2022-12-31-accounts - Faculty Of Occupational Medicine

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Trustees' Report
Introduction from the President	and Chair ofTrustees
Charity information
Board of Trustees, Council and other key appointments
Membership
Reference and administrative		information
Structure, governance	and management
Charitable objectives
Progress against strategic objectives
Finance review			15
Statement ofTrustees' Responsibilities			20
Independent Auditors' Report			22
Statement of Financial Activities			26
Statement of Financial Position			27
Statement ofCash Flows			2B
Notes to the Financial Statements			29

bership
			2021	2022
Fellows			244
Honorary	Fellows		101	105
Members			365	348
Associates			107	102
Specialty	Trainees		69	67
Affiliating	Diplomates		332	336
Life Members			90	90
Retired Members				32
Revalidating Subscribers			12
Affiliate			16	25
Student/foundation		year doctor	19	33
Total			1,3dd	1,3d9

			General	Restricted	Total	Total
			Funds	Funds	2022	2021
		Notes
INCOME FROM
Charitable activities
Subscriptions			393,977		393,977	405,955
Qualifications and training			301,248		301,248	338,277
Publications			6,307		6,307	7,640
SEQOHS			564,085		564,085	577,476
MoHaWK			12,350		12,350	13,425
Revalidation			115,998		115,998	117,962
Grants and contracts				29,166	29,166	70,000
Conferences and events			7,228		7,228	1,154
Other activities
Other income			2,000		2,000	1,148
Interest on mortgage			54,940		54,940	0
Investment income			4,960		4,960	636
Total			1,463,093	29,166	1,492,259	1,533,673
EXPENDITURE
Charitable activities		2,34	1,090,257	38,779	1,129,036	1,104,069
Net income/(expenditure)			372,836	(9,613)	363,223	429,604
Net movement in funds			372,836	(9,613)	363,223	429,604
Reconciliation of funds
Total funds brought	forward at
I January 2022		14	2,135,625	124,809	2,260,433	1,830,829
Total funds carried forward at
31 December 2022			2,508,460	115,196	2,623,656	2,260,433

STATEMENT OF FINANCIAL	POSITION	POSITION
31 December 2022
			2022		2021
Notes		E	5	E	E
FIXED ASSHS
Tangible assets
			1,386,604		1,444,325
Intangible assets					1,365
			1,386,604		1,445,690
CURRENT ASSETS
Debtors	9	154,849		122,037
Cash on deposit		368,914		368,503
Cash at bank and in
hand		1,202,043		1,393,213
		1,725,806		1,883,753
CREDITORS
Amounts falling due
within one year	10	(488,754)		(533,053)
		(488,754)		(533,053)
NET CURRENT ASSETS			1,237,052		1,350,700
CREDITORS
Amounts falling due
after more than one
year					(535,957)
NET ASSHS			R,e23,65e		2,260,433
Unrestricted funds
Generol funds	14	2,508,460		2,135,625
			2,508,460		2,135,625
Restricted funds	14		115,196		124,808
TOTAL FUNDS			2,623,656		2,260,433

			2022	2021
STATEMENT OF CASH FLOWS
Year ended 31 December 2022
Reconciliation ofnet income / (expenditure)		to
net cash tlow from operating activities
Net expenditure for the reporting period per		SOFA	363,223	429,605
Depreciation charges			61,312	86,790
Interest payable			25,466	26,942
Dividends and interest from investments			[4,960)	(636)
(Increase)/decrease in debtors			(32,812)	4,894
(Increase)/decrease in creditors			(18,293)	[111,914)
Net cash (used in) operating activities			393,938	435,681
Cash flows from investing activities:
Dividends and interest from investments			4,960	637
Purchase of property, plant and equipment			(2,227)	[9,291)
Net cash (used in) investing activities			2,733	(8,654)
Cash flows from financing activities:
Interest payable			(25,466)	(26,942)
Loan repayment			(507,024)	(25,082)
Mortgage repayment- funding break fund			[54,940)
Net cash provided by investing activities			(587,430)	(52,024)
Change in cash and cash equivalents	in the
reporting period			(190,759)	375,003
Cash and cash equivalents at the beginning		ofthe
reporting period			1,761,716	1,386,713
Cash and cash equivalents at the end	ofthe
reporting period			1,570,957	1,761,'716
			2022	2021
Analysis of cash and cash equivalents:			5
Cash in hand			1,202,043	1,393,213
Notice deposits (less than 3months)			368,914	368,503
Total cash and cash equivalents			1,570,957	1,761,716

