TPbe HonorcLry Treasurers FonLm ANNUAL REPORT AND ACCOUNTS 2022
TRUSTEE5 ANNUAL REPORT For the year ended 31" December 2022 REFERENCE AND ADMINISTRATIVE DETAILS Name: The HonoraryTreasurers Forum {Yhe Forum") Charity Re8iStration Number". 1118802 Trustees: BRUCE GORDON, CHAIRMAN HEATHER LAMONT PROFESSOR PAUL PALMER GRAHAM SPOONER NICOLA SILVERLEAF. HONORARY TREASURER DAVID ROWE Chief Executive: RICHARD WILLIAMS Principal Office and Administrative Address: clo CENTRE FOR CHARITY EFFECTIVENESS BAYES BUSINESS SCHOOL (FORMERLY CASS} 106 BUNHILL ROW LONDON ECIY 87Z Independent Examiner= SIMON MOLLErr. PhD. ACA {Re-appointed 27th March 2023) Bankers: THE CO-OPERATIVE BANK
CHAIRMAN'S OVERVIEW The Honorary Treasurers Forum is the primary source of professional development and sharing of ideas, challenges and solutions for Treasurers and Chairs of Finance Committee5. The Forum is the only org3nisation that focuses wholly on the needs of the Trustees who assist directly in f inancial matters, supporting them to enhance their conf idence and helping them to be better at what thev In 2022, with the impact of Covid diminishing. but with increased cost and rising inflation, the Forum maintained its transformation to a hybrid mix of events. During 2022 we again held ten events with two, the summer reception hosted by Rathbones, 2 corporate member, and the annual investment market overview by our sponsor UBS, returnin8 to face-to-face. The schedule of events provided practical support and access to resources that enable Treasurers to carry out their vital role. The WhatsApp group continued to grow with most new Forum members opting to take part. This vibrant and valued channel of communications has been very attive over the year, providing advice. guidance and views on a host of queries and comments on issues that impart on the Treasurerf5 function. The website continues to be frequently accessed, making available for download free resources such the ever-popular Treasurers Handbook and summaries and presentations of the virtual events that have taken place. Members can also ask for recordings of the virtual events whenever possible. The transforrnation into a digitally focused organi53tion has Meant that our overhead eosts have been contained and 3Ctivity has been focused on the needs of the growing membership.we are very grateful for the continued sponsorship from UBS, who have maintained their support despite all the uncertainties. We also much appreciate the support of our 24 corporate members, who are listed on our website and feature regularty in our 6 weekly member and non-member email newsletter.. a number ran both our virtual and face-to-face events. We are a5s0 especially grateful to the eminent spe3kers who gave their time and expertise and without whom we wouldn't be able to provide such a successful and interesting programme of events. Richard Williams. CEO, continued the development of the Forum and maintained progress. He receives a modest payment for his service which does not reflect the additional time he spends, effettively as a volunteer, that has enabled the Forum to maintain its growth. We estimate that at his usual rate this would have again amounted to an additional £10,000. Membership showed modest growth of 7% since January 2022, a 77% increase Since July 2020 when new membership recruitment initiatives were introduced. Forum Members now support just over 750 charities 40% of which have 3n income of over £IOO,OW. The WhatsApp group has 138 members and, with 24 corporate members. the financial position has stabilised, despite an increzse in administration costs as we moved from volunteer support to a part-time contr3Ct. The individual membership. corporate membership and the vital UB5 sponsorship ha5 helped us to provide support, advi, and a vibrant community to our members in an increasingly uncertain and difficult operating environment.
