OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Faculty of Forensic & Legal Medicine of the Royal College of Physicians

Accounts and Report for the year ended 31 December 2021

Registered Charity No. 1119599

Faculty of Forensic and Legal Medicine

Index

Page
1. Trustees’ Report 1 -13
2. Treasurer’s Report 14 - 15
3. Independent Examiner’s Report 16
4. Statement of Financial Activities 17
5. Balance Sheet 18
6. Notes to the Financial Statements 19 -27

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

The Trustees present their annual report and financial statements of the Faculty of Forensic and Legal Medicine for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in Notes 1 & 2 to the accounts and comply with the Faculty’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

The Faculty has the following purpose and objectives as per its Standing Orders:

The activities the Faculty has undertaken in relation to its purposes as per the Standing Orders and in furtherance of public benefit are as follows:

1

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Objectives and activities (continued)

Achievements and performance

The Trustees confirm that they have complied with the duty contained in section 17 of the Charities Act 2011 to have due regard to the guidance issued by the Charity Commission on public benefit.

General

2

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Achievements and performance (continued)

3

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Achievements and performance (continued)

Education

4

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Achievements and performance (continued)

5

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Achievements and performance (continued)

Co-working

6

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Achievements and performance (continued)

7

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Achievements and performance (continued)

Publications

Throughout 2021, we updated 28 documents and produced 8 new documents.

Five of the documents relate to Conducted Energy Device (CED) and they are all cobadged with UKAFN, College of Paramedics, RCEM and NPCC.

Item on Expert Witnesses published in RCP Commentary.

Management of female suspects of sexual assault – Vol 80 Journal of Forensic and Legal Medicine

Letter to the Editor. Are the Preliminary Impairment Tests used by UK police fit for purpose? Medicine Science and the Law, 2021,

Consultations circulated to members

Financial review

The Faculty’s work is reliant on income from its charitable activities. The main income is derived from its membership and the provision of related educational and publication services. A breakdown of the total income from charitable activities of £458,252 (2020 - £372,482) is provided in note 3 to the accounts.

The Faculty continues to meet its financial objectives and it has achieved a surplus this year of £182,978. Although market conditions remain difficult, it remains financially sound with the balance sheet showing total charity funds increasing from £633,210 to £816,188.

Investment policy and performance

In deciding the level of investments, the trustees initially assessed the level of funds required to ensure that there would be sufficient cash funds to meet its on-going charitable activities and retains sufficient liquid cash to meet its liabilities as and when they arise. In conjunction with its investment advisors the trustees regularly review the level of investment and performance. They are instructed to invest to maximise the total return within the constraints of a medium to low-risk investment portfolio.

8

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Investment policy and performance (continued)

The charity is a long-term investor and hence has a long-term time horizon for the investment (specifically 10+ years). The chosen risk profile is medium to low risk and on professional advice the charity continues to hold a mix of asset classes specifically equities, bonds, alternatives and cash. The investments are held within a fund specifically for Charities. A total return strategy is employed, i.e., the goal is to maximise the level of combined return from capital gains and income at the appropriate level of risk. All income generated is re-invested. As the investment strategy is executed through a Charity fund only, there is substantial diversification of investments. The portfolio rose by 10.4% in 2021 versus the benchmark growth of 2.27%.

The market value of the investments shown on the balance sheet at 31 December 2021 stood at £560,331.

Major Risks

The Trustees have considered the major risks to which the charity is exposed, and systems have been established to mitigate these risks. The principal risk facing the charity remains reputational risk. This is mitigated by the high standards of the charity, policies, and procedures, along with robust policies in relation to examination. The other principal risks faced by the Faculty lie in the performance of investments. The Faculty is not otherwise exposed to any other significant financial risks or inherent operational risks through its Charitable Activities.

Risk Management

The security of the Faculty’s investments and bank balances is mitigated by retaining expert investment managers and having a diversified portfolio. The accounts are held with a reputable institution.

Reserves Policy

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to between one and two years of unrestricted charitable expenditure. This is to reduce the possibility of income falling suddenly and to cover any unexpected situations. Furthermore, the trustees retain sufficient cash on a short-term deposit account to meet their liabilities as they fall due. The net current assets held at 31 December 2021 was £199,730.

