| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 2 | to | 11 | |
| Report ofthe Independent Auditors |
12 | to | 14 | |
| Statement of Flnanclal |
Actlvlties | 15 | ||
| Balance Sheet | 16 | to | 17 | |
| Cash Flow Statement | 18 | |||
| Notes to the Cash Flow Statement | 19 | |||
| Notes to the Financial | Statements | 20 | to | 30 |
| Detailed Statement of |
Financial Activities | 31 | to | 33 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tata I | ||||||
| Notes | funds f |
funds f |
funds f |
fundsf | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Charitable activities |
|||||||||
| Educational Magazines |
66 Directory | 22,381 | 22,381 | 26,968 | |||||
| Maintaining Professional |
Standards | 86 | |||||||
| Awareness | 803,600 | 803,600 | 810,219 | ||||||
| Other trading activities |
2 | 27,752 | 27,752 | 33,44i | |||||
| Investment income Other income |
3 | 1,002 28 249 |
1,002 28 249 |
4,182 9 246 |
|||||
| Total | 882,984 | 882,984 | 884,055 | ||||||
| EXPENDITURE ON | |||||||||
| Raising funds |
4,713 | 4,713 | 2,489 | ||||||
| Charitable actlvltles |
|||||||||
| Educational Magazines 86 Directory Support Services for Members |
190,797 392,817 |
190,797 392,817 |
182,461 360,263 |
||||||
| Maintaining Professional |
Standards | & | |||||||
| Awareness | 329,563 | 329,563 | 377,334 | ||||||
| Total | 917,890 | 917,890 | 922,547 | ||||||
| NET INCOME/(EXPENDITURE) | (34,906) | (347906) | (38492) | ||||||
| RECONCILIATION OF |
FUNDS | ||||||||
| Total funds brought | forward | 1,307,326 | 173077326 | 1 345 818 | |||||
| TOTAL FUNDS CARRIED FORWARD | 1 272 420 | - | 1 272 420 | 1 307 326 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds f |
funds f |
funds f |
fundsf | ||
| FIXED ASSETS | ||||||
| Intangible assets |
14 | 123,721 | 123,721 | 136,568 | ||
| Tangible assets | 15 | 795,880 | 795,880 | 799,019 | ||
| Investments | 16 | 3 | 3 | 3 | ||
| 919,604 | 919,604 | 935,590 | ||||
| CURRENT ASSETS | ||||||
| Stocks Debtors Cash at bank |
17 18 |
6,520 34,808 ~1~ 822 |
6,520 34,808 515822 |
6,785 23,423 847 676 |
||
| 557,150 | 557,150 | 877,884 | ||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 19 | (204,334) | (204,334) | (506,148) | |
| NET CURRENT ASSETS | 352 816 | 352816 | 371736 | |||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 1,272,420 | 172727420 | I 307 326 | |||
| NET ASSETS | 1 272 420 | 1 272 420 | 1307326 | |||
| FUNDS | 20 | |||||
| Unrestricted funds: |
||||||
| General fund Fair Value Reserve |
549,435 722 88~ |
584,341 722 685 |
||||
| 1 272 420 | 1307326 | |||||
| TOTAL FUNDS | 1 272420 | 1307 326 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | E | 6 | ||
| Cash flows from operating | activities | |||
| Cash generated from operations Interest paid |
(288,704) ~12927) |
(39,180) ~7191) |
||
| Net cash used in operating activities |
~303631) | ~46 371) | ||
| Cash flows from Investing | activities | |||
| Purchase of intangible fixed assets Purchase of tangible fixed assets Interest received |
(30,030) (1,195) 1002 |
(114,335) (9,483) 4 182 |
||
| Net cash used in investing activities |
~30223) | ~)19636) | ||
| Change In cash and cash |
equivalents | |||
| In the reporting period Cash and cash equivalents beginning ofthe reporting |
at the period |