Our member and non-member newsletter distribLrtion increased to over 1.900 subscribers and we have progressed the collettion of more data on the reach and impact of the Forum members. I would like to thank my fellow Trustees and volunteers for the time, help and support they have given the Forum in a difficult year for all. I would especialty like to thank Nicola Silverleaf our Treasurer, Helen Goodchild our previous volunteer administrator and R02 Bott our current administrator for their enthusiasm and loyalty and to thank Richard Williams for his commitment and pport in maintaining the Forum at its new level. Bruce Gordon Chairman 12" June 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT The Honorary Treasurers Forum is a charity governed by a Trustee Deed dated 19 March 2007. Its object is: "to Gdv(Jnce the educotion infinanciol monogement of those who ore responsiblefor those looking uftercharities'finonces." Membership of the Forum is open to all Treasurers and those Trustees principalw responsible for the finance in the voluntary sector. The organisation strutture of the Forum is simple. The Trust Deed requires there to be at least three Trustees and no more than ten. At the end of 2022 we had six Trustees supported by a part-tirne Chief Executive and a small number of volunteers. The Trustees meet routinely as a 8oard at least four times 3 year. when strategic decisions are taken. minutes approved, and other routine business dispatched. Attendance is usually l(M)%. This year our meetings were held virtually over Zoom but we plan to return to factrto-face meetings in 2023. Trustees are recruited and appointed by the Board and flect the range of skills, knowledge and experience required to run the Forum effective. All the Forum's Tnjstees are either Treasurers in their own right or work Close with the Treasurers or DIttOr5 of Finance in Charities. The normal term of office for a Tnjstee is three years, but Trustees can be reappointed and serve up to a further five terms. Induction is gDien to all new Trustees including briefing meetings with the CEO and Chair on roles and responsibilities and an overview of the Trust deed. the decision-making processes, the strategic implementation plan, policies and recent financial performance of the Forum. PUBLIC BENEFIT The Trustees confirm that they have complied with the duty in section 17 of the Charities Art 2011 to have due regard to the Charity Commissioners. general guidance on public benefit. "Charities and Public 8enefiY'. The Trustees ensure the chanws purpose is carried out for the public benefit by delivering services that are valued by members and promote strong financial management and control. Services include members, meetings and online events, regular email newsletters, a WhatsApp group. the website with online resources, research and engagement with the sector into aspetts of finance in charities. hosting a Treasurer vacanry board, and general networking. The Forum is open to all Trustees= those who currently, in the recent past, or expect in the near future to take on the important role of a TreaSUr in a charity or to have responsibility for financial matters. Members pay a small annual fee, currently set at £35. Attendance at the Forum meetings, either digitally or in person, continued to be free in 2022. The Forurn actively helps charities to maximise use of their resources and make a greater impart for all their benef iciaries.
FINANCIAL REVIEW The Forum has always had a simple operating model. with few outgoings. and does not undertake artivities unless they are funded in advance. Accounting CordS are kept using Xero and annual invoicing has improved control over billing and debtors. Earlier years, financial reviews have reported how the income generation strategy moved Steadi towards less reliance on major sponsors to more effective eng2gement with Corporate Members. combined with an increase in genera5 membership. In 2022 the positive results of these changes continued to be apparent, with only a small turnover in Corporate Member numbers. We are completing a review of membership numbers and continue to remove lapsed membe from the roll, changes which primarily reflert the retirement of long-standing Tre3surers from a number of charities. The annual subscription has been maintained at £35 since 2020 and cost has not been cited as a reason for ceasing membership. Although initially prompted by the Covid pandemic. our move to online events continued, meaning that Costs could be contained. A much MO digitally-focused oaniSation has increased the number of online events offered free to members with only a modest increase in website costs. The two fa-to-faCe events in 2022 were funded by UBS and Rathbones. at no cost to the Forum. Reported in more detail under achievements and artivitie5, the website continues to be a key marketing tool and resource for members. We outsource its ongoing updating and enhancement, the cost of which is proportionate to the increasing activity, especially on the popular Treasurer vacancy board. When funds allow, we plan for a new membership system and website, to support anticipated growth in members. The Statement of Financial Artivities is set out on page 12. Total income of £32,51012021.. £37.1851 comprises corporate and individu21 memberships and a major sponsorship from UBS which is shown as a donation. Oonation5 also include notional amounts to reflect the equivalent cost of support provided to the Forum, as set out in note 5. In 2022 these costs include the services of our part-time administrator, Helen. provided to the Forum by Thames Valley Capital until her retirement in March 2022. plus other support services and facilities provided free of chae totalling £4.750 12021.