## ||Page|Page|| |---|---|---|---| |Report ofthe Trustees|1|to|18| |Report ofthe Independent
Auditors|19|to|22| |Statement of Financial Activities||23|| |Balance Sheet||24|| |Cash Flow Statement||25|| |Notes to the Cash Flow Statement||26|| |Notes to the Financial Statements|27|to|36| |Detailed Statement of Financial Activities|37|to|38| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| |||Notes||||| |INCOME AND ENDOWMENTS|FROM|||||| |Charitable
activities||||||| |Education|||218,082||218,082|135,429| |Annual
General
Meeting|||465,582||465,582|218,833| |Publication
Income|||198,762||198,762|132,643| |Other trading
activities||2|298 145||298 145|291,538| |Total|||1 180 571||1 180571|778,443| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Education|||135,808||135,808|115,701| |Provision
of Publications|||62,748||62,748|59,526| |Governance
Costs|||223,496||223,496|180,183| |Annual
General
Meeting|||596344||596344|268,092| |Total|||1 018396||1 018396|623,502| |NET INCOME|||162,175||162,175|154,941| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
forward|||1,382,686|8,532|1,391,218|1,236,277| |TOTAL FUNDS CARRIED FORWARD|||1,544 861|8 532|1,553,393|1,391,218| ## ||||2022|2021| |---|---|---|---|---| |||Notes||| |FIXEDASSETS||||| |Intangible
assets
Tangible assets||10
11|49,158
1 378|54,802
1,493| ||||50,536|56,295| |CURRENT ASSETS||||| |Stocks||12||479| |Debtors: amounts
Cash at bank|falling due within one year|13|460,825
1 181,173|505,426
969,808| ||||1,621,998|1,475,713| |CREDITORS||||| |Amounts
falling due within one year||14|(119,141)|(140,790)| |NET CURRENT ASSETS|||1 502 857|1,334,923| |TOTAL ASSETS|LESSCURRENT|||| |LIABILITIES|||1,553,393|1,391,218| |NET ASSETS|||1,553,393|1,391,218| |FUNDS||16||| |Unrestricted
funds|||1,544,861|1,382,686| |Restricted funds|||8,532|8,532| |TOTAL FUNDS|||1 553393|1,391,218| ## |||||2022|2021| |---|---|---|---|---|---| ||||Notes||| |Cash flows from operating
activities
Cash generated
from operations||||199,255|46,643| |reconciling||||1|| |Net cash provided|by operating
activities|||199,256|46643| |Cash flows from investing
Purchase
of intangible
fixed||activities
assets||~7891)|~59,784| |Net cash used
in|investing
activities|||~7891)|~59,784)| |Change
in cash|and cash|equivalents|||| |in the reporting|period|||191,365|(13,141)| |Cash and cash equivalents||at the|||| |beginning
ofthe|reporting|period||969808|982,949| |Cash and cash equivalents||at the end|||| |of the reporting|period|||1 161173|969,808| |RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES| |---|---|---|---|---| ||||2022|2021| |Net income for the|reporting|period (as per the Statement of||| |Financial Activities)|||162,175|154,941| |Adjustments
for:||||| |Depreciation
charges|||13,649|7,649| |Loss on disposal
of|fixed assets|||2,520| |Decrease
in stocks|||479|| |Decrease/(increase)|in debtors||44,601|(165,813)| |(Decrease)/increase|in creditors||~21649|47,346| |Net cash provided|by operations||199255|46,643| ## ||At 1/1/22|Cash flow|At 31/12/22| |---|---|---|---| |Net cash|||| |Cash at bank|969808|191365|1,161,173| ||969808|191365|1 161173| |Total|989,808|191365|1 161173| ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| |Subscriptions
Interest Receivable|||295,825
2,320|291,444
g4| ||||298 145|291538| |INCOME FROM CHARITABLE ACTIVITIES||||| ||||2022|2021| ||Activity|||| |Pelvic Floor Society
Coloproctology
motorway|Education||71,851|42,023| |course
Dukes' Club
Other meetings
Publication
income|Education
Education
Education
Publication|Income|89,592
38,898
17,741
198762|22,644
35,356
35,406
132,643| ||||882 426|486,905| ## ## |||||Support|| |---|---|---|---|---|---| ||||Direct|costs (see|| ||||Costs|note 5)|Totals| ||Education||135,808||135,808| ||Provision of Publications||62,748||62,748| ||Governance
Costs|||223,496|223,496| ||Annual
General
Meeting||596344||596344| ||||794900|223496|1018396| |5.|SUPPORT COSTS||||| |||||Governance|| ||||Management|costs|Totals| ||Governance
Costs||668|222,828|223,496| |6.|NET INCOME/(EXPENDITURE)||||| ||Net income/(expenditure)|is stated after charging/(crediting):|||| |||||2022|2021| ||Auditors'
remuneration|||15,331|14,125| ||Depreciation
- owned assets|||115|147| ||Deficit on disposal
of fixed assets
Computer
software
amortisation|||13,535|2,520
7,502| ## ## ## ## ## |8.|STAFF COSTS|||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||2022||2021| ||Wages and salaries
Social security costs
Other pension costs|||||||78,998
3,807
14,354||73,329
3,840