(331,854) 847 676 |
(166,007) 1013683 |
|
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
~1~ 822 | 847 676 |
| RECONCILIATION | OF NET EXPENDITURE | OF NET EXPENDITURE | TO NET CASH FLOW FROM | TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | I | |||||
| Net expenditure for the reporting of Financial Activities) Adjustments for: Depreciation charges |
period | (as per the Statement | 47,211 (34,906) |
10,236 (38,492) |
||
| Interest received Interest paid |
(1,002) 12,927 |
(4,182) 7,191 |
||||
| Decrease/(increase) in stocks (Increase)/decrease in debtors Decrease In creditors |
265 (11,385) ~301814) |
(1,523) 12,558 ~24 968) |
||||
| Net cash used ln |
operations | ~288 704) | ~39 180) | |||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||||
| At 1.1.21 I |
Cash flow | At 31.12.21 E |
||||
| Net cash | ||||||
| Cash at bank | ~847 | 676 | {331854) | ~1~ 822 | ||
| ~847 | 676 | {331854) | 515822 | |||
| Total | ~847 | 676 | {331854) | 51~ 822 |
| 2021 f |
2020 E |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Sales of supplies | 71121 | 5,290 | ||||||||
| Office services Sundry income |
9,088 ~11543 |
22,250 ~5901 |
||||||||
| ~27 752 | ~33 441 | |||||||||
| INVESTMENT INCOME | ||||||||||
| 2021 f |
2020 | |||||||||
| Deposit account | interest | ~1002 | ~4182 | |||||||
| INCOME FROM CHARITABLE | ACTIVITIES | |||||||||
| Publications | Activity Educational Maintaining |
Magazines 5 Professional |
Directory Standards |
5 | 2021 f 22,381 |
2020 E 26,968 |
||||
| Fees from members | Awareness | ~803 600 | ~810219 | |||||||
| ~825 981 | ~837 187 | |||||||||
| RAISING FUNDS | ||||||||||
| Other trading | activities | |||||||||
| 2021 f |
2020 E |
|||||||||
| Cost of supplies | sold | ~4713 | ~2489 | |||||||
| CHARITABLE ACTIVITIES COSTS | ||||||||||
| Grant | ||||||||||
| funding | of | |||||||||
| activities | Support | |||||||||
| Direct | (see note | costs (see | ||||||||
| Costs | 7) | note 8) | Totals | |||||||
| E | E | E | E | |||||||
| Educational Magazines 5 Directory Support Services for Members |
104,222 27,371 |
20,790 | 86,575 344,656 |
190,797 392,817 |
||||||
| Maintaining Professional Awareness |
Standards | fk | ~118191 | ~211372 | ~329 563 | |||||
| ~249 784 | ~20 790 | ~642 603 | ~913177 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| E | I | ||||||
| Support Services for Members | ~20 790 | ~20 147 | |||||
| SUPPORT | COSTS | ||||||
| Staff | Commun- | Office | Premises | ||||
| costs I |
ications E |
costs I |
costs I |
||||
| Educational | Magazines | 5 | |||||
| Directory | 33,085 | 7,040 | 41,402 | 739 | |||
| Support Services for Members |
238,956 | 7,039 | 41,402 | 5,327 | |||
| Maintaining Standards |
Professional tk Awareness |
~95582 | ~7041 | ~41413 | ~2131 | ||
| 3~67623 | ~21 120 | 1~24217 | ~8197 | ||||
| Meeting 5 | |||||||
| Finance | conference | Governance | |||||
| costs I |
Other E |
expenses I |
costs I |
Totals E |
|||
| Educational | Magazines | ar | |||||
| Directory | 4,309 | 86,575 | |||||
| Support Services for Members |
4,308 | 5,995 | 7,341 | 34,288 | 344,656 | ||
| Maintaining Standards |
Professional 5Awareness |
~4310 | ~23 981 | ~29 363 | ~7551 | 2~11372 | |
| ~12 927 | ~29 976 | ~36 704 | ~41 839 | 6~42 603 |
| Net income/(expenditure) is stated after charging/(crediti |