- £9.7501. Following Helen's retirernent. the services of Roz Bott. a professional administrator 3nd bookkeeper and an individual member of the Forum. were contracted, ducIng the subsidy from TVC but incrèasing the c35h cost of administratrve support. This explains the apparent reduction in income which, excluding donated support, in fact remains steady. Total resources expended were £27,17912021: E27.1141 including a nTh)Jest payment of £13,500 under contratt to the Forum's part-time Chief Executive. Most other costs relate to maintenance and updating of the website and to administrative support. The financial statements show a surplus of £5.331 12021-. £10,071), a year of consolidation. Membership income is stated. as usual, after deferring amounts billed to new members who joined after l October 2022. A5 an incentive to join. even if late in the year. our policy is to extend new memberships to cover the following calendar year- to avoid accounting complexity this income is deferred in full. As with other membership organisations working on an annual cycle. all income falls due at the beginning of the year, so cashflow is easy to pred
The Forum's bankers are the coperative Bank, refletting a high standard of corporate responsibility. RISK The Trustees have active considered the risk5 to which the Forum was exposed during 2022 and 3re satisfied that systems, including appropriate intemal contro15, are in place to minimise or mitigate them. A risk re8lSter is maintained and reviewed in detail annually,. the major risks and their inter-relationships being monitored at the intervening Trustee Meetings using a risk map. Risks considered include loss of income or key personnel and have addressed potential injury to members when events are held in person. Although the administrative team is small, roles can be covered in the case of absence. which also improves internal control. The continuing surplus in 2022 allowed reserve5 to build further. RESERVES POLIL At the end of 2022 reserves. all of which were unrestricted. stood at £17,662.12021 £12,330). Before the Covid pandemic the Trustees vieWed reserves policy and at that stage agreed that reserves should continue to be maintained at between three and six months, operating expenditure.. this would allow all planned Forum meetings in a normal year to be fulfilled, which is still the case. Reserves now sr( marginally above the top of this range, but the planned continuation of the reduction in overhead cost subsidy means that costs are likely to increase. All held in cash. and with minimal working capital, the Trustees consider that the reserves level provides a sound basis from which to develop the Forum further, especially given the continued positive outlook for income in 2023. The Forum's three-year strategy is due to be refreshed during 2023, following which the Reserves Policy will be revisited. It is like that plans for continuing expansion, improvements in operational efficiency and supporting IT infrastructure will involve the expenditure of some reseNes. A1VITIEs AND ACHIEVEMENTS DURING 2022 The Forum's developed hybrid programme consisted of eight online events and tjvo physical meetings in London. The transformation to a hybrid events model to maintain our support has enabled the Forum to appeal to a much wider geogr3phic31 and diverse membership. It is testament to Trustees, our CEO and administrator that, given our very finite resources, we have implemented and maintained the increase in activity. Most meetings had an average of 30 attendees and some twice that number. Given the accessibility of online seminars, and the Jttraction to members from a much wider geographical and youn8er audience we will continue to build on this in future membership drives in 2023. The events and Seminars hosted on Zoom and face-to-face, with artive participation bv attendees were as follows=
27th January- Edentree-'The Importance ofthe'S' in ESG" Zoom. 17th February- UBS-"How to make better decisions- Unconscious bias" _ Zoom. 3rd March- Xledger--Choosing the right finance software for your chariW' Zoom. 21st April- ACIE--Independent Examination- Who, When and What" Zoom. 26th May- RSM -"Mana8ing risk in uncertain times" Zoom. 30th June- U8S-'Yhe impact of DNersity & inclusion in the workplace" Zoom. 21st July- Rathbones-"Summer Reception" Hosted by Rathbones- Face-to-face. 22nd September- Trustees Unlimited - Yhe opportunities and challenges in the relationship between Treasurers and non-financial trustees" Zoom panel event. 20th October- UBS-"Annual investment market overview & brief update on the Butler Sloss judgment- Hosted by UBS- Face-to-face. 13th December- HW Fisher- hat should be keeping Honorary Treasurers awake at night" Zoom. The feedback for each event has been very positive but numbers have varied. As noted in the Chairman's review, our CEO Richard has now suc53fUllY maintained the new strategies for events and attracting new corporate and individual members. Individual membership increased to over 340, each paying the modest annual subscription of £35. Our mailing list continued to grow slowly but steadily, primarily due to the ongoing relevance and interest in the Honorary Treasurers handbook but also thanks to the free Treasurer advertisement facility on our website and the more frequent memtEr and non-member newsletters. We now carry many Treasurer opportunities, some of which result in new members joinin8. We have also experimented with charging a small fee to Charity recruiters, which helps us to publicise the Forum. During the year, we progressed our initial research to verify the reach and impact of our membership. albeit slower than hoped due to the limited