## ## ||||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)|