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2022-12-31-accounts

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

Accounts and Report for the year ended 31 December 2022

Registered Charity No. 1119599 Faculty of Forensic and Legal Medicine

Index
Page

1.		 Trustees’ Report 1 - 15

2.		 Treasurer’s Report 16 - 17

3.		 Independent Examiner’s Report 18

4.		 Statement of Financial Activities 19

5.		 Balance Sheet 20

6.		 Statement of Cash Flows 21
7.







 Notes to the Financial Statements
 22 -30

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

The Trustees present their annual report and financial statements of the Faculty of Forensic and Legal Medicine for the year ended 31 December 2022. 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:

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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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

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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Achievements and performance (continued)

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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Achievements and performance (continued)

Education

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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Achievements and performance (continued)

Co-working

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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Achievements and performance (continued)

  - Forensic Science Regulator Medical Forensics Specialist Group.

  - Contamination Elimination Database Project (SARCs).

  - NHSE SARC Strategic Clinical Forum.

  - Inter-Collegiate and Agency Domestic Violence Abuse.

  - NHSE Health and Justice CRG.

  - GMC Intercollegiate Ethics Forum.

  - RCPCH Standing Committee on Child Protection.

  - Scottish Health in Custody Network.

  - RCP’s Student and Foundation Doctor Network.

  - Drink and Drug Driving (D3) Practitioners Group (Department for Transport).

  - NPCC Healthcare Advisory Group (Custody).

  - Academy of Royal Colleges (Wales).

  - NPCC First Aid National Clinical Government Committee.

  - NSPCC Healthcare Liaison Committee.

  - Medical Education and Training Forum.

  - Review Committee for National Guidance on the Retention, Storage and Destruction of Materials and Records relating to Forensic Examinations.

  - `o` Forensic Examiner Capabilities Framework - Steering Group.

  - RCPCH Project Board Purple book.

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

Trustees’ Re ort continued p ( )

Achievements and performance (continued)

Publications

Throughout 2022, we updated 23 documents and produced 6 new documents (not including the CED guidance and tools).

The FFLM responded to the BMJ editorial Mental health services are failing the criminal justice system . The response was also published as a letter: https://www.bmj.com/content/376/bmj.o728.full?ijkey=owyH4eXwSl9whN6&keytype=ref

Non-Fatal Strangulation - All Strangulation Of Women Is Serious – And It’s Time For The Law To Step Up

Novel Recovery Methods For Biological Materials In Cases Of Alleged Sexual Assault: A Word Of Caution

Quality Standards In Forensic Medicine

Members will remember helping with the FFLM Quality Standards Survey in April 2021. The results have now been published in the Journal of Forensic and Legal Medicine Volume 92, November 2022, 102436.

Consultations circulated to members

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022 Trustees’ Report (continued)

Achievements and performance (continued)

Appendix A – 2022 Webinar Programme

----- Start of picture text -----
FFLM update on medical Dr Ewa Wolska Monday 07 February
appraisals and supporting
evidence
The Assisted Dying Bill Mr Lee Biddle Wednesday 27 April
Making Connections: the Paula Boyden and Kate Tuesday 10 May
link between violence to Richards
people and violence to
animals
Novel psychoactive Hassan Kurimbokus Monday 05 September
substances
Forensic Science is in Prof Niamh Nic Daeid Wednesday 05 October
Crisis
Assisting the Coroner – Dr Clare Stapleton and Tuesday 25 October
How to reduce the risks to Prof Sarah Hull
you when involved in an
Inquest?
How to prepare for the Thomas Bird and Jessica Wednesday 23 November
LFFLM Part 2 Isaacs
What do you do if there Is Dr Elisabeth Alton, Dr Thursday 01 December
a suspicion of sexual Sandy Fielding, Prof
assault? Margaret Stark, and Dr
Helena Thornton
The Roles of Dr John Taggart Thursday 08 December
Intermediaries in the
Criminal Justice System
----- End of picture text -----

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

Trustees’ Re ort continued p ( )

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 £634,726 (2021 - £458,252) 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 £145,574. Although market conditions remain difficult, it remains financially sound with the balance sheet showing total charity funds increasing from £816,188 to £961,762.

