## _EMDR Association_
_A Charity and a Company Limited by Guarantee_
## _Trustees’ Report and Financial Statements_
_For the year ended_
## _30[th] November 2021_
Company number 07428145
## **EMDR Association**
## **Year Ended 30[th] November 2021**
||**Contents**||
|---|---|---|
|||**Page**|
|Trustees’ Report||1 - 7|
|Independent Examiners Report||8|
|Statement of Financial Activities||9|
|Balance Sheet||10 - 11|
|Notes to the Financial Statements||12 - 17|
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021**
The Trustees present their annual report and financial statements for the year ended 30[th] November 2021.
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 (FRS102) issued on the 16th July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1st April 2005 which has been withdrawn.
|**Section 1**|**Section 1**|**Legal and Administrative Information**|
|---|---|---|
||||
|Charityname||EMDR Association|
|Charity Commission
registered number||1140865|
|Companies House
registered number||07428145|
|For the financial year
endingon||30thNovember 2021|
|Charity’s principal
address||Third Floor Horton House, Exchange Flags, Liverpool, Merseyside, L2 3YL|
||||
|**Description of the charity’s trusts**:|||
||||
|Governing document||EMDR Association is a company limited by guarantee and a registered charity
governed by its Memorandum and Articles of Association. Members of the charitable
company guarantee to contribute an amount not exceeding £10 to the assets of the
company in the event of the company being wound up while they are members, or
within oneyear thereafter.|
|Objects of the charity||The relief of sickness without prejudice to the generality of the foregoing to Advance
the theory and practice of Eye Movement Desensitisation and Reprocessing (EMDR)
and the relief of poverty and distress wherever it may arise by the provision of
humanitarian aid.|
|Specific investment
powers||None|
||||
|**Professional advisers:**|||
||||
|Accountants|Bradshaws Limited,Charter Court,2 Well House Barns,Bretton,Chester CH4 0DH||
|Bankers|The Co-operative Bank, PO Box 250, Skelmersdale, England WN8 6WT
CAF Bank 25 Kings Hill Avenue,Kings Hill,West Malling,Kent ME19 4JQ||
|Solicitors|Brabner’s,Horton House,Exchange Flags,Liverpool,L2 3YL||
|CompanySecretary|Graeme Hughes,CharitySolicitor Brabner’s||
- 1 -
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021 (continued)**
|**Section 2**|**Trustees and Governance**|
|---|---|
|||
|The Trustees of the charity meet at least four times a year to administer the charity and also meet to approve the
accounts.||
|||
|**_Name of Trustee_**|**_Trustee Role_**|
|_Michael O’Connor_|_President. Europe representative_|
|_Matthew Wesson_|_President Elect, Website development_|
|_Lorraine Knibbs_|_Past President – stood down 19 March 2021_|
|_Kath Norgate_|_Elected Trustee, Treasurer, Accreditation Committee, Treasurer to Child & Adolescent Section_|
|_Louise Mackinney_|_Secretary, Governance_|
|_Maeve Crowley_|_Europe Executive Representative_|
|_Paul Keenan_|_Elected Trustee, Regional Groups - stood down 19 March 2021_|
|_Sandi Richman_|_Elected Trustee, Consultant’s Training_|
|_Marian Tobin_|_Conference Organiser_|
|_Alison Russell_|_Chair of the Accreditation Committee_|
|_Russell Hurn_|_Chair of the Child and Adolescent Section,_|
|_Jane Ware_|_Accreditation Committee – CPD lead_|
|_Richard Mitchell_|_Chair of EMDR Europe Standards Committee_|
|_Ben Wright_|_Chair of the Research & Scientific Committee*_|
|_Justin Havens_|_Chair of the Communications Committee_|
|_Ericka Johanson_|_Deceased 31st October 2021_|
|* Appointed at the 2021 AGM||
|**Trustee selection method:**
Election at the AGM and co-option by the board. Trustees are appointed by vote at the annual AGM. The elected
Trustees can co-opt further Trustees as needed. It is the board’s policy that the chairs of the Accreditation
Committee and Child and Adolescent Section should always have a seat on the board, this year the Child and
Adolescent Committee has been represented by the appointed chair who will be taking post following the AGM.||
The Trustees of the charity meet at least four times a year to administer the charity and also meet to approve the accounts.