ng): | |
|---|---|---|
| 2021 | 2020 | |
| Auditors' remuneration Taxation compliance services Depreciation —owned assets Development costs amortisation |
8,500 939 4,334 ~42 877 |
8,500 1,034 5,326 ~4910 |
| president during the STAFF COSTS |
ye | ar. Expen | diture relat |
ed | to | the Presidents dinner event |
were NIL (2 |
were NIL (2 |
020: | 65,964) | 65,964) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||
| E | 6 | ||||||||||
| Wages and salaries | 374,139 | 389,150 | |||||||||
| Social security costs | 34,578 | 35,665 | |||||||||
| Other pension costs | ~27 826 | ~27 | 768 | ||||||||
| ~436543 | ~452 | 583 | |||||||||
| The full time equivalent | number | ofemployees | for | the year was as follows; | |||||||
| 2021 | 2020 | ||||||||||
| Membership Technical |
4 1.6 |
4 1.6 |
|||||||||
| Support | 4 | 4 | |||||||||
| Total | 9.6 | 9.6 | |||||||||
| The average monthly |
number of | employees | during | the year was as follows: | |||||||
| 2021 | 2020 | ||||||||||
| Management | 3 | 2 | |||||||||
| Support services for | members | 2 | 2 | ||||||||
| Administration | 6 | 8 | |||||||||
| 12 |
| The num was: |
be | r of employees whose employee benefits |
(excluding employer pension costs) exc |
eeded 660 |
|---|---|---|---|---|
| 2021 | 2020 | |||
| 660,001 | - | 670,000 | 1 | |
| 690,001 | - | EI00,000 | 1 |
| COMPARAT | IVES FOR |
THE STA | T | EMENT | OF FINANCIAL | ACTIVITIES | |||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| funds | funds | funds | |||||||
| 6 | f | 6 | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Charitable | activities | ||||||||
| Educational | Magazines | 84 Directory | 26,968 | 26,968 | |||||
| Maintaining | Professional | Standards | & | ||||||
| Awareness | 810,219 | 810,219 | |||||||
| Other trading activities |
33,441 | 33,441 | |||||||
| Investment | income | 4,182 | 4,182 | ||||||
| Other Income | 9 249 | 9 249 | |||||||
| Total | 884,055 | 884,055 | |||||||
| EXPENDITURE ON | |||||||||
| Raising funds |
2,489 | 2,489 | |||||||
| Charitable | activities | ||||||||
| Educational | Magazines | &Directory | 182,461 | 182,461 | |||||
| Support Services for Members | 360,263 | 360,263 | |||||||
| Maintaining | Professional | Standards | & | ||||||
| Awa ren e as | 377,334 | 377,334 | |||||||
| Total | 922,547 | 922,547 | |||||||
| NET INCOME/(EXPENDITURE) | (38,492) | (38,492) | |||||||
| RECONCILIATION OF FUNDS |
|||||||||
| Total funds | brought | forward | 1,345,818 | 1,345,818 | |||||
| Page 25 | continued .. |
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| E | E | E | |||
| TOTAL FUNDS CARRIED FORWARD | 1,307 326 | — | 1307 326 | ||
| 14. | INTANGIBLE FIXED ASSETS | ||||
| Development | |||||
| costs | |||||
| E | |||||
| COST | |||||
| At 1)anuary 2021 | 225,986 | ||||
| Additions | 30,030 | ||||
| Disposals | ~22 625) | ||||
| At 31 December 2021 | 2~33391 | ||||
| AMORTISATION | |||||
| At 1january 2021 |
89,418 | ||||
| Charge for year | 42,877 | ||||
| Eliminated on disposal |
~22 625) | ||||
| At 31 December 2021 | 1~09670 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 1~23721 | ||||
| At 31 December 2020 | ~136568 | ||||
| 15. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| Freehold | and | ||||