availability of volunteers and our capacity to support them. Using research from 2020 as the basis, we were able to conf irm that, at the very least, 750 plus charities are supported by individual members. many of whom act in 3 financial capacity to more than one charity. As for many other umbrella charities. this has once again been an exceptional year as we continued the hybrid events programme and became more digital in our communications. The digital strategy report undertaken in 2020 identified some areas in which the Forum might improve its digital presence and impact. which we intend to implement in 2023. We are extremely grateful to our main sponsor UBS who continued to provide important support to the Forum, our members and to the host of large and small charities they support. A highlight in Ortober was the annual UBS investment market overview presented by Dean Turner. The Corporate Membership pro8ramme has also developed and diversified considerably. By December 2022, despite some resignations. we were proud to have 24 corporate members who help the Forum to SilPPOrt our members by bringing a wide range of expertise, knowledge and
advice. The event calendar increasingly draws on corporate members, who all operate in areas of relevan to charity Treasurers, to speak on salient topics. Thznks to the generous support of UBS and the corporate rnembe, the Forum was able to develop the WhatsApp Honorary Treasurers Forum Group. Ably administered and moderated by Olga Vysotska, a volunteer member to whom we are indebted, the group increased by 30% in size to 138 members at the end of the year. It is a vibrant. immediate, and valuable way for members to ask questions, raise challenges, and gain a range of advice and opinions in a confidential way from fellow practitioners. A range of topics have been discussed. reflecting the core current concerns about pay rises, the cost of Iwing and inflation. During the year there has also been a focus on reserves, banking, investment. volunteer expenses and a whole host of topics, highlighted in the newsletters throughout 2022. Under Richard's editorship. we maintained the size and frequency of our member e-mail newsletter which now goes out every six weeks- an abridged version now reaches 1,600 supporters. from whom new members have been drawn. Trustees have represented the Forum at a number of events and are asked to provide expertise at seminars and round tables. The Chief Executive and the Trustees are very pleased that our membership growth continues Jnd that consequently we are in a good financial position. Despite, or perhaps because of. the pandemic and now economic uncertainties, the number of TreaSUrS and Chairs of Finance Committees contacting us has increased. as has member engagement. We are still optimistic that the future will see an even bigger Forum in the coming years with enhanced services, reputation. and profile. FUTURE PLANS Our plan for 2023 is to continue with the hybrid blend of physical and virtual events, to maintain and grow the engagement of members and increase our campaigning funrtion: our ambitious aim is to have a total of 420 members by the end of 2023. If 311 goes well, we plan to run up to 11 events including two in person in July and October. Such face-to-face events would be hosted by our sponsor and a corporate member. We still aim to improve our digital profile, building on the Wh3tsApp group and the use of other social media. With this in mind, we intend to set up and maintsin a Linkedln presence and use online surveys to understand our members, needs better. With additional administrative support we will be able to focus on rllore strategic developments such as the proposed membership campaign, Source funding to develop the website with an integrated membership sVStem and continue to look for sponsorship to help publish a revised. updated and digitally accessible Treasurers, Handbook. This will help to achieve many of the medium-term objective5 highlighted in the 2021 accounts.
The focus will be on a struttured membership campaign. The plan is to launch during 2023 and is likely to include.. lrnproving our online digital profile. Working in partnership with other infrastructure bodies to highlight the Forum. Working with federated charities to encourage membership. Asking our corporate members to publicise the Forum to their staff and to clients who might be or are interested in becomin8 Treasurers or trustees. Asking all members to encourage members of their network to consider joining the Honorary Treasurers Forum. Placin8 editorial type pieces in Linkedln for reposting by trustees and connections. Placing pro bono adverts in sector news media. Developing relationships with foundations and other potential funders to subsidise the first year of individual members. allowing us to reach out to Treasurers from less advanta8ed groups and charities as well as to develop our IT infrastructure. Building a sustainable model for administrative support, using technology, and relying less on volunteers for core tasks. To achieve these objertives, the Forum needs to maintain the curnt, more sustainable, funding mix including membership fees, corporate member income, sponsorship, grant funding and individual donations. Having moved from reliance on donated setvices to support our irnfrastructure, funds permitting, we aim to continue to investigate further automation of our membership and administrative processes. MEMBERSHIP OFTHE FORUM The Forum is open to those who current. in the recent past, or expect in the near future to, take on the important role of Treasurer in a charity. Anyone wishing to join the Forum should contact us by email at: info@honorarytreasurers.org.uk.