ANALYSIS OF	COSTS	Direct	Direct	Support	Total	Total
		Costs	Salaries	Costs	2022	2021
		8	8		8	5
Qualifications	and training
		36,271	145,749	92,828	274,848	282,171
Publication			5,551	3,535	9,086	17,085
Revalidation,	professional
development and standards		13,779	91,753	58,438	163,970	140,338
Administration	of funds		1,837	1,170	3,007	3,381
Conferences,	events and projects	23,457	17,461	11,121	52,039	32,817
Membership		71,117	51,975	33,103	156,195	192,424
Meetings		4,705			4,705	7,955
MoHAWK		7,900	1,837	1,170	10,907	18,054
SEQOHS		154,081	159,703	101,715	415,500	369,100
		311,311	475,866	303,080	1,090,257	1,063,325

3	BREAKDOWN	OF SUPPORT COSTS	2022	2021
			E	E
	Staff		49,866	50,906
	Communication		8,491	6,351
	PUinting, postage and stationery		4,092	4,365
	Premises		35,289	76,563
	Repairs and	maintenance	15,213	12,289
	Advertising and recruitment		12,000	2,110
	Irrecoverable	VAT	(10,557)	11,784
	Accountancy	fees	783	731
	Governance	costs	60,900	48,845
	Depreciation		61,312	86,790
	Other direct	costs	65,691	66,827
			303,080	367,561
4	GOVERNANCE COSTS		2022	2021
			E	E
	Staff		50,612	37,599
	Audit fees		9,750	9,000
	Trustees' meetings		538	2,246
			60,900	48,845

STAFF COSTS		2022	2021
		8	8
Wages and salaries		498,668	422,135
Social security costs		50,951	40,987
Pension costs		26,725	16,818
		576,344	479,940
The average head count (number ofstaff employed	during the
year) was:

7	TANGIBLE FIXED	Properly	Air-	Fixtures and	Office	Total
	ASSETS		conditioning	fittings	equipment
			plant
			5
	Cost
	At I January 2022	1,547,216	132,594	47,570	72,457	1,799,837
	Additions				2,227	2,227
	Disposals
	At 31 December 2022	1,547,216	132,594	47,570	74,684	1,802,064
	Depreciation
	At I January 2022	(134,252)	[114,915)	[41,228)	(65,117)	(355,512)
	Depreciation in
	current year	(30,944)	(17,679)	(6,341)	(4,983)	(59,947)
	Depreciation on
	disposals
	At 31 December 2022	(165,196)	(132,594)	(47,570)	(70,100)	(415,460)
	Net Book Value
	At 31 December 2022	1,382,020			4,584	1,386,604
	At 31 December 2021	1,412,964	17,679	6,342	7,340	1,444,325
8	INTANGIBLE FIXEDASSETS			ITProjects	Total
	Cost
	At I January 2022			77,860	77,860
	Additions
	Disposals
	At 31 December 2022			77,860	77,860
	Amortisation
	At I January 2022			(76,495)	(76,495)
	Amortisation in current year			(1,365)	(1,365)
	Amortisation on disposals
	At 31 December 2022			(77,860)	(77,860)
	Net Book Value
	At 31 December 2022
	At 31 December 2021			1,365	1,365


9	DEBTORS			2022	2021
				E	E
	Accrued income			3,896	500
	Trade debtors
				106,186	61,210
	Prepayments			44,767	60,327
				154,849	122,037
10	CREDlTORS: amounts due within one year	falling		2022	2021f
	Trade creditors			30,350	28,739
	Credit cards			500	2,888
	Accruals			27,443	25,296
	Bank loans		Note 12		26,007
	Deferred income		Note 13	408,635	421,308
	Tax, social security,	and pensions		21,826	28,815
				488,754	533,053
11	CREDITORS: amounts	falling
	due after more than	one year		2022	2021
				E	E
	Bank Loans
			Note 12		535,957

The FOM lo	ans are	repayable as follows:
				2022	2021
				f	f
Repayable	within	1year	Note 10		26,007
Repayable	after more than one year
Between 1-2years					56,599
Between 2-5 years					95,100
Over 5years					384,258
Repayable	after more than one year		Note 11		535,957
Total					561,964

		Examinations	Examinations	Subscrlptions	SEQOHS	Total
						2022
					f	f
Balance	at	1	29,395	109,674	282,239	421,308
January	2022
Amounts	released		(29,395)	(109,674)	(282,239)	(421,308)
during the year
Amounts	deferred
in the year			17,671	105,604	285,359	408,635
Balance	at	31
December		2022	17,671	105,604	285,359	408,635