- 2 -
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021 (continued)**
## **Statement of Trustees responsibilities**
The trustees (who are also directors of EMDR Association for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company’s auditor is unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **Public Benefit**
Under the Charities Act 2011 the Charity is required to demonstrate that its aims are for the public benefit. The Trustees consider that the charity has met the criteria under both of the objects of the charity. The principals of public benefit are as follows:-
Principle 1 – There must be an identifiable benefit or benefits the benefit is the advancement of the EMDR theory and practise and in so doing to assist the public to access accredited, research based, effective interventions for psychological malaise. Principle 2 – the benefit must be to the public, or a section of the public the benefit is to the public as stated in the second object of the charity by the relief of poverty and distress wherever it may arise by the provision of humanitarian aid.
- 3 -
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021 (continued)**
## **Section 3 Activities and Achievements**
We now have in excess of 5000 members, a 25% increase on last year, which has led to significant increases in all our charitable activities. The workload has increased so much, we are no longer able to rely on unpaid trustees and 3 part time administrative staff to manage everything. In order to deal with this the board made the decision to engage Business Support at the beginning of the financial year. This has been an extremely successful venture and we are delighted to report this has enabled us to progress our charitable aims and objectives much more efficiently.
Having successfully installed a membership management system to facilitate paperless renewals last year, we are now in the process of streamlining the accreditation process to enable online applications linked to each member’s personal password protected log in. We expect this to be installed and working before the March 2023 AGM.
The Association has continued to provide educational webinars for members, some of which remain available to access free of charge, not only to the membership but to other mental health professionals. Building on this, the association has continued to provide regular lowcost educational webinars on various topics for the members, funds raised are being used to support the activities of the Scientific and Research Committee (SRC).
The SRC are making great strides forward on our charitable objective of advancing the theory and practice of Eye Movement Desensitisation and Reprocessing (EMDR). They have bought in the services of a research officer and in association with the University of Sheffield have set in motion activities aimed at developing a searchable data base of EMDR literature.
The new communications committee has also been hard at work developing a bespoke communications hub and bringing The Association into the 21[st] Century by developing a presence within social media.
- 4 -
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021 (continued)**
## _**Section 4 Financial Review**_ **Incoming resources**
Income from membership subscriptions rose by a very substantial £37,000 which reflects a growing commitment of those trained to be affiliated with the Association; and both supporting and benefitting from its educational objectives.
Of particular note is the substantial surplus from the 2021 virtual Annual Conference and AGM which replicated a similar surplus in 2020. The overheads for a virtual event are insignificant compared to an in person event and a larger number of delegates possible.
## **Outgoing resources**
Travel, accommodation, and venue expenses remain low although the Trustees and other officers of the board and its committees have been able to meet in vivo on two occasions this year and therefore there is an increase on last year’s expenditure.
Website costs have increased by £10,000 and will continue to rise over the coming year in keeping with the website and virtual developments the association is making.
Outgoing resources for research have increased by £20,000 this year but will increase further once our Research Officer takes up her duties and further again as funds are spent on the searchable literature database.
Capitation to Europe increases with membership numbers, we have to pay for our non fee paying trainee members as well. The Springer Journal subscription is linked to our membership of EMDR Europe, and also increases with membership numbers.
- 5 -
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021 (continued)**
|**Section 5**|**Policies**|
|---|---|
|**Reserves policy**|The Trustees previously established a policy whereby the unrestricted funds not
committed or invested in tangible fixed assets, which are the free reserves of the charity,
should be approximately 20% of general (unrestricted) operating costs. However, given
the cost of new activities and developments the Trustees decided to increase this to 50%
in order to provide sufficient funds to cover management, support and administration
costs to be able to continue the activities of the charity in the event of a significant drop
in funding, or business interruption. The free reserves at the 30thNovember 2021 of
£295,450 (2020: £378,991) are above this policy, however the charity is in the process of
allocating these funds to supporting the development of and engagement with a research