The total charity funds held at 31 December 2021 were £816,188 of which the balance held as unrestricted funds was £757,541. £701,414 are regarded as free reserves, after allowing for funds tied up in tangible and intangible fixed assets. Actual 12-month cash payments totaled £313,344. The current level of reserves is therefore higher than is needed and meets the reserves policy. Longer term investments are held in accordance

9

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Structure, Governance and Management

with the Investment Policy which allows trustees to transfer amounts from the disposal of investments in the case of urgent need.

The Faculty was constituted by the Royal College of Physicians of London (‘RCP London’), which, under the Bye-Laws deriving from its Royal Charter, can create Faculties. The Faculty’s specific governing document is its Standing Orders, approved by the ‘RCP London’. The Faculty is part of the College and is free within the terms of its Standing Orders to manage its particular business.

Trustee recruitment

The Trustees are the members of the Board. The officers of the Faculty are elected by and from the Faculty and become ex-officio members of the Board. Members of the Board are elected by and from the Faculty membership/fellowship or nominated by the Board. College representatives are nominated by the Royal College of Physicians of London, and the lay representatives are recruited via the College’s and AoRMC’s Patient and Carer Network. There is an induction process for new trustees, which includes an initial meeting with other trustees and senior staff, and a briefing from the Chair of Trustees. Trustees are encouraged to attend relevant trustee training events.

The administration of the Faculty is managed on a day-to-day basis by full time members of staff. The pay of senior staff is renewed annually and benchmarked against similar sized charities and membership organisations.

Key management personnel remuneration

The trustees consider the board of trustees, in particular the President Professor Paul Marks, the Treasurer, Dr Susan Waterworth, and Registrar, Dr Helena Thornton, as the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. Two Trustees (Drs Stark & Gorton) received payments approved by the Board for lecturing on commercial courses organised by the Faculty. All other trustees give of their time freely. Details of trustee expenses (predominantly travelling expenses) are disclosed in note 7 to the accounts and related party transactions are disclosed in note 18 to the accounts.

Trustees are required to disclose all relevant interests and register them with the Charity Commission and, in accordance with the Faculty’s policy, to withdraw from decisions where a conflict of interest arises.

10

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021 Trustees’ Report (continued)

Reference and administrative information

Administrative and Principal Office

c/o Royal College of Physicians, 11, St Andrews Place, London. NW1 4LE

Registered Charity Number: 1119599

Independent Examiners

MHA MacIntyre Hudson, 6th Floor, 2 London Wall Place, London EC2Y 5AU

Accountants

Professional Consultancy Services Ltd, Kingfishers, High Road, Broxbourne, Herts EN10 7BT

Bankers and Investment Managers

C Hoare & Co, 37 Fleet Street, London, EC4P 4DQ

Cazenove Capital Management, 31 Gresham Street, London, EC2V 1QA

Solicitors

Field Fisher Waterhouse, 35 Vine Street, London EC3N 2AA

11

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Reference and administrative information (continued)

Board of Trustees

Title Start Date End Date

Professor Paul Marks Dr Margaret Stark Dr Helena Thornton Dr Susan Waterworth Dr Brian Westbury Dr Shiraz Qamaruddin Prof Andrew Harris Dr Michael Devlin

Dr Anton van Dellen

Dr Alex Gorton

Dr Catherine White Mr. Matthew Foster Dr David Cohen Professor Donal O’Donoghue

04/11/2020 10/05/2019 15/05/2020 10/05/2019 10/05/2019 15/05/2020 03/03/2021 15/05/2020

President 04/11/2020 Immediate Past President 10/05/2019 Registrar 15/05/2020 Treasurer 10/05/2019 Academic Dean 10/05/2019 Vice President, FP 15/05/2020 Vice President, MQC 03/03/2021 Vice President, MLA 15/05/2020 Assistant Registrar and Conference Subcommittee Chair 08/12/2021 Assistant Registrar and Conference Subcommittee Chair 29/01/2016 01/12/2021 Co-opted 12/03/2011 RCP Rep 15/11/2017 31/01/2021 RCP Rep 07/07/2021 26/09/2018 04/01/2021

Co-opted Members:

Dr Cathy Cooke

02/09/2015

Lay Members: Dr Michael Robertson Peter Rees

30/04/2009 04/11/2020

Ordinary Members:

Ordinary Members:
Mrs Sheelagh Cooke Nurse 01/07/2020
Mr Benjamin Sylvester Paramedic 06/09/2019
Dr Daniel Haines Dr 04/03/2020
Vincent Davidson Dr 04/03/2020
Sandy Fielding Dr 04/03/2020 07/07/2021
Amy Hamm Dr 04/03/2020
Dr Charles Sanderson Dr 07/07/2021

12

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2021

Trustees’ Report (continued)

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' annual report was approved on 02 March 2022 and signed on behalf of the board of trustees by:

Helena Thornton Registrar

13

Faculty of Forensic & Legal Medicine

of the Royal College of Physicians

Treasurer’s Report

Financial Accounts for the year ended 31 December 2021

I present my report for the year ended 31 December 2021 which show an overall surplus of £182,978 from both restricted and unrestricted funds. This includes gains arising from investments of £34,675.