TRUSTEES, RESPONSIBILIfflES IN RELATION TO THE FINANCIAL STATEMENTS The charity Trustees are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. The law applicable to charf(ies in England and Wales qUireS the charity Trustees to prepare financial statements for each year which gwe a true and fair view of the state of affairs of the charity and of the incoming resour5 and application of resources. of the charity for that period. In preparing the financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently obseNe the methods and principles in the applicable Charities SORP rnake judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, Subject to any material departures that must be disclosed and explained in the financial statements prepa the financial statements on the going concem b35is unless it is inappropriate to presume that the charity will continue in business The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustee5 are responsible for the maintenance and integrity cif the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Approved by the Trustees on.. Oate: 12 June 2023 and signed on their behalf by: Bruce Gordon Ichaimianl io
INDEPENDENT EXAMINER'S REPORTTO THE TRusfEES OF THE HONORARY TREASURERS FORUM CHARITY REGlSfRATION NUMBER: 1118802 I report to the Trustees on my examination of the accounts of the Honorary TaSUrerS Forum for the year ended 31" December 2022 which are set out on pages 12 to 17. Responsibilities and basis of report As the charity Trustees. you are responsible for the Preparation of the accounts in accordance with the requirements of the Charities Art 20111.the ACWI. I report in respert of my examination of the Trusrfs accounts, carried out under sertion 145 of the 2011 Act and in carryin8 Out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerf$ statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect= the accounting records were not kept in accordance with sertion 130 of the Art,. or the accounts did not accord with the accounting records- or the accounts did not comply with the applicable qUirementS concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2c8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have corne across no other matters in connection with the ex3rnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 12 T zr>2 Name: Simon Mollett Relevant professional qualifications: ACA Address: 2, Branstone Road. Richmond. Surrey. TW9 3LB li
THE HONORARYTREASURERS FORUM STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31" DECEMBER 2022 Unrestrtcted Funds Unrestricted Funds Total 2022 2022 2021 Note Incoming resources Donations 9 .750 9,750 14.750 Trading income 22.760 22.760 22,435 Totsl incomin8 resources 32,510 32,510 37,185 Resources expended Cost of Generating Fund5 6,750 6.750 6,0 Charitable Activities.. Research Education 20,429 20,429 21.114 Total resources expended 27,179 27,179 27.114 INCOMING RESOUR$ 5.331 5,331 10,071 Tot21 funds brought forward 12.330 12.330 2,259 TOTAL FUNDS CARRIED FORWARD £17,662 £17,662 £12.330 12
THE HONORARYTrEASURERS FORUM BALANCE SHEA5 AT 31" DECEMBER 2022 2022 2021 Note Current assets Debtors 120 245 Cash at bank and in hand 22.873 16,792 Current liabilities Creditors falling due within one year 15.3311 14,7071 TOTAL NET ASSETS £17,662 £12.330 The fund5 of the charity Unrestricted fund5 17.662 12,330 TOTAL CHATy FUNDS £17.662 £12,330 Approved by the Trustees on: Date: 12 June 2023 and signed on their beha by: uce Gordon Ichairmanl 13
NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 l. Accounting policies The principal accounting policies are summari5ed below. The accounting policies have been applied consistently throughout the year. lal Basis of preparation and assessment of going concem The accounts (financial statementsl have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repub5ic of Ireland IFRS 1021 issued on 16 ju 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the CharitiesAct 2011. The Forum constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Forum's ability to continue as a going concem. Ibl Funds strutture Unrestricted income funds comprise those funds which the Trustees are free to Use for any purpose in furtherance of the charitable objects. Restricted funds are subjected to restrirtions on their expenditure imposed by the donor or through the terms of an appe31. There a no restritted funds. Icl Income recognition All income is recognised On the charty has entitlement to the income, it is probable that the income will be received. and the amount of income reIvable can be measured reliably. The following specific policies