11915| |||||||||97159||89,084| ||The average
monthly|number|of employees||during|the year|was as follows:|||| ||Administration|||||||2022
2||2021
2| ||No employees
received emoluments|||in excess of||260,000.||||| ||COMPARATIVES
FOR THE STATEMENT||||OF FINANCIAL||ACTIVITIES|||| ||||||||Unrestricted|Restricted||Total| ||||||||fund|funds||funds| ||INCOME AND ENDOWMENTS||FROM|||||||| ||Charitable
activities|||||||||| ||Education
Annual
General
Meeting
Publication
income||||||135,429
218,833
132,643|||135,429
218,833
132,643| ||Other trading
activities||||||291,538|||291,538| ||Total||||||778,443|||778,443| ||EXPENDITURE ON|||||||||| ||Charitable
activities|||||||||| ||Education
Provision
of Publications
Governance
Costs
Annual
General
Meeting||||||115,701
59,526
180,183
268,092|||115,701
59,526
180,183
268,092| ||Total||||||623,502|||623,502| ||NET INCOME||||||154,941|||154,941| ||RECONCILIATION
OF|FUNDS||||||||| ||Total funds brought
forward||||||1,227,745|8,532|1,236,277|| ||TOTAL FUNDS CARRIED FORWARD||||||1,382,686|8,532|1|391218| ## ## |INTANGIBLE FIXEDASSETS|| |---|---| ||Computer| ||software| |COST|| |At 1 January 2022|59,784| |Additions|7 891| |At 31 December 2022|67675| |AMORTISATION|| |At 1 January 2022|4,982| |Charge for year|13535| |At 31 December 2022|18517| |NET BOOK VALUE|| |At 31 December 2022|49,158| |At 31 December 2021|54,802| ## |TANGIBLE FIXED ASSETS||||| |---|---|---|---|---| ||Fixtures|||| ||and|Chain of|Computer|| ||fittings|Office|equipment|Totals| |COST||||| |At 1 January 2022 and||||| |31 December 2022|~2329|~4064|889|~7282| |DEPRECIATION||||| |At 1 January 2022|2,109|3,116|564|5,789| |Charge for year|34||81|115| |At 31 December 2022|~2143|~3116|645|5,904| |NET BOOK VALUE||||| |At 31 December 2022|186|948|244|1,378| |At 31 December 2021|220|948|325|1,493| ## |12.|STOCKS||||| |---|---|---|---|---|---| |||||2022|2021| ||Stocks||||479| |I3.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||| |||||2022|2021| ||Trade debtors
Other debtors
Accrued income|||66,052
198,762
10,603|24,776
132,643
20,683| ||Prepayments|||185408|327,324| |||||460 825|505,426| |14.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||| |CREDITORS: AMOUNTS
FALLING DUE WIT|HIN ONE YEAR|| |---|---|---| ||2022|2021
f| |Trade creditors
VAT
Accrued expenses|9,299
43,366
66,476|73,846
15,075
51889| ||119141|140,790| |ANALY|SIS OF NET ASSET|S BETWEEN FUNDS|||| |---|---|---|---|---|---| |||||2022|2021| |||Unrestricted|Restricted|Total|Total| |||fund|funds|funds|funds| |Fixed assets
Current assets
Current
liabilities||50,536
1,613,466
~119141)|8,532|50,536
1,621,998
~119141)|56,295
1,475,713
~140,790)| |||1,544,861|8532|1 553,393|1,391,219| ## |MOVEMENT
IN FUND|S|||||| |---|---|---|---|---|---|---| ||||||Net|| ||||||movement|At| |||||At 1/1/22|in funds|31/12/22| |Unrestricted
funds||||||| |General
fund||||1,382,686|162,175|1,544,861| |Restricted funds||||||| |Laparoscopic
Colorectal Surgery
Busaries
Scottish Chapter||||7,532
1 000||7„532
1000| |||||8,532||8,532| |TOTAL FUNDS||||1 391,218|162175|1,553393| |Net movement
in funds,|included||in the above|are as follows:||| |||||incoming|Resources|Movement| |||||resources|expended|in funds| |Unrestricted
funds||||||| |General
fund||||1,180,571|(1,018,396)|162,175| |TOTAL FUNDS||||1160571,|,~1018,396)|162175| |Comparatives
for movement||in|funds|||| ||||||Net|| ||||||movement|At| |||||At 1/1/21|in funds|31/12/21| |Unrestricted
funds||||||| |General
fund||||1,227,745|154,941|1,382,686| |Restricted funds||||||| |Laparoscopic
Colorectal Surgery
Busaries
Scottish Chapter||||7,532
l,000||7,532
1,000| |||||8,532||8,532| |TOTAL FUNDS||||1,236,277|154,941|1,391,218| ## |Comparative|net movem|ent
in funds,
included
in t|he above|are as follows|:|| |---|---|---|---|---|---|---| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |Unrestricted|funds|||||| |General
fund||||778,443|(623,502)|154,941| |TOTAL FUNDS||||778,443|{623,502)|154,941| |A current year 12 months||and prior year 12months|combined|position is as follows:||| ||||||Net|| ||||||movement|At| |||||At 1/1/21|in funds|31/12/22| |Unrestricted|funds|||||| |General
fund|||1,227,745||317,116|1,544,861| |Restricted
funds||||||| |Laparoscopic
Colorectal
Busaries
Scottish Chapter||Surgery||7,532
1,000||7,532
1,000| |||||8,532||8,532| |TOTAL FUNDS|||1,236,277||317,116|1,553,393| ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| |Unrestricted||funds|||| |General|fund||1,959,014|(1,641,898)|317,116| |TOTAL|FUNDS||1,959,014|~1,641,898)|317,116| ## ## ## ## ## ##