strategy beneficial to the charitable aims of the charity.|
|**Grant-making**
**policy**|The Trustees make grants to support research projects involving EMDR or related topics.
They also make grants in support of Trauma relief and related Humanitarian projects or
charities. The grants are discussed and voted on by the Trustees prior to any grant being
made.|
|**Investments**
**Selection**
**policy**|Having considered several options available, it was decided to invest any funds not
required short term in a low-risk commercial bank deposit account. The Trustees continue
to review the charity’s investment policy on an ongoing basis, some reserve funds have
been placed in a higher interest accounts with CAF. The Association is aware of the
security issues generated by having large sums held in accounts with just a couple of
banking institutions and are currently in the process of opening a new bank account – this
is not a quick or simple endeavour for charities such as ours that have a large number of
Trustees. Under consideration at the moment is the possibility of spreading the free
reserves in an investment account.|
|**Review of major**
**risks**|The Trustees have completed their review of the major risks to the charity and have
annual renewal procedures in place to manage these risks. They have appointed a Charity
Solicitor as Company Secretary and continue working with their Charity Legal Team to fine
tune policies and develop clearer processes.|
- 6 -
## **EMDR Association**
## **Trustees Report for the year ended 30[th] November 2021 (continued)**
||**Plans for the future**|The Association has engaged a research officer to work with the SRC and assist with the
Association’s aim of advancing the theory and practice of EMDR, initially by having a
greater awareness of ongoing EMDR and related research projects but with the
intention of strategic application of our resources to promote or contribute to high
quality research.
With Sheffield University, the process of creating a searchable data base of EMDR
Literature is underway and we expect it to be in place by the AGM in 2023.
The Accreditation system will be digitised and in this coming year we expect our
dedicated EMDR communication hub to be up and running to facilitate communication
between members. We are also looking at developing a stronger social media presence
and have made a start on the linked in platform.|
|---|---|---|
|**Section 6**|**Signature and Declaration**|
|---|---|
|||
|This report has been prepared in accordance with the special provisions for small companies under Part 15 of
the Companies Act 2006.||
|||
|**Declaration**|**I declare, in my capacity as charity trustee, that:**|
||•
**the trustees have approved the report above; and**|
||•
**have authorised me to sign on their behalf.**|
|**Signature**||
|**Full Name**|Michael O’Connor|
|**Position**|**President**|
|**Date**|26thMarch 2022|
-7-
## **EMDR Association**
## **Independent Examiner's Report to the Trustees of EMDR Association**
I report to the charity trustees on my examination of the accounts of the company for the year ended 30[th] November 2021 which are set out on pages 9 to 17.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other 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.
**A J Bradshaw FCA Independent Examiner Bradshaws Limited Chartered Accountants**
Charter Court Well House Barns Chester Road Bretton, Chester CH4 0DH
26[th] March 2022
-8-
## **EMDR Association**
## **STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30[th] NOVEMBER 2021**
**(including income and expenditure account)**
|**Notes**
**Unrestricted**
**Funds**
**£**
**Income:**
Incoming from charitable activities:
Membership subscriptions
241,609
Accreditation fees
22,190
Consultants training
19,350
Other income
-
Advertising
950
Regional group income
16
143,184
Investment Income
15
AGM and conference surplus
83,025
______
**Total income**
510,323
______
**Expenditure:**
Expenditure on charitable activities
3
228,281
Regional group expenditure
16
95,939
______
**Total expenditure**
324,220
**Net income and net movement in funds**
**for the year**
186,103
**Reconciliation of funds**
Total funds brought forward
516,685
______
**Total funds carried forward**
702,788|**Total**
**2021**
**Unrestricted**
**Funds**
**£**
**£**
241,609
204,094
22,190
20,363
19,350
13,735
-
391
950
5,176
143,184
97,306
15
205
83,025
80,257
______
______
510,323
______
421,527
______
228,281
177,605
95,939
76,987
______
______
324,220
254,592
186,103
166,935
516,685
349,750
______
______
702,788
516,685|**Total**
**2020**
**£**
204,094
20,363
13,735
391
5,176
97,306
205
80,257
______
421,527
______
177,605
76,987
______
254,592
166,935
349,750
______
516,685|
|---|---|---|
There are no restricted funds for the current or comparative year.