Our total income from charitable activities showed an increase in all key areas from £372,482 to £458,252; comprising of membership fees increasing slightly from £217,500 to £226,387; the 2021 conference which was held virtually due to the COVID-19 pandemic generated small amount of income of £3,520 whilst there was a further progress with a substantial increase in educational income from £132,904 to £203,473.

Royalty income from publications and journals have risen by 12% to £23,636 whilst the related publication costs remained fixed at £4,524 to continue to provide a strong contribution to our finances. Investment income rose to £19,673 from last year £16,372 all of which was reinvested.

Overall, the total expenditure on Charitable activities decreased this year to £327,810 from £345,813 as shown in note 5 to the financial statements with membership costs falling from £230,591 to £212,524. The conference costs were minimal at £149 due to the event being held virtually and educational costs decreased slightly from £110,698 to £110,613.

The market value of the investments at year-end was £560,331 with positive growth and capital gains of £34,675 as shown in note 11. The historical cost of the investments held at year end stood at £495,348.

The Trustees remain cautious of the continued difficult market conditions and potential impact this may have on our future working capital. However, we remain confident that we have sufficient level of working capital and in particular, adequate cash resources to meet our ongoing costs and commitments. Cash at bank increased in the year from £215,248 to £397,115 at year end.

14

The trustees have concluded that no increase in fees should be implemented for 2022.

2022 2021
Honorary Fellows - -
UK Fellows £549.00 £549.00
Retired Fellows £259.00 £259.00
Overseas Fellows £274.50 £274.50
UK Members £549.00 £549.00
Retired Members £259.00 £259.00
Overseas Members £274.50 £274.50
Licentiate £355.00 £355.00
Overseas Licentiate £177.50 £177.50
UK Affiliates £250.00 £250.00
Overseas Affiliates £125.00 £125.00
Associate £165.00 £165.00
Nurse/ Paramedic Affiliate £109.00 £109.00
Student Affiliate £27.00 £27.00
Retired Fellows/Members relinquished LTP £118.00 £118.00

Comparable rates for 2022 include:

FRCP £612 FRCGP £544 FFOM £630 FRCPath £590

Dr Susan Waterworth Hon Treasurer

Date 01 April 2022

15

Independent Examiner's Report to the Trustees of the Faculty of Forensic & Legal Medicine

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 17 to 27.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stuart McKay BSc FCA DChA MHA MacIntyre Hudson

6th Floor 2 London Wall Place London EC2Y 5AU

Date 07/04/2022

16

Faculty of Forensic and Legal Medicine

Statement of Financial Activities for the year ended 31 December 2021

Unrestricted
Restricted
Total
Funds
Funds
2021
Notes
£
£
£
Income and endowments from:
Donations
-
-
-
Charitable activities
3
456,752
1,500
458,252
Investments
4
19,673
-
19,673
Total
476,425
1,500
477,925
Expenditure on:
Raising funds
5
1,812
-
1,812
Charitable activities
5
327,206
604
327,810
Total
329,018
604
329,622
Net (loss)/gains on investments
11
34,675
-
34,675
Net surplus/(deficit) and net movement in funds
182,082
896
182,978
Reconciliation of funds:
Total funds brought forward
575,459
57,751
633,210
Total funds carried forward
757,541
58,647
816,188		 Total
2020
£
130
372,482
16,372
388,984
1,137
345,813
346,950
18,924
60,958
572,252
633,210

All of the above represent continuing operations. There are no gains and losses other than those shown above.

The notes on pages 19 to 27 form part of these financial statements.

