## ## ||||Page| |---|---|---|---| |Report of the Trustees|||I to 10| |Report of the Independent
Auditors|||11to 12| |Statement
of Financial|Activities||13| |Balance Sheet|||14to 15| |Cash Flow Statement|||16| |Notes to the Cash Flow Statement|||17| |Notes to the Financial|Statements||18to 28| |Detailed Statement
of|Financial|Activities|29 to 30| # ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2020|2019| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted||Restricted|Total|Tata I| |||||||funds|funds|funds|funds| ||||||Notes|E|E|E|E| |INCOME AND ENDOWMENTS|||FROM||||||| |Charitable
activities|||||4||||| |Educational
Magazines||& Directory||||26,968||26,968|34,296| |Maintaining
Professional||Standards||&|||||| |Awareness||||||810,219||810,219|789,081| |Other trading
activities
Investment
income
Other Income|||||2
3|33,441
4,182
9 2||33,441
4,182
9 24~|54,579
7,045| |Total||||||884,055||884,055|885,001| |EXPENDITURE ON|||||||||| |Raising funds|||||5|2,489||2,489|1,457| |Charitable
activities|||||6||||| |Educational
Magazines||& Directory||||182,461||1827461|1827389| |Support
Services for Members||||||360,263||3607263|3617459| |Maintaining
Professional||Standards||&.|||||| |Awareness||||||377 334||377 334|42
74| |Total||||||922,547||922,547|970,047| |NET INCOME/(EXPENDITURE)||||||(38,492)||(387492)|(857046)| |RECONCILIATION
OF FUNDS|||||||||| |Total funds brought|forward|||||1,345,818||173457818|17430864| |TOTAL FUNDS CARRIED FORWARD||||||307 326|.|1307 326|1 345 8 8| ## ## |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Tota I| |||||funds|funds|funds|funds| ||||Notes|E|E|E|E| |FIXED ASSETS|||||||| |Intangible
assets
Tangible assets|||14
15|136,568
799,019||136,568
799,019|27,143
794,862| |Investments|||16|3||3|3| |||||935,590||935,590|822,008| |CURRENT ASSETS|||||||| |Stocks|||17|6,785||6,785|5,262| |Debtors
Cash at bank|||18|23,423
8 7676||23,423
047676|35,981
1013683| |||||877,884||877,884|1,054,926| |CREDITORS|||||||| |Amounts
falling|due within|one year|19|(506,148)||(5067148)|(5311116)| |NET CURRENT|ASSETS|||371736||3ยป36|523810| |TOTAL ASSETS|LESSCURRENT||||||| |LIABILITIES||||1,307,326||173077326|113451818| |NET ASSETS||||307326|-|1307 326|1 345 818| |FUNDS|||20||||| |Unrestricted
funds:|||||||| |General
fund||||||5847341|6227833| |Revaluation
Reserve||||||722985|722985| |||||||173077326|1 345 818| |Restricted
funds|||||||| |TOTAL FUNDS||||||1307326|13458 8| ## ## ## ## |||Notes|2020
E|2019
I| |---|---|---|---|---| |Cash flows from operating
activities:||||| |Cash generated
from operations
Interest
paid|||(39,180)
~779 )|(97,500)
~7617)| |Net cash provided
by (used in) operating
activities|||~46 371)|~105 117)| |Cash flows from investing
activities:||||| |Purchase of intangible
fixed assets
Purchase
of tangible
fixed assets
Interest
received|||(114,335)
(9,483)
8*|(27,143)
(968)
7 045| |Net cash provided
by (used in) investing
activities|||~229 636)|~21066)| |Change
in cash and cash equivalents|in|||| |the reporting
period
Cash and cash equivalents
at the
beginning
ofthe reporting
period|||(166,007)
0 3683|(126,183)
1 139866| |Cash and cash equivalents
at the end|of|||| |the reporting
period|||847 676|1013683| ## ## ## |OPERATING ACTI|VITIES||||||| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||E|f| |Net income/(expenditure)
the statement
of financial
Adjustments
for:||for the reporting
activities)||period|(as per|(38,492)|(85,046)| |Depreciation
charges||||||10,236|3,335| |Interest
received
Interest
paid
(Increase)/decrease
Decrease
in debtors|in stocks|||||(4,182)
7,191
(1,523)
12,558|(7,045)
7,617
251
11,426| |Decrease