| property | fittings | Totals | |||
| E | E | E | |||
| COST | |||||
| At 1january 2021 Additions |
790,000 | 128,328 ~1195 |
918,328 ~1195 |
||
| At 31 December 2021 | 7~90000 | 1~29523 | 9~19523 | ||
| DEPRECIATION | |||||
| At 1 )anuary 2021 Charge for year |
119,309 ~4334 |
119,309 ~4334 |
|||
| At 31December 2021 | 1~23643 | 1~23643 | |||
| NET BOOK VALUE | |||||
| At 31 December 2021 | 7~90000 | ~5880 | 7~95 880 | ||
| At 31 December 2020 | ~790 | 000 | ~9019 | ~799 019 |
| 16. | FIXED ASSET INVESTMENTS - continued | FIXED ASSET INVESTMENTS - continued | FIXED ASSET INVESTMENTS - continued | FIXED ASSET INVESTMENTS - continued | ||||
|---|---|---|---|---|---|---|---|---|
| Safeplumb Limited |
||||||||
| Registered office: |
64 Station Lane, Hornchurch, | England, | RM12 6NB | |||||
| Nature of business: |
Non-trading | |||||||
| o/o | ||||||||
| Class ofshare: | holding | |||||||
| Ordinary | 100 | |||||||
| 2021 | 2020 | |||||||
| E | 6 | |||||||
| Aggregate capital and |
reserves | 1 | 1 | |||||
| Market value is considered |
to be the same as historical cost. | |||||||
| 17. | STOCKS | |||||||
| 2021 | 2020 | |||||||
| E | E | |||||||
| Stocks | ~6520 | ~6785 | ||||||
| 18. | DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2021 | 2020 | |||||||
| E | 6 | |||||||
| Trade debtors Other debtors |
5,015 100 |
3,480 100 |
||||||
| VAT | 2,951 | |||||||
| Prepayments 8i accrued |
income | ~26 742 | ~19843 | |||||
| ~34808 | ~23 423 | |||||||
| 19. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE | YEAR | |||||
| 2021 | 2020 | |||||||
| E | 6 | |||||||
| Trade creditors | 40,059 | 76,840 | ||||||
| Social security and |
other taxes | 17,465 | 15,342 | |||||
| VAT Other creditors |
10,451 | 4,097 6,747 |
||||||
| EU project funding Deferred income Accrued expenses |
creditor | 121,194 ~15165 |
301,514 74,703 ~26 905 |
|||||
| ~204 334 | ~506 148 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.21 I |
in funds 6 |
31.12.21 I |
|||
| Unrestricted | funds | ||||
| General fund Fair Value Reserve |
584,341 722 9' |
(347906) | 5497435 7229' |
||
| 1307326 | ~349067 | 1 272 420 | |||
| TOTAL | FUNDS | 1 307326 | ~34906] | 1 272 420 |
| Net mo | vement | in funds, include |
d in the above are a |
s follows: | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||
| resources I |
expended 6 |
in funds | ||||
| Unrestricted | funds | |||||
| General | fund | 882,984 | (917,890) | (34,906) | ||
| TOTAL | FUNDS | ~882 984 | ~917890) | ~34906) | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.1.20 I |
in funds 6 |
31.12.20 I |
||||
| Unrestricted | funds | |||||
| General | fund | 622,833 | (38,492) | 584,341 | ||
| Fair Value Reserve | 722 985 | 722 985 | ||||
| 1345 818 | ~38 4925 | 1 307 326 | ||||
| TOTAL | FUNDS | 1 345 818 | ~38492] | 1 307 326 |
| Compara | tive | net movement In funds, inclu |
ded in the above are as follows: |
||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources I |
expended I |
in funds 6 |
|||
| Unrestricted | funds | ||||
| General | fund | 884,055 | (922,547) | (38,492) | |
| TOTAL | FUNDS | ~884 055 | ~922 547) | ~38492) |
| A curren | t yea | r 12 months and prior year |
12 months combined position is as |
follows: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At' | ||||