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.

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 fell by 4.7% in 2022 versus the benchmark growth of 2.3%.

The market value of the investments shown on the balance sheet on 31 December 2022 stood at £534,713.

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.

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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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 2022 was £367,595.

The total charity funds held at 31 December 2022 were £961,762 of which the balance held as unrestricted funds was £888,615. £829,161 are regarded as free reserves, after allowing for funds tied up in tangible and intangible fixed assets. Actual 12-month cash payments totalled £309,399. The current level of reserves is therefore higher than is needed and meets the reserves policy. Longer term investments are held in accordance with the Investment Policy which allows trustees to transfer amounts from the disposal of investments in the case of urgent need.

Structure, Governance and Management

The Faculty was constituted by the Royal College of Physicians of London (‘RCP London’), which, under the Byelaws 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.

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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Key management personnel remuneration

The trustees consider the board of trustees, in particular the President Professor Paul Marks, the Treasurer, Dr Amy Hamm 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. One Trustee (Dr Stark) 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.

Future plans

The FFLM’s key aims for the future include:

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

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

Trustees’ Re ort continued p ( )

Reference and administrative information (continued)

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

Board of Trustees

Title Start Date End Date

Professor Paul Marks

Dr Margaret Stark Dr Bernadette Butler Dr Helena Thornton Dr Susan Waterworth Dr Amy Hamm Dr Brian Westbury Dr Shiraz Qamaruddin Prof Andrew Harris Dr Michael Devlin Miss Elaine Cook

Dr Anton van Dellen

Dr Catherine White Dr David Cohen

Co-opted Members: Mrs Cathy Cooke

Lay Members: Dr Michael Robertson Peter Rees

Ordinary Members:

Mrs Sheelagh Cooke Mr Benjamin Sylvester Dr Daniel Haines Vincent Davidson Amy Hamm Dr Charles Sanderson Dr James Goodrich

President 04/11/2020 Immediate Past President 10/05/2019 02/11/2022 President Elect 02/11/2022 Registrar 15/05/2020 Treasurer 10/05/2019 06/05/2022 Treasurer 06/05/2022 Academic Dean 10/05/2019 Vice President, FP 15/05/2020 Vice President, MQC 03/03/2021 Vice President, MLA 15/05/2020 06/05/2022 Vice President, DLA 06/05/2022 Assistant Registrar and Conference Subcommittee Chair 08/12/2021 12/03/2011 RCP Rep 07/07/2021 02/09/2015 02/11/2022 30/04/2009 04/11/2020 Nurse 01/07/2020 13/06/2022 Paramedic 06/09/2019 Dr 04/03/2020 Dr 04/03/2020 Dr 04/03/2020 06/05/2022 Dr 07/07/2021 22/06/2022

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

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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 24 March 2023 and signed on behalf of the board of trustees by:

Helena Thornton Registrar

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

Faculty of Forensic & Legal Medicine

of the Royal College of Physicians

Treasurer’s Report

Financial Accounts for the year ended 31 December 2022

I present my report for the year ended 31 December 2022 which show an overall surplus of £145,574 from both restricted and unrestricted funds. This includes losses arising from investments of £39,886.

Our total income from charitable activities showed an increase in all key areas from £458,252 to £634,726; comprising of membership fees increasing slightly from £226,387 to £227,690; the 2022 conference which was held both virtually and in person generated an income of £32,125 whilst there was a further progress with a substantial increase in educational income from £203,473 to £346,370.

Royalty income from publications and journals have risen by 11% to £26,441 whilst the related publication costs remained fixed at £4,524 to continue to provide a strong contribution to our finances. Investment income fell to £15, 325 from last years £19,373 all of which was reinvested.

Overall, the total expenditure on Charitable activities increased this year to £463,195 from £327,810 as shown in note 5 to the financial statements with membership costs increased from £212,524 to £216,459. The conference costs were £21,819 and educational costs increased from £110,613 to £220,393.

The market value of the investments at year-end was £534,713 with a decrease in capital of £39,886 as shown in note 11. The historical cost of the investments held at year end stood at £558,094.

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 £397,115 to £451,413 at year end.