ln creditors||||||(~24 968)|~28 038)| |Net cash provided|by (used In) operating||activities|||(~39 180)|~97 500)| |ANALYSIS OF CHANGES IN||NET FUNDS|||||| ||||||At 1.1.20
f|Cash flow
E|At 31.12.20
f| |Net cash|||||||| |Cash at bank|||||130133683|(1663007)|8476676| |Total|||||3 0 3603|~366003)|04
6 6| ## ## # ## ## ## ## ## ## ## ## ## ## ## |OTHER TRADING ACTIVITIES||| |---|---|---| ||2020|2019| ||E|I| |Sales of supplies|5,290|2,257| |ONce services
Sundry
Income|22,250
~5901|8,500
~43 822| ||~33441|~54 579| |INVESTMENT INCOME||| ||2020|2019| ||E|| |Deposit account interest|~4182|~7045| ## ## ## ## ||||||||2020|2019| |---|---|---|---|---|---|---|---|---| ||||Activity||||E|I| ||Publications||Educational|Magazines|& Directory||26,968|34,296| ||||Maintaining|Professional|Standards|&||| ||Fees from members||Awareness||||8~10219|~789 081| ||||||||8~37 187|823 377| |5.|RAISING FUNDS|||||||| ||Other trading|activities||||||| ||||||||2020|2019| ||||||||E|| ||Cost of supplies|sold|||||~2489|~1457| ## ## ||||||Grant|Grant||| |---|---|---|---|---|---|---|---|---| ||||||funding|of|Support|| |||||Direct|activities||costs|Totals| |||||costs||||| ||||||(See note||(See note|| |||||||7)|8)|| |||||E|||E|E| |Educational|Magazines|& Directory||109,587|||72,874|182,461| |Support Services for Members||||25,053|20,147||315,063|360,263| |Maintaining|Professional|Standards|&|||||| |Awareness||||1~34555|||~242 779|3~77334| |||||~269 195|~20|147|6~30716|9~20 058| |GRANTS PAYABLE||||||||| ||||||||2020|2019| ||||||||E|I| |Support Services for Members|||||||~20 147|~18 469| ## ## ## |SUPPORT|COSTS||||||| |---|---|---|---|---|---|---|---| ||||||Commun||Premises| |||||Staff costs|-ications|Office costs|cost's| |||||E|E|E|E| |Educational|Magazines|&|||||| |Directory||||33,691|6,524|29,220|1,042| |Support Services for
Members||||243,316|6,524|29,222|7,533| |Maintaining
Standards|Professional
&Awareness|||~97326|~6527|~29 231|~3013| |||||~374 333|~19 575|~87 673|~11588| ||||||Meeting 8||| ||||Finance||conference|Governance|| ||||costs|Other|expenses|costs|Totals| ||||E|E|E|E|E| |Educational|Magazines|&|||||| |Directory|||2,397||||72,874| |Support Services for
Members|||2,397|8,747|8,784|8,540|315,063| |Maintaining
Standards|Professional
&Awareness||~2397|~34990|~35 137|~34 158|2~42 779| ||||~7191|~43 737|~43 921|~42 698|6~30716| |Activity|||Basis of allocation||||| |Staff costs|||Use ofStaff Time||||| |Communications|||Use of Resources||||| |Office costs|||Use of Resources||||| |Premises costs|||Use of Staff Time||||| |Finance costs|||Use of Resources||||| |Other|||Use of Resources||||| |Meeting
&|conference||||||| |expenses|||Use of Resources||||| |Governance|costs||Use of Resources||||| ## |Net Income/(expenditur|e)
Is stated after charging/(cre|diting):|| |---|---|---|---| |||2020|2019| |||E|I| |Auditors'
remuneration||8,500|8,500| |Taxation compliance
services
Depreciation
- owned assets
Development
costs amortisation||1,034
5,326
~4910|939
3,335| ## ## ## ## ## ## |||2020|2019| |---|---|---|---| |||E|E| |Wages|and salaries|389,150|375,586| |Social|security costs|35,665|35,320| |Other|pension costs|~27 768|~27 147| |||4~52 583|~438 053| |The full time equivalent
number
of employees|for the year was as follows;|| |---|---|---| ||2020|2019| |Membership|4|5| |Technical|1.6|1.6| |Support|4|4| |Total|9.6|10.6| |The average
monthly
number
of employees
during
th|e year was as follows:|| |---|---|---| ||2020|2019| |Management|2|2| |Support services for members|2|2| |Administration|8|7| ||12|| ## ## ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||funds|funds|funds| |||||E||I| |INCOME AND ENDOWMENTS||FROM||||| |Charitable
activities||||||| |Educational
Magazines
Maintaining
Professional|85 Directory