| At 1.1.20 | in funds | 31.12.21 | |||
| E | E | E | |||
| Unrestricted | funds | ||||
| General | fund | 622,833 | (73,398) | 549,435 | |
| Fair Value Reserve | 722 985 | 722 985 | |||
| 1345 818 | ~73 3987 | 1 272 4211 | |||
| TOTAL | FUNDS | 1 345 818 | ~73 3987 | 1 272 429 |
| above a | re as | follows; | |||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| E | E | E | |||
| Unrestricted | funds | ||||
| General | fund | 1,767,039 | (1,840,437) | (73,398) | |
| TOTAL | FUNDS | 1 767 039 | (1~840437) | ~73 398) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | ||||
| INCOME AND ENDOWMENTS | ||||
| Other trading activities |
||||
| Sales of supplies Offic services Sundry income |
71121 9,088 ~11543 |
5,290 22,250 ~5901 |
||
| 27,752 | 33,441 | |||
| Investment Income |
||||
| Deposit account Interest | 1,002 | 4,182 | ||
| Charitable activities |
||||
| Fees from members Publications |
803,600 ~22 381 |
810,219 ~26 968 |
||
| 825,981 | 837,187 | |||
| Other Income | ||||
| HMRC job retention | scheme | 9,245 | ||
| Grant income | ~28 249 | |||
| ~28 249 | ~9245 | |||
| Total incoming resources |
882,984 | 884,055 | ||
| EXPENDI'TURE | ||||
| Other trading activities Cost of supplies sold |
4,713 | 2,489 | ||
| Charitable activities |
||||
| Wages | 42,060 | 41,645 | ||
| Social security Pensions Maintaining professional Magazine costs |
standards | 3,281 2,059 56,637 96,599 |
3,278 2,050 57,617 99,848 |
|
| Awareness | 41,525 | 55,018 | ||
| Service for members Grants to institutions |
7,623 ~20 790 |
9,739 ~20 147 |
||
| 270,574 | 289,342 | |||
| Support costs Staff costs |
||||
| Wages | 304,444 | 319,212 | ||
| Carried forward |
304,444 | 319,212 |
| 2021I | 2020I | |||
|---|---|---|---|---|
| Staff costs | ||||
| Brought forward | 304,444 | 319,212 | ||
| Social security | 28,576 | 29,556 | ||
| Pensions 0ther staff costs |
231723 ~10880 |
23,678 ~1887 |
||
| 367,623 | 374,333 | |||
| Communlcatlons | ||||
| Telephone Postage and stationery |
3,429 ~17691 |
3,422 ~16 153 |
||
| 21,120 | 19,575 | |||
| Office costs | ||||
| Insurance | 14,274 | 12,136 | ||
| Postage and stationery | 13,459 | 12,919 | ||
| Repairs and renewals | 5,621 | 6,371 | ||
| Sundries ITsupport services Depreciation of tangible |
fixed assets | 3,087 40,565 ~47 211 |
4,945 41,066 ~10 236 |
|
| 124,217 | 87,673 | |||
| Premises costs | ||||
| Rates and water Light and heat Premises repairs |
3,247 1,934 ~3016 |
3,245 4,277 ~4066 |
||
| 8,197 | 11,588 | |||
| Finance costs | ||||
| Bank charges Card service charges |
6,223 ~6704 |
1,728 ~5463 |
||
| 12,927 | 7,191 | |||
| Other | ||||
| Legal S.professional Subscriptions Unrecoverable VAT |
fees | 5,955 5,046 ~18975 |
11,375 5,191 ~27 171 |
|
| 29,976 | 43,737 | |||
| Meeting 8 conference Meeting expenses Website expenses |
expenses | 9,489 ~27 215 |
22,051 ~21 870 |
|
| 36,704 | 43,921 |
| 2021 6 |
2020I | ||
|---|---|---|---|
| Meeting tk conference |
expenses | ||
| Governance costs |
|||
| Wages | 27,635 | 28,293 | |
| Social security | 21721 | 2,831 | |
| Pensions Auditors' remuneration Auditors' remuneration |
for non audit work | 2,044 8,500 939 |
2,040 8,500 ~1034 |
| ~41839 | ~42 698 | ||
| Total resources expended | 9~17890 | ~922 547 | |
| Net expenditure | ~34906) | ~38492) |