Report of the trustees for the Faculty of Forensic & Legal Medicine for the year ended 31 December 2022

The trustees have concluded that no increase in fees should be implemented for 2023.

----- Start of picture text -----
2023 2022
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 £30.00 £30.00
Student Affiliate £27.00 £27.00
Retired Fellows/Members relinquished £118.00 £118.00
LTP
----- End of picture text -----

Comparable rates for 2023 include:

FRCP £620
FRCGP £592
FFOM £630
FRCPath £620

Dr Amy Hamm Hon Treasurer

Date 24 March 2023

Faculty of Forensic and Legal Medicine

Statement of Financial Activities for the year ended 31 December 2022

Unrestricted
Restricted
Total
Funds
Funds
2022
Notes
£
£
£
Income and endowments from:
Charitable activities
3
540,812
93,914
634,726
Investments
4
15,634
-
15,634
Total
556,446
93,914
650,360
Expenditure on:
Raising funds
5
1,705
-
1,705
Charitable activities
5
383,781
79,414
463,195
Total
385,486
79,414
464,900
Net (loss)/gains on investments
11
(39,886)
-
(39,886)
Net surplus and net movement in funds
131,074
14,500
145,574
Reconciliation of funds:
Total funds brought forward
757,541
58,647
816,188
Total funds carried forward
888,615
73,147
961,762		 Total
2021
£
458,252
19,673
477,925
1,812
327,810
329,622
34,675
182,978
633,210
816,188

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

The notes on pages 22 to 30 form part of these financial statements.

Faculty of Forensic and Legal Medicine

Balance Sheet as at 31 December 2022

Notes
£
£
Fixed Assets:
Intangible assets
9
14,701
Tangible assets
10
44,753
Investments
11
534,713
Total fixed assets
594,167
Current Assets:
Debtors
12
153,948
Cash at bank and in hand
13
451,413
Total current assets
605,361
Liabilities:
Creditors: amounts falling due
within one year
14
237,766
Net current assets
367,595
Total net assets
961,762
Funds of the Charity
Restricted funds
15
73,147
Unrestricted funds
16
888,615
Total charity funds
961,762
2022		 £
£
19,225
36,902
560,331
616,458
45,312
397,115
442,427
242,697
199,730
816,188
58,647
757,541
816,188
2021

Approved by the Board of Trustees and authorised for issue on 24 March 2023 and signed on their behalf by:

Dr Amy Hamm Trustee

The notes on pages 22 to 30 form part of these financial statements.

Faculty of Forensic and Legal Medicine

Statement of cash flows for the year ended 31 December 2022

2022
Note
£
Cash flows from operating activities
Net cash provided by (used in) operating activities
A
70,787
Cash flows from investing activities
Dividends and interest received
15,634
Purchase of property, plant and equipment
(17,855)
Proceeds from sale of investments
543,826
Purchase of investments
(558,094)
Net cash provided by (used in) investing activities
(16,489)
Change in cash and cash equivalents in the year
54,298
Cash and cash equivalents at the beginning of the year
B
397,115
Cash and cash equivalents at the end of the year
451,413
Notes to statement of cash flows for the year ended 31 December 2022
A. Reconciliation of net income to net cash flow from operating activities
2022
£
Net income for the reporting period (as per the
statement of financial activities)
145,574
Adjustments for
Depreciation and amortisation charges
14,528
(Gains)/losses on investments
39,886
Dividends and interest received
(15,634)
(Increase)/decrease in debtors
(108,636)
Increase/(decrease) in creditors
(4,931)
Net cash provided by (used in) operating activities
70,787
B. Analysis of cash and cash equivalents
2022
£
Cash at bank and in hand
22,550
Short term deposit account
427,940
Investment account (less than 30 days)
923
Total cash and cash equivalents
451,413		 2021
£
180,252
19,673
-
1,614
(19,672)
1,615
181,867
215,248
397,115
2021
£
182,978
15,071
(34,675)
(19,673)
(3,455)
40,006
180,252
2021
£
34,806
360,817
1,492
397,115

During the current and prior year, there were no changes in net debt other than the cashflows of the entity, as presented above.

The notes on pages 22 to 30 form part of these financial statements.