Faculty of Forensic and Legal Medicine

Balance Sheet as at 31 December 2021

Notes
£
£
Fixed Assets:
Intangible assets
9
19,225
Tangible assets
10
36,902
Investments
11
560,331
Total fixed assets
616,458
Current Assets:
Debtors
12
45,312
Cash at bank and in hand
13
397,115
Total current assets
442,427
Liabilities:
Creditors: amounts falling due
within one year
14
242,697
Net current assets
199,730
Total net assets
816,188
Funds of the Charity
Restricted funds
15
58,647
Unrestricted funds
16
757,541
Total charity funds
816,188
2021		 £
£
23,749
47,449
507,598
578,796
41,857
215,248
257,105
202,691
54,414
633,210
57,751
575,459
633,210
2020

Approved by the Board of Trustees and authorised for issue on 1 April 2022 and signed on their behalf by:

Dr Susan Waterworth Trustee

The notes on pages 19 to 27 form part of these financial statements.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021

1 Charity information

The Faculty of Forensic and Legal Medicine is registered with the Charity Commission for England and Wales and is unincorporated. The charity registration number is 1119599 and the principal office is 11 St Andrews Place, London, NW1 4LE England.

2 Accounting Policies

(a) Basis of preparation and assessment of going concern

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 Republic of Ireland (FRS 102)and the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The functional currency of the Faculty is considered to be GBP because that is the currency of the primary economic environment in which it operates.

The Faculty falls within the definition of a public benefit entity as defined by FRS 102.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The financial statements have been prepared on a going concern basis. The Trustees have considered relevant information, including the annual budget, the expected impact on future working capital requirements and the impact of subsequent events in making their assessment.

The Trustees have performed an analysis of forecast budget and future cash funding requirements taking into account the potential impact on the activities of the Charity. This analysis also considers the effectiveness of available measures to assist in mitigating the impact.

Based on these assessments and having regard to the resources available to the Charity, the Trustees have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing these financial statements.

(b) Income recognition

All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Investment income is recognised upon notification by the investment advisor or bank.

Grants and donations are only included in the Statement of Financial Activity when the charity has unconditional entitlement to the resources. Where the donor imposes conditions that the resource is expended in a future accounting period, income is recorded as deferred income at the balance sheet date and a creditor is included under deferred income.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

2 Accounting Policies (continued)

(c) Expenditure recognition

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 and includes VAT where applicable. The Faculty is not registered for VAT. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities.

(d) Support and governance Costs

Governance costs include costs of the preparation of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

All support costs are allocated to membership costs as the principal charitable activity of the Faculty.

(e) Costs of raising funds

The cost of raising funds consist of investment management costs and related professional fees.

(f) Intangible fixed assets and amortisation

Intellectual property rights are included at cost less amortisation, being between 5% and 33.3% on a straight line basis.

(g) Tangible fixed assets and depreciation

Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at historical cost or a reasonable value on receipt.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Computer equipment -between 20% and 33.3% straight line method Software and website - 20% straight line method

(h) Fixed asset investments

Investments are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market price.

The Faculty does not acquire or use put options, derivatives or other complex financial instruments.

(i) Realised and unrealised investment gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. As investments are revalued to fair value continously, no realised gains and losses arise.

(j) Pensions

Contributions towards staff defined contribution personal pensions are charged to the Statement of Financial Activities as they become payable. The Faculty has no liability beyond its contributions and paying across the deductions for the employees share of contributions.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

2 Accounting Policies (continued)

(k) Foreign currency translations

Monetary assets and liabilities are translated at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies undertaken in the year have been translated at the rate ruling at the date of the transaction. Gains and losses on foreign exchange are recorded in the Statement of Financial Activities as they arise.

(l) Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.

Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Further details of the funds are included in note 15 and 16.

(j) Financial Instruments

Charity are as follows:

Debtors - trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 12. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Liabilities - trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 14. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.

3 Income from Charitable Activities

Membership
Conferences
Educational
Publications and journal
Sundry income		 Unrestricted
Restricted
2021
Funds
Funds
Total
£
£
£
226,387
-
226,387
3,520
-
3,520
201,973
1,500
203,473
23,636
-
23,636
1,236
-
1,236
456,752
1,500
458,252		 2020
Total
£
217,500
-
132,904
21,078
1,000
372,482

The total restricted income in the prior year applicable to educational activity was £900.

4 Investment Income

Investment Income
Dividends
Interest on Investments
Bank interest earned on cash balances		 2021
£
19,673
-
-
19,673		 2020
£
16,372
-
-
16,372

All investment income is attributable to unrestricted income funds.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

5 Expenditure on charitable activities
Membership
Conference
Educational
Publications and journal		 Total
Direct Costs
Support
costs
2021
£
£
£
156,759
55,765
212,524
149
-
149
110,613
-
110,613
4,524
-
4,524
272,045
55,765
327,810		 Total
2020
£
230,591
-
110,698
4,524
345,813

Total support costs of £54,041 were allocated to Membership in 2020. A breakdown of support costs incurred can be seen on Note 5f.