Standards||&Awareness|34,296
789,081||34,296
789,081| |Other trading
activities||||19,866|34,713|54,579| |Investment
Income||||7 D4~||045| |Total||||850,288|34,713|885,001| |EXPENDITURE ON||||||| |Raising
funds||||1,457||1,457| |Charitable
activities||||||| |Educational
Magazines|85 Directory|||182,389||182,389| |Support Services for Members
Maintaining
Professional
Standards|||85 Awareness|361,459
390 D29|34 7 3|361,459
424 742| |Total||||935,334|34,713|970,047| |NET INCOME/(EXPENDITURE)||||(85,046)||(85,046)| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
forward||||1,430,864||1,430,864| |TOTAL FUNDS CARRIED FORWARD||||3 ~ 0 8|-|1345818| ## ## ## ## ## |INTANGIBLE FIXED ASSETS|||| |---|---|---|---| |||Development|| ||||costs| ||||E| |COST|||| |At 1st January
2020
Additions|||111,651
1~14335| |At 31st December 2020|||2~25 986| |AMORTISATION|||| |At 1st January
2020
Charge for year|||84,508
~4910| |At 31st December 2020|||~89418| |NET BOOK VALUE|||| |At 31st December 2020|||1~36568| |At 31st December 2019|||~27 143| |TANGIBLE FIXEDASSETS|||| ||Freehold|Fixtures|| ||property|and fittings|Totals| ||E|E|E| |COST|||| |At 1st January
2020|790,000|135,965|925,965| |Additions
Dlsposals||9,483
~17120)|9,483
~17120)| |At 31st December 2020|7~90 000|1~28328|9~18328| |DEPRECIATION|||| |At 1st January
2020
Charge for year||131,103
5,326|131,103
5,326| |Eliminated
on disposal||~17120)|~17120)| |At 31st December 2020||~119309|1~19309| |NET BOOK VALUE|||| |At 31st December 2020|7~90000|~9019|7~99019| |At 31st December 2019|~790 000|~4862|~794 862| ## ## ## ## |Nature
of|business|:|Trading
Subsidiary|||||| |---|---|---|---|---|---|---|---|---| |||||o/o||||| |Class ofshare:||||holding||||| |Ordinary||||100||||| |||||||2020||2019| |||||||E||I| |Aggregate|capital|and reserves|||||1|1| |Greenplumb
Limited||||||||| |Registered|office:|64 Station Lane, Hornchurch,||England,|RM12 6NB|||| |Nature of|business:||Non-trading|||||| |||||o/o||||| |Class ofshare:||||holding||||| |Ordinary||||100||||| |||||||2020||2019| |Aggregate|capital|and reserves||||E|I|I
1| |Safeplumb|Limited|||||||| |Registered|office:|64 Station Lane, Hornchurch,||England,|RM12 6NB|||| |Nature
of business:|||Non-trading|||||| |||||o/o||||| |Class ofshare:||||holding||||| |Ordinary||||100||||| |||||||2020||2019| |||||||E||E| |Aggregate|capital|and reserves|||||1|1| ## ## ## ## |||||||||| |---|---|---|---|---|---|---|---|---| |17.|STOCKS|||||||| ||||||||2020|2019| ||||||||E|E| ||Stocks||||||~6785|~5262| |18.|DEBTORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||| ||||||||2020|2019| ||||||||6|E| ||Trade debtors
Other debtors||||||3,480
100|739
5,621| ||VAT
Prepayments|8L accrued||Income|||~19843|7,080
~22 541| ||||||||~23 423|~35 981| |19.|CREDITORS:|AMOUNTS|||FALLING|DUE WITHIN ONE YEAR||| ||||||||2020|2019| |||||||||E| ||Trade creditors||||||76,840|50,901| ||Social security|and|other|taxes|||15,342|11,233| ||VAT||||||4,097|| ||Other creditors
EU project funding||creditor||||6,747
301,514|12,548
301,514| ||Defe r red income
Accrued expenses||||||74,703
~26 905|142,775
~12 145| ||||||||5~06 148|~531 116| ## ## ## |MOVEMENT|IN|FUNDS||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||Net||| |||||||||movement||| ||||||||At 1.1.20
f|in funds
f||At 31.12.20
f| |Unrestricted|funds|||||||||| |General
fund
Revaluation|Reserve||||||622,833
22 98~|(387492)||5847341
722 985| ||||||||1,345,818|(387492)||173077326| |TOTAL FUNDS|||||||13
8 8|~30492)||130 3*6| |Net movement||in funds,|Included||in|the above|are as follows:|||| ||||||||Incoming|Resources||Movement| ||||||||resources|expended||in funds| ||||||||E|E||E| |Unrestricted|funds|||||||||| |General