-21 -

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2022

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 2022 - 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 2022 - 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 Notes 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
2022
Funds
Funds
Total
£
£
£
227,690
-
227,690
32,125
-
32,125
252,456
93,914
346,370
26,441
-
26,441
2,100
-
2,100
540,812
93,914
634,726		 2021
Total
£
226,387
3,520
203,473
23,636
1,236
458,252

The total restricted income in the prior year applicable to educational activity was £1,500. No other restricted funds were recognised within income from charitable activities in the prior year.

4 Investment Income

Investment Income
Dividends
Bank interest earned on cash balances		 2022
£
15,325
309
15,634		 2021
£
19,673
-
19,673

In both years 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 2022 - Continued

5 Expenditure on charitable activities
Membership
Conference
Educational
Publications and journal		 Total
Direct Costs
Support
costs
2022
£
£
£
161,959
54,500
216,459
21,819
-
21,819
220,393
-
220,393
4,524
-
4,524
408,695
54,500
463,195		 Total
2021
£
212,524
149
110,613
4,524
327,810

Total support costs of £55,765 were allocated to Membership in 2021. 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
2022
£
£
£
216,459
-
216,459
21,819
-
21,819
140,979
79,414
220,393
4,524
-
4,524
383,781
79,414
463,195		 Total
2021
£
212,524
149
110,613
4,524
327,810

The total restricted expenditure applicable in the prior year to educational activity was £604.

5a Membership costs
Note
Direct staff costs
8
Membership support services
Other staff costs
Travel and subsistence
General adminstrative expenses
Legal and professional fees
Depreciation on tangible fixed assets
Governance costs		 Unrestricted Restricted
2022
£
£
£
124,844
-
124,844
32,682
-
32,682
3,360
-
3,360
1,166
-
1,166
31,639
-
31,639
1,105
-
1,105
9,689
-
9,689
11,974
-
11,974
216,459
-
216,459		 2021
£
123,997
31,290
224
1,248
34,058
960
10,546
10,201
212,524

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

5b Conference costs
Conference costs
Travel and subsistence		 Unrestricted Restricted
2022
£
£
£
19,862
-
19,862
1,957
-
1,957
21,819
-
21,819		 2021
£
149
-
149

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 2022 - Continued

5 Expenditure on charitable activities (continued)

5c Educational costs
Note
Direct staff costs
8
Educational support costs
Training
Other staff costs
Travel and subsistence
Educational grants
General administrative expenses
Expert advice
Legal and professional fees
Depreciation and amortisation		 Unrestricted Restricted
2022
£
£
£
-
31,495
31,495
52,561
530
53,091
81,148
89
81,237
-
2,333
2,333
7,270
912
8,182
-
13,186
13,186
-
2,951
2,951
-
23,302
23,302
-
4,301
4,301
-
315
315
140,979
79,414
220,393		 2021
£
-
49,907
56,917
-
3,789
-
-
-
-
-
110,613

The total restricted expenditure applicable in the prior year was training £105, educational support costs £479, travel and subsistence £20.

5d Publications and journal costs
Amortisation on intangible fixed assets		 2022
£
4,524		 2021
£
4,524

5e Investment management costs

Investment management costs of £1,705 (2021: £1,812) are included in costs of raising funds.

5f Membership 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		 2022
£
11,974
31,732
1,105
9,689
54,500
2022
£
3,389
6,410
1,369
806
11,974		 2021
£
10,201
34,058
960
10,546
55,765
2021
£
3,780
5,780
230
411
10,201

Included within the Legal and Professional fees category of Educational costs is a further £391 of Independent Examiners fees for the examination of the current year financial statements (2021: £nil), being the recharge of the costs incurred in relation to the project. The total Independent Examiners fee for the year is therefore £3,780 (2021; £3,780).

7 Trustees' Expenses

Travel expenses of £3,037 (2021: £4,768) were reimbursed to four (2021: three) trustees, being £414 in respect of travel to trustees board meetings and £2,623 for additional travel and examination costs.