Expenditure on charitable activities by fund

Note
Membership
5a
Conference
5b
Educational
5c
Publications and journal
5d		 Total
Unrestricted Restricted
2021
£
£
£
212,524
-
212,524
149
-
149
110,009
604
110,613
4,524
-
4,524
327,206
604
327,810		 Total
2020
£
230,591
-
110,698
4,524
345,813

The total restricted expenditure applicable in the prior year to educational activity was £1,020.

5a Membership costs
Note
Direct staff costs
8
Establishment expenditure
Membership support services
Other staff costs
Travel and subsistence
General adminstrative expenses
Legal and professional fees
Depreciation on tangible fixed assets
Loss on fixed asset disposals
Governance costs		 Unrestricted Restricted
2021
£
£
£
123,997
-
123,997
-
-
-
31,290
-
31,290
224
-
224
1,248
-
1,248
34,058
-
34,058
960
-
960
10,546
-
10,546
-
-
-
10,201
-
10,201
212,524
-
212,524		 2020
£
132,885
(420)
36,941
1,811
5,333
28,961
1,698
12,048
(685)
12,019
230,591

There was no restricted expenditure applicable in the prior year to membership costs.

5b Conference costs
Conference costs
Travel and subsistence		 Unrestricted Restricted
2021
£
£
£
149
-
149
-
-
-
149
-
149		 2020
£
-
-
-

There was no restricted expenditure applicable in the prior year to conference costs.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

5 Expenditure on charitable activities (continued)

5c Educational costs
Training
Educational support costs
Travel and subsistence		 Unrestricted Restricted
2021
£
£
£
56,812
105
56,917
49,428
479
49,907
3,769
20
3,789
110,009
604
110,613		 2020
£
32,176
69,044
9,478
110,698

The total restricted expenditure applicable in the prior year was training £261, educational support costs £619, travel and subsistence £140.

5d Publications and journal costs
Amortisation on intangible fixed assets		 2021
£
4,524		 2020
£
4,524

5e Investment management costs

Investment management costs of £1,812 (2020: £1,137) are included in costs of raising funds.

5f Support costs
Governance costs
General administrative expenses
Legal and professional fees
Depreciation on tangible fixed assets
6 Governance costs
Independent examiner's fees
Accountancy fees
Room hire costs
Board meeting travel costs		 2021
£
10,201
34,058
960
10,546
55,765
2021
£
3,780
5,780
230
411
10,201		 2020
£
12,019
28,961
1,698
11,363
54,041
2020
£
3,300
5,210
1,719
1,790
12,019

7 Trustees' Expenses

Travel expenses of £4,768 (2020: £7,742) were reimbursed to three (2020: nine) trustees, being £233 in respect of travel to trustees board meetings and £4,535 for additional travel and examination costs.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

8 Staff Costs
Salaries
Social security costs
Pension costs		 2021
£
114,051
8,071
1,875
123,997		 2020
£
121,851
8,975
2,059
132,885

There were an average of 3 employees in the year (2020: 3). All staff costs are allocated to charitable activities. No employee earned in excess of £60,000 per annum in the current or prior year.

The trustees received no remuneration in their capacity as trustees. Details of other payments paid to trustees are included in note 18.

The trustees consider the board of trustees, in particular the President Professor Paul Marks, the Treasurer, Dr Susan Waterworth, and Registrar, Dr Helena Thornton, to be the key management personnel of the charity. The key management personnel received no remuneration in the current or prior year.

9 Intangible Fixed Assets

Cost
At 1 January 2021
At 31 December 2021
Amortisation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value at
At 31 December 2021
At 31 December 2020		 £
107,980
107,980
84,231
4,524
88,755
19,225
23,749

Intangible fixed assets are included at cost less amortisation and comprise a 50% interest in the Intellectual Property Rights to the journal publication of the Faculty of Forensic and Legal Medicine and a 50% interest in the Intellectual Property Rights of the E Learning project.

