ||||||ID
'0
C
LJ.||rOJN
N
Dl
CD
IO|||CD N
IA ID
COJI
~Q'
LA
l-||JI
ID IQ' Cl
IA N 0)
LDLAr8
N
Cll
JI
LA
CIJ
LA|||||CO IO
Ra
Dlr|||g IDO)
CD CQ~
Chr
LA"
CO r||IAl|||IA ID
CJ CJ
r5
IQ'
LA
l-r||DI
Ol
CIJ
CO
N|g
S|CI
IA
N|| ||||||0I-|||||||||||||||||||||||||| ||||||Qlo
IOCI||VJ
Vl0o|GJ||~|I|I|I|I|I|I|I|I||CO CIJ
Dlr
CO l|r
LA|LA
l|||LA/
~Q'
LA
r r||Cb
CO
N|CD
CO||| ||||||QJ|||||||||||||||||||||||l||| ||||||0Q|||||||||||||||||||||||||| ||||||IQ||0l|OJ|Cd
DI0||||||||||N
DI
Cl|~
I|I||I|I|I|~|I||N
CJI
C)|| ||||||CC||Qle
E||Cd|||||||||||||||||||||| ||||||»0
C0
VJ||"
C0
Id0|OJ||||I|IO
N
IA
Ol
IA|~||||||~
I|I||I|~|I|I|I||ID
Ol
IA|| |OZ
IL:|||||0
CL||Zl
CL
C
0|OJ||CD
IA
ID|Nh.
ID LA
N ID||I|g
v|Cl
IO|I|CO
Ch
N|IO
IO
IO|l
CO
Dl|~
I|I||I|I||I|I||l
CO
Dl|0
Vl000
Ql| |OZ|||||||Ido|||~Q'
r|IA|Cd||h|LA
I||DI|r|IA
ll||||||||||LA
Il|CL| ||||||||LLJ|||||||||||||||||||||||| |Z||||||||||||||||||||||||||||||Ql| |||||||||||||||||||||||||||||||Ql| |I-
K|||||||VJ
eI
Id|CLJ|I|I|I|I|I|I|I|I|I|I||I
I|I||I|I|I|I|I|||VJ| |CCII-|||||||VJ|||||||||||||||||||||||Ql| ||||||||CCL|||||||||||||||||||||||Ql| |IX6
0
00|O|||||Vlm
Vl
c
VJ LL
Id
CL:||CLJ|I|I|I|I|~|I|I|I|I|I||I
I|I||I|~|I|I|I|||VJ
QJ
Ido
0
'0| |||||||||||||||||||||||||||||||Ql| |Q~ LU
o~
p I-
CL."cQ;
o~
Qo~
p
CCI
ZO
Og
I-g
pW
0
Co
u) +
~ CL
LU0
+O
I-~|DzI-Z0O
MI-ZD000
ZI-0I-
M
I-0Z|CLLO
CLL
CL:
LLI
LLIO
LLIO
l
O
LLIOZ
LU
CL:
cC
LU|LU
ILL
I-
CC
LU cC
D~o
I-02
by
25
LUZ
~-u)
X V)
LLI
LU~—
&o&
I ZP
pzO
I
LL cC||||||C
e
0
5
CC|2
O
=
Ql
~
I-|vl
QJ
e
E
dl
0|e
Ql
g
VI
Ql
O
Id
e
Ql
gp&M»
o Q, IQ o &,
O.O
CL VJ O 0 e
0 —Co e
—E
O
CL—CC
5 —CLVJ»
)
Vl '0& e p e
Q-
dO~)re
e 0 0 0 0
CL Cn
CJJ
CCJ Oa O|||||||IQ0
CJJ|0o
CA
e
'd
Qo-~
C c
I- e
Id
Oe
CC E
Pl c
CL c e
Id e
CA X W|PJ
Ql
0 o
c 2
0 e
g
Vl
I- o
C
Id
VJ
E.E
p E
8|||ItI
IE|ee
IQC
Id .
VJ
Ql0
VJ
Id
CL VJ
C~ 8
e
& ~e5|||Id
CJJ|CI
Oz
CA
O
CC
0
CA
LLJ
CC
I-0I-|p
Cd
o
Ql
Ql
Ql
Xl
Ql
IQ
Vl
Vl
8
0
CL
CL
(fJ| ## ## |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|