are applied to particular categories of income: Income received by way of grants. donations and grfts is included in full in the Statement of Financial ActNities when receivable. Annual membership income receivable from indThiidual and eorporate members is treated as trading income. Annual memberships received in advance are accounted for as deferred income. Members joining in the final three months of a calendar year receive free membership benefits until the end of that year and pay in advan for the following year. Gift aid reclaimable on donations to the charity is included with the amount received. Donated services and facilities are included at the value to the charity where this can be quantified, and the amount is Material. The value of seNices provided by volLSnteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the Trustees, Annual Report. (d} Expenditure recognition 14
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required. and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. (el Irrecoverable VAT The Forum is not registered for VAT. IrCoVerable VAT is charged against the expenditure heading for which it was inojrred. {fj Allocation of support costs Other than the a51ocation of the CEO'S time to fundraising, support costs relate to the main charitable activity of education. Igl Cost of generating funds The cost of raising funds consists of the CEO'S time in meetine existing and potential donors and members. {hl Charitable activities The cost of charitable artivities includes CEO time, govemance costs and support costs. 2. Taxation The charity is exempt from direct taxatlon on its income and gains where they are applied for charitable purposes. No tax charges have arisen. 3. Trading Income Trading income comprises annual subscriptions received from individual and corporate members. 2022 2021 Individual members 11,510 10,785 Corporate members 11,250 11.650 £22.760 £ 22,435 4. Analysis of support and governance costs General support Total Total Govemance 2022 2021 Website 4,297 4,297 4.705 Software Licences 713 713 479 CEO time 2.250 2.250 2,CMJO Insurance for Trustees 120 120 Iso Conferences 478 478 Sundry expenses 207 207 30 Total £ 5.695 £ 2.370 £ 8.C65 £ 7.364 15
There was no fee for Independent Examination in 2022 or 2021. 5. Analysis of charttable expenditure Research Education Total 2022 Totsl 2021 CEO time 4,5(Xtr 3,114 4,500 3,114 4.CMJO Administrative support TV Capital Ltd - donated administrative support Baye5 Iformerw Cassl Business School- donated services and facilities 9,000 250 250 250 Catering UBS- donated services and facilities Support and Governance (note 41 Total 5(Kl 500 500 8,065 8.065 £20.429 £20,429 7,364 £21,114 No research actDlities were undertaken during 2022. 6. Remuneration and expenses. No remuneration or expenses were paid to any of the Trustees durin8 the year. The Forum has no employees. Expenses to be re-imbursed to a Trustee of £346, relating to Costs incurred on behalf of the Forum. rernained unpaid at the year-end and are included in creditor5. 7. Related party tran5artions Having no employees, the Forum ceIVeS support from its Trustees, SUPPOrters and the organisations associated with them. The Forum pays RichRob Associates Ltd for the services of Richard Williams who joined the Forum as CEO in mid-2020. In 2022 RichRob invoiced the Forum £13,500 for these services12021= £12.0001 of which £3,250 was outstanding at the end of 2022. Professor Paul Palmer, a Trustee. is also an employee of Bayes Business School, City, University of London and remains Assoc13te Dean of the Centre For Charity Effectiveness at Bayes. which has provided administrative and catering services in the past. Nothing was paid during the year under review.12021.. Nill. Support and administrative services were provided pro bono by Thames Valley Capital Ltd, a company in which the Chairman, Bruce Gordon holds a controlling interest. This amount is reducing annually to reflect the provision of these services externally. The value of the service5 is estimated at £4,000 for 2022 12021.. £9,OWI. Bayes (formerly Cassl CCE continued to provide a post box service to the Forum at an estimated value of £250, for which they received an Honorary Corporate membership. UBS, the Forum's major sponsor. hosted and presented a face-to-face event at a notional value of £5 in addition to their donation of £5,CMJO. 16
- Debtors 2022 2021 Membership and Corporate Member subscriptions 120 245
- Creditors under l year 2022 2021 New mernberships and renewals received in advance Accounts payable and accruals 700 1,145 4,631 3.562 £5,331 £ 4,707 17