10 Tangible Fixed Assets

Cost
At 1 January 2021
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value at
At 31 December 2021
At 31 December 2020		 Software
Computer
& Website
Equipment
Total
£
£
£
45,600
4,797
50,397
45,600
4,797
50,397
-
2,948
2,948
9,120
1,427
10,547
9,120
4,375
13,495
36,480
422
36,902
45,600
1,849
47,449

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

11 Investments
Market value at 1 January 2021
Additions to investments at cost
Disposals
Net gain on revaluation
Market value at 31 December 2021
Historical cost at 31 December 2021
The above investments are held as follows:
Listed on UK Stock Exchange		 Unrestricted Restricted
Total
General
2021
£
£
£
507,598
-
507,598
19,672
-
19,672
(1,614)
-
(1,614)
34,675
-
34,675
560,331
-
560,331
495,348
-
495,348
£
560,331		 Total
2020
£
472,303
16,371
-
18,924
507,598
477,114
£
507,598

The investment portfolio

The Faculty's investments are all invested in a Multi-Asset Fund specifically tailored for Charity investment.

12 Debtors
Trade debtors
Prepayments
Accrued income
13 Cash at bank and in hand
Investment accounts
Cash at bank
14 Creditors: amounts falling due within one year
Trade creditors
Other taxes and social security costs
Other creditors
Accruals
Deferred income		 2021
£
11,711
11,701
21,900
45,312
2021
£
1,492
395,623
397,115
2021
£
29,415
3,597
431
25,676
183,578
242,697		 2020
£
8,535
12,322
21,000
41,857
2020
£
1,505
213,743
215,248
2020
£
12,456
3,180
387
41,466
145,202
202,691

Deferred income brought forward of £145,202 was released in the year and £183,578 was deferred during the year. Deferred income relates to membership and other income for which entitlement is met in the following financial period.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

15 Restricted funds

WG Johnston Memorial Fund
David Jenkins Memorial Fund
Apothecaries Fund
WG Johnston Memorial Fund
David Jenkins Memorial Fund
Apothecaries Fund		 Balance at
01/01/2021
Income
Expenses
£
£
£
33,754
-
-
23,799
-
-
198
1,500
(604)
57,751
1,500
(604)
Balance at
01/01/2020
Income
Expenses
£
£
£
33,754
-
-
23,799
-
-
318
900
(1,020)
57,871
900
(1,020)		 Balance at
31/12/2021
£
33,754
23,799
1,094
58,647
Balance at
31/12/2020
£
33,754
23,799
198
57,751

The David Jenkins Memorial Fund is to be utilised to support educational, teaching or research projects, in the field of forensic medicine.

The WG Johnston Memorial Fund will be used to assist Fellows, Members and Affiliates of the Faculty and other qualifying practitioners, with grants in forensic and legal medicine, as well as supporting appropriate publications, educational and training programmes.

The Apothecaries Fund represents grant income to be used to subsidise the cost of taking the Licentiate examination. Of the total Grant income received £2,700 has been deferred at the year end.

16 Unrestricted funds

Opening balance
Net surplus for the year
Closing balance		 2021
£
575,459
182,082
757,541		 2020
£
514,381
61,078
575,459

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2021 - Continued

17 Analysis of net assets between funds

Intangible fixed assets
Tangible fixed assets
Investments
Current assets
Creditors due within one year
Intangible fixed assets
Tangible fixed assets
Investments
Current assets
Creditors due within one year		 Unrestricted Restricted
Total
funds
funds
funds
2021
2021
2021
£
£
£
19,225
-
19,225
36,902
-
36,902
560,331
-
560,331
381,080
61,347
442,427
(239,997)
(2,700)
(242,697)
757,541
58,647
816,188
Unrestricted Restricted
Total
funds
funds
funds
2020
2020
2020
£
£
£
23,749
-
23,749
47,449
-
47,449
507,598
-
507,598
195,154
61,951
257,105
(198,491)
(4,200)
(202,691)
575,459
57,751
633,210

18 Related party transactions

All the Trustees are fellows or members of the Faculty. They pay subscriptions for membership at the same rates as all other members and have no benefits as Trustees in respect of any other services of the Faculty. The following related party transactions payments were incurred in respect of Trustees:

(i) Payments totalling £27,755 (2020: £4,625) were made to the Trustees Dr Gorton and Dr Stark in the year, being £16,255 (2020: £750) and £11,500 (2020: £3,875) respectively. These payments were in respect of fees to facilitate at the GFM Course. Payment terms were agreed by the Board as being in the best interest of the Charity and are allowable under the Charity's Standing Orders. Further details have been provided in the Trustees Report.

(ii) Trustees' expenses reimbursed are included in note 7.