The notes on pages 12 to 17 form part of these financial statements
- 9 -
**EMDR Association**
## **BALANCE SHEET AS AT 30[th] NOVEMBER 2021**
|**2021**
Notes
**£**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
14,309
Cash at bank and in hand
10
708,697
______
723,006
**Current liabilities**
Creditors amounts falling due within one year
11
(21,908)
______
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity:**
Unrestricted income funds
12
Designated funds
16
**Total charity funds**|**2020**
**£**
**£**
**£**
1,690
2,813
20,246
496,268
______
516,514
(2,642)
______
701,098
513,872
______
______
702,788
516,685
______
______
702,788
516,685
411,283
345,180
291,505
171,505
______
______
702,788
516,685|
|---|---|
The trustees’ statements required by Section 475(2) and (3) are shown on the following page which forms part of this Balance Sheet
-10-
**EMDR Association**
## **BALANCE SHEET (Continued) FOR THE YEAR ENDED 30[th] NOVEMBER 2021**
For the year ended 30[th] November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities
• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and
• The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by the board on 26[th] March 2022 and signed on its behalf by
**Michael O’Connor Kathleen Norgate President Trustee / Treasurer**
## **Company Registration Number:- 07428145**
The notes on pages 12 to 17 form part of these financial statements -11-
## **EMDR Association**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] NOVEMBER 2021**
## **1**
## **Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1**
## **Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no uncertainties about the Trust’s ability to continue as a going concern over the next twelve months.
## **1.2 Fund accounting**
Funds held by the Charity are:
Unrestricted general funds – General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted fund – these are funds set aside by the Trustees out of restricted general funds for specific future purposes or projects.
## **1.3**
## **Incoming resources**
All incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **1.4 Grants payable and receivable**
All grants are accounted for gross when receivable. Grants payable are recognised as expenditure when the commitment is entered into.
## **1.5**
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
-12-
## **EMDR Association**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] NOVEMBER 2021 (Continued)**
## **1.6**
## **Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life as follows;-
Fixtures, fittings and expenditure
- 20% straight line
## **1.7 Foreign currency**
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Statement of Financial Activities.
## **2. Cashflow statement**
The Charity is exempt from the requirement to prepare a cashflow statement because it is a small Charity.
## **3**
|**Costs of charitable activities**
**Unrestricted**
**Funds**
**£**
Wages
32,224
Employee Pension
369
Consultant training
6,259
Europe capitation and certificates
29,373
Insurance
1,630
Office costs
22,778
Newsletter
6,524
Press officer
15,354
Website costs
21,914
Software
4,660
Travel
4,598
Accommodation
1,999
Venue and catering
8,646
Legal and professional
34,281
Springer journal subscription
14,761
Grants
-
Research
19,625
Accountancy
1,800
Donations
-
Depreciation of fixtures and equipment
1,123
Bank Charges
363
Interest
-
General Expenses
-
______
Total Expenditure
228,281|**Total**
**2021**
**Unrestricted**
**Funds**
**£**
**£**
32,224
26,894
369
434
6,259
5,255
29,373
23,303
1,630
1,630
22,778
21,679
6,524
4,167
15,354
16,450
21,914
12,342
4,660
11,881
4,598
2,188
1,999
1,129
8,646
5,416
34,281
23,968
14,761
16,970
-
19,625
(1,065)
1,800
1,674
-
-
1,123
1,123
363
1,619
-
-
-
548
______
______
228,281
177,605|**Total**
**2020**
**£**
26,894
434
5,255
23,303
1,630
21,679
4,167
16,450
12,342
11,881
2,188
1,129
5,416
23,968
16,970
-
(1,065)
1,674
-
1,123
1,619
-
548
______
177,605|
|---|---|---|
-13-
## **EMDR Association**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] NOVEMBER 2021 (Continued)**
|**4**|**Net incoming resources for the year**|||
|---|---|---|---|
|||**Total**|**Total**|
|||**2021**|**2020**|
|||**£**|**£**|
||Net incoming resources is stating after charging:|||
||Depreciation and other amounts written off tangible fixed assets|1,123|1,123|
||Accountancy fees for independent examination|1,800|1,700|
## **5 Staff numbers and costs**
There are 3 permanent part-time administrators employed by the charity working a combined total of 37 hours a week.