fund|||||||6847055|(9227547)||(367492)| |TOTAL FUNDS|||||||8~84 055|(9~22 547)||~38492)| |Comparatives||for movement|||in funds|||||| |||||||||Net||| |||||||||movement||| ||||||||At 1.1.19
E|in funds
f|At 31.12.19
f|| |Unrestricted|Funds|||||||||| |General
fund
Revaluation
Reserve|||||||7077879
722 905|(857046)||6227833
722 90~| ||||||||174307864|(857046)||173457818| |TOTAL FUNDS|||||||14~0 06|~00 046)||1345
8| |Comparative|net movement|||In funds,||included|in the above are as follows:|||| ||||||||Incoming|Resources||Movement
in| ||||||||resources
f|expended
E||funds
E| |Unrestricted|funds|||||||||| |General
fund|||||||8507288|(9357334)||(857046)| |Restricted
funds||||||||||| |Legal advice|for|Brexlt|||||34,713|(34,713)||| |TOTAL FUNDS|||||||8~85 001|(9~70047)||~85 046)| ## ## ## |A curren|t ye|ar 12 months
and prior ye|ar 12 months
combined
position|ls as follows:|| |---|---|---|---|---|---| |||||Net|| |||||movement|| ||||At' 1.1.19|in funds|At 31.12.20| ||||E|E|E| |Unrestricted||funds|||| |General
fund
Revaluation||Reserve|707,879
722 90~|(1237538)|5847341
722 905| |TOTAL|FUNDS||1430064|u)23 ~30)|307326| |the above ar|
e as follows;|

||,

| |---|---|---|---|---| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||E|E|E| |Unrestricted|funds|||| |General
fund||177347343|(178577881)|(1237538)| |Restricted funds
Legal advice for Brexlt||34 713|~34 7 3)|| |TOTAL FUNDS||1769 056|u 09*59 )|@123530)| ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||||E|I| |INCOME AND|ENDOWMENTS||||| |Other trading|activities||||| |Sales of supplies
Offic services
Sundry
income||||5,290
22,250
~5901|2,257
8,500
~43 822| |||||33,441|54,579| |Investment
income|||||| |Deposit account|Interest|||4,182|7,045| |Charitable
activities|||||| |Fees from members||||810,219|789,081| |Publications||||~26 968|~34 296| |||||837,187|823,377| |Other income|||||| |HMRC job retention||scheme||~9245|| |Total incoming|resources|||884,055|885,001| |EXPENDITURE|||||| |Other trading|activities||||| |Cost of supplies|sold|||2,489|1,457| |Charitable
activities|||||| |Wages||||41,645|42,727| |Social security
Pensions
Maintaining
professional|||standards|3,278
2,050
57,617|3,431
2,125
57,769| |Magazine
costs
Awareness||||99,848
55,018|96,280
85,172| |Service for members||||9,739|10,378| |Grants to institutions||||~20 147|~18469| |||||289,342|316,351| |Support costs|||||| |Staff costs|||||| |Wages||||319,212|305,908| |Social security||||29,556|29,199| |Pensions
Other staff costs||||23,678
~1887|23,030
~3717| |||||374,333|361,854| |Communications|||||| |Telephone
Postage and stationery||||3,422
~16153|2,384
~18316| |||||19,575|20,700| ## ## ||||2020|2019| |---|---|---|---|---| |||||I| |Office costs||||| |Insurance
Postage and stationery|||12,136
12,919|11,442
17,730| |Repairs and renewals
Sundries|||6,371
4,945|23,960
6,631| |IT support
services
Depreciation
of tangible||fixed assets|41,066
~10236|33,241
~3335| |Premises costs|||87,673|96,339| |Rates and water|||3,245|3/233| |Light and heat
Premises
repairs|||4,277
~4066|3,983
~8342| ||||11,588|15,558| |Finance costs||||| |Bank charges
Card service charges|||1,728
~5463|2,091
~5526| |Other|||7,191|7,617| |Legal & professional
Subscrlptlons
Unrecoverable
VAT|fees||11,375
5,191
~27 171|8,303
5,597
~26 170| |Meeting 8 conference||expenses|43,737|40,070| |Meeting expenses|||22,051|55,779| |Website expenses|||~21870|~13250| ||||43,921|69,029| |Governance
costs||||| |Wages|||28,293|26,951| |Social security|||2,831|2,690| |Pensions|||2,040|1,992| |Auditors'
remuneration
Auditors'
remuneration||for non audit work|8,500
~1034|8,500
939| ||||~42 698|~41 072| |Total resources expended|||922,547|970,047| |Net expenditure|||~38492)|~85 046)|