14	FUNDS			As at				As at
				1 January	Incoming	Outgoing	Transfers	31 December
				2022	resources	Resources		2022
a)	Restricted funds			8	E		5
	Good Practice Guidelines
	Funds
	Rolls Royce Guidelines
	Fund			4,499				4,499
	Academic Activities		Funds
	Mobbs Travelling	Fellowship
	Fund				4,166			4,166
	Donald Hunter Lecture
	Fund			11,069				11,069
	Ernestine Henry Lecture
	Fund			3,087				3,087
	Esso Research
	Fellowship Fund			563				563
	ExxonMobil Elective
	Fellowships Fund			1,695				1,695
	Wilf Howe Fund			4,181				4,181
	William Taylor Memorial
	Fund			469				469
	Academy ofMedical		Royal
	Colleges
	Revalidation work
	CPD online			12,482		(9,279)		3,203
	Department of Health
	(e-LfH) e-learning			44,736				44,736
	HWM diploma grant			2,000				2,000
	Professional Briefings		grant	105				105
	NHS England/NHS
	Improvement
	Defining the skills of an			39,922	25,000	(29,500)		35,422
	Accredited OH project
				124,808	29,166	(38,779)		115,195
b)	General funds			2,135,625	1,463,093	(1,090,257)		2,508,461
	Total funds			2,260,433	1,492,259	(1,129,036)		2,623,656

15	FUNDS		As af				As at
			'I January	Incoming	Outgoing	Transfers	31 December
			2021	resources	Resources		2021
a)	Restricted funds		f	5		5	8
	Good Practice Guidelines
	Funds
	Rolls Royce Guidelines
	Fund		4,499				4,499
	Academic Activities	Funds
	Donald Hunter Lecture
	Fund		11,069				11,069
	Emestine Henry Lecture
	Fund		3,087				3,087
	Esso Research
	Fellowship Fund		563				563
	ExxonMobil Elective
	Fellowships Fund		1,695				1,695
	Wilf Howe Fund		4,181				4,181
	William Taylor Memorial
	Fund		919		(450)		469
	Academy otNledical
	Royal Colleges
	Revalidation work
	CPD online		21,978		(9,496)		12,482
	Department of Health
	(e-LfH) e-learning		44,736				44,736
	Diploma grant		2,000				2,000
	Professional Briefings	grant	825		(720)		105
	Defining the skills of an
	Accredited OH project			70,000	(30,078)		39,922
			95,552	70,000	(40,744)		124,808
b)	General funds		1,735,277	1,463,673	(1,63,325)		2,135,625
	Total funds		1,830,829	1,533,673	(1,104,069)		2,260,433

The net assets are held for the vadou follows:	s funds as
	Unrestricted	Restricted	Total
	General
Tangible fixed assets	1,386,604		1,386,604
Net current assets	1,121,856	115,196	1,237,052
	2,508,460	115,196	2,623,656

The net ass follows:	ets are held for the various	funds as
		Unrestricted	Restricted	Total
		General
		E	E
Tangible fixed assets		1,444,325			1,444,325
Intangible	fixed assets	1,365			1,365
Net current	assets	1,225,891	124,809		1,350,700
Long term	(liabilities)	(535,957)			(535,957)
		2,135,624	124,809		2,260,433

			General	Restricted	Total	Total
			Funds	Funds	2021	2020
		Notes
INCOME FROM
Charitable activities
Subscriptions			405,955		405,955	316,414
Qualifications and training			338,277		338,277	111,453
Publications			7,640		7,640	6,114
SEQOHS			577,476		577,476	595,287
MoHaWK			13,425		13,425	17,700
Revalidation			117,962		117,962	122,039
Grants and contracts				70,000	70,000
Conferences and events			1,154		1,154	4,481
Other activities
Other income			1,148		1,148	10,811
Investment income			636		636	2,341
Total			1,463,673	70,000	1,533,673	1,186,640
EXPENDITURE
Charitable activities		2,3,4	1,063,325	40,744	1,104,069	984,875
Net income/(expenditure)			400,348	29,256	429,604	201,765
Net movemenf in funds			400,348	29,256	429,604	201,765
Reconciliation of funds
Total funds brought	forward at
I January 2021		14	1,735,277	95,552	1,830,829	1,629,064
Total funds carried	forward at
31 December 2021			2,135,625	124,808	2,260,433	1,830,829