## **6 Trustees’ remuneration and expenses**
None of the Trustees has received any remuneration for services to the Association. 16 Trustees, and a further 15 committee and non-committee members assisting in the work of the Association claimed a total of £2,241 in travel and incidental expenses last year before the country was locked down in March.
## **7 Taxation**
The company was a charity during the year therefore had no taxable income and hence no corporation tax to pay.
-14-
## **EMDR Association**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] NOVEMBER 2021 (Continued)**
|**Fixtures,**
**fittings and**
**equipment**
**8**
**Tangible fixed assets**
**£**
**Cost**
At 1stDecember 2020
12,018
Additions
Disposals
-
____________
At 30thNovember 2021
12,018
**Depreciation**
At 1st December 2020
9,205
Charge for the year
1,123
Disposals
-
____________
At 30thNovember 2021
10,328
**Net book Values**
At 30thNovember 2021
1,690
______________
At 30thNovember 2020
2,813
**9**
**Debtors**
**Total**
**2021**
**£**
Trade debtors
6,885
Prepayments
7,424
______
14,309|**Total**
**£**
12,018
-
____________
12,018
9,205
1,123
-
____________
10,328
1,690
_______________
2,813
**Total**
**2020**
**£**
12,840
7,406
______
20,246|
|---|---|
The Charity is owed £5,000 by Trauma Response Network Limited, for the purpose of securing registration as a charity with the Charity Commission for England and Wales for charitable purposes that are consistent with EMDR Association.
|**10**
**Bank**
Cash at bank and in hand
Regional group - cash at bank and in hand
|**Total**
**2021**
**£**
552,093
156,604
______
708,697|**Total**
**2020**
**£**
404,748
91,520
______
496,268|
|---|---|---|
-15-
## **EMDR Association**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] NOVEMBER 2021 (Continued)**
|**11**
**Creditors – amounts falling due within**
**one year**
**Total**
**2021**
**£**
Trade Creditors
11,386
Accruals
522
Regional Group
10,000
Taxation and social security
-
Other creditors
-
21,908
**12**
**Analysis of net assets between funds**
**Unrestricted**
**Funds**
**Designated**
**Funds**
Fund balances at 30thNovember 2021
**£**
**£**
Are represented by:
Tangible fixed assets
1,690
-
Current assets
431,501
291,505
Less : Current liabilities
(21,908)
-
______
______
411,283
291,505|**Total**
**2020**
**£**
833
522
171
1,116
2,642
**Total**
**Funds**
**£**
1,690
723,006
(21,908)
______
702,788|
|---|---|
## **13 Capital commitments**
There were no capital commitments authorised or contracted for at the year-end.
## **14 Control**
The Charity is under the control of the Trustees.
## **15 Company limited by guarantee**
EMDR Association is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
|**16**
**Charity funds**
**………...General Fund…………**
**Regional**
**Designated**
**EMDR**
**Groups**
**Total**
**Fund**
**£**
**£**
**£**
**£**
At the beginning of the year
245,820
99,360
345,180
171,505
Income
247,139
143,184
390,323
120,000
Expenditure
(228,281)
(95,939)
(324,220)
-
**_____ ______ _**
**____ __**
**___ _ _**
264,678
146,605
411,283
291,505
|
**Total**
**Funds**
**£**
516,685
510,323
(324,220)
**_____ _**
702,788
|
|---|---|
The Association is keen to promote EMDR and possibly support research projects involving EMDR. A large, gold standard research project is phenomenally expensive thus the trustees continue to set aside funds for any potential future projects.
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# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[th] NOVEMBER 2021 (Continued)**
## **17 Related Party Transactions**
During the year, the Association paid £1,290.00 to a Trustee’s daughter to carry out administrative services.
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