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2022 - Continued

8 Staff Costs
Salaries
Social security costs
Pension costs		 2022
£
143,179
10,676
2,484
156,339		 2021
£
114,051
8,071
1,875
123,997

There were an average of 4 employees in the year (2021: 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 Amy Hamm, 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 2022
At 31 December 2022
Amortisation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value at
At 31 December 2022
At 31 December 2021		 £
107,980
107,980
88,755
4,524
93,279
14,701
19,225

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 Website under Software
Computer
Construction & Website
Equipment
Total
£
£
£
At 1 January 2022 -
45,600
4,797
50,397
Additions in the year 8,220
-
9,635
17,855
Disposals -
-
(3,953)
(3,953)
At 31 December 2022 8,220
45,600
10,479
64,299
Depreciation
At 1 January 2022 -
9,120
4,375
13,495
Charge for the year -
9,120
884
10,004
On disposals -
-
(3,953)
(3,953)
At 31 December 2022 -
18,240
1,306
19,546
Net book value at
At 31 December 2022 8,220
27,360
9,173
44,753
At 31 December 2021 -
36,480
422
36,902
- 27 -

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2022 - Continued

11 Investments
Unrestricted Restricted
Total
General
2022
£
£
£
Market value at 1 January 2022
560,331
-
560,331
Additions to investments at cost
558,094
-
558,094
Disposals
(543,826)
-
(543,826)
Net (loss)/gain on revaluation
(39,886)
-
(39,886)
Market value at 31 December 2022
534,713
-
534,713
Historical cost at 31 December 2022
558,094
-
558,094
The above investments are held as follows:
£
Listed on UK Stock Exchange
534,713
The investment portfolio
The Faculty's investments are all invested in a Multi-Asset Fund specifically tailored for Charity
Responsible Investment.
12 Debtors
2022
£
Trade debtors
30,479
Prepayments
5,855
Accrued income
117,614
153,948
13 Cash at bank and in hand
2022
£
Investment accounts
923
Cash at bank
450,490
451,413
14 Creditors: amounts falling due within one year
2022
£
Trade creditors
25,876
Other taxes and social security costs
8,564
Other creditors
1,392
Accruals
39,816
Deferred income
162,118
237,766		 Total
2021
£
507,598
19,672
(1,614)
34,675
560,331
495,348
£
560,331

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

Deferred income brought forward of £183,578 was released in the year and £162,118 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 2022 - Continued

15 Restricted funds

WG Johnston Memorial Fund
David Jenkins Memorial Fund
Apothecaries Fund
Instutute for Addressing Strangulation Fund
WG Johnston Memorial Fund
David Jenkins Memorial Fund
Apothecaries Fund		 Balance at
01/01/2022
Income
Expenses
£
£
£
33,754
-
-
23,799
-
-
1,094
300
(600)
-
93,614
(78,814)
58,647
93,914
(79,414)
Balance at
01/01/2021
Income
Expenses
£
£
£
33,754
-
-
23,799
-
-
198
1,500
(604)
57,751
1,500
(604)		 Balance at
31/12/2022
£
33,754
23,799
794
14,800
73,147
Balance at
31/12/2021
£
33,754
23,799
1,094
58,647

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 £2,400 has been deferred at the year end.

The Institute for Addressing Stangulation Fund represents the Home Office Grant to be used for Preventing Violence Against Women and Girls, and Support Children: ‘What works’ funding to set up the Institute for Addressing Strangulation and run training, raising awareness and research into Strangulation and Suffocation in partnership with SafeLives and Bangor University.

16 Unrestricted funds

Opening balance
Net surplus for the year
Closing balance		 2022
£
757,541
131,074
888,615		 2021
£
575,459
182,082
757,541

Faculty of Forensic and Legal Medicine

Notes to the financial statements for year ended 31 December 2022 - 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
2022
2022
2022
£
£
£
14,701
-
14,701
29,854
14,899
44,753
534,713
-
534,713
511,045
94,316
605,361
(201,698)
(36,068)
(237,766)
888,615
73,147
961,762
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

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 £10,887 (2021: £27,755) were made to Trustees in respect of fees to facilitate at the GFM Course. Payments were made to Dr Stark £10,887 (2021: £11,500) and Dr Gorton Nil (2021: £16,255). 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.

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 2022 which are set out on pages 19 to 30.

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: