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2021-03-31-accounts

Page
Reference and Administrative Details
Trustees'
Report		 3 —18
Independent
Auditor's		 Report 19—22
Statement
of Financial		 Activities 23
Balance Sheet 24
Statement
of Cash Flows		 25
Notes to the Financial Statements 26-40

ROYAL SOCIETY OF ROYAL SOCIETY OF ROYAL SOCIETY OF TROPICAL MEDICINE AND TROPICAL MEDICINE AND TROPICAL MEDICINE AND TROPICAL MEDICINE AND HYGIENE
ACom an Limitedb Guarantee
Statement ofFinancial Activities (incorporating the income and expenditure
account)
For the ear ended 31 Nlarch 2021
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
6 6 6
Notes
Income from:
Donations and grants 48,450 609,284 657,734 182,429
Charitable activities 288,191 14,003 302,194 1,005,977
Investments 58,425 58,425 79,044
Otherincome 4,384 4,384 3,007
Total 399,450 623,287 1,022,737 1,270,457
Expenditure
on:
Raising funds:
Investment management 5 7,063 7,063 7,354
Charitable activities 6 617,384 622,104 1,239,488 1,533.673
Total 624,447 622,104 1,246,551 1,541,027
Net (losses)/gains on investment. 13 306,169 306,169 (256,466)
Net movement in funds 81,172 1,183 82,355 (527,036)
Reconciliation of funds
Total funds brought forward 1,772,744 102,664 1,875,408 2,402,444
Total funds carried forward SKI9% 1,957,763 1,875,408
ROYAL ROYAL SOCIETY SOCIETY OF TROPICAL MEDICINE OF TROPICAL MEDICINE OF TROPICAL MEDICINE OF TROPICAL MEDICINE AND HYGIENE AND HYGIENE
ACom an Ljmjteidb Guarantee
Balance Sheet
As at 31 March 2021
2021 2020
Notes 6 6 f
Fixed assets
Intangible
assets		 11 84,002 53,087
Tangible assets 12 7,462 3,721
Investments 13 1,467,407 1,110,240
1,558,871 1,167,048
Current assets
Debtors 14 191,595 352,704
Cash deposits 169,847 440,000
Cash at bank and in hand 355,321 179,401
716,763 972,105
Creditors:
amounts		 falling due 15 ~30, 04 259,450
within one year
Net current assets 411,159 712,655
Total assets less current liabilities 1,970,030 1,870,703
Creditors:
amounts		 falling due after 16 (12,267) (4,295)
more than one year
Net assets 951103 , 0 0,400
Charity funds
Restricted
funds		 17 103,847 102,664
Unrestricted
funds:		 17 1,853,916 1,772,744
Total funds 1,9 1,0,4 8

ROYAL SOCIETY OF TROPICAL MEDICINE AND ROYAL SOCIETY OF TROPICAL MEDICINE AND ROYAL SOCIETY OF TROPICAL MEDICINE AND ROYAL SOCIETY OF TROPICAL MEDICINE AND ROYAL SOCIETY OF TROPICAL MEDICINE AND ROYAL SOCIETY OF TROPICAL MEDICINE AND ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE
ACom an Limited b Guarantee
Statement of Cash Flow
As at 31 March 2021
Notes 2021 2020
6 6
Cash inflow used in operating
activities
Net cash used
in operating
activities		 ~6,83 ~M6~
Cash flows (used in)/provided
by		 investing activities
Dividend
income		 58,425 79,044
Purchase of investments 13 (50,998) (74,662)
Proceeds from sale ofinvestments 13
Movement
in cash held
in investment		 porffolio 13
Transfer from/(to) cash deposits 270,153 (440,000)
Acquisition
oftangible
fixed assets
Acquisition
of intangible
fixed assets		 12
11		 (5,137)
~49.682		 (227)
~58,M
Cash flows (used in)/provided
by investing		 activities
Nct (decrease)/increase
in cash and		 cash equivalents 175,920 (821,505)
Cash and cash equivalents
at beginning		 ofyear 179,401 1,000,906
Cash and cash equivalents
at end		 of year 355 139491
(i) Reconciliation
ofnet expenditure		 to net cash flow from operating activities:
2021 2020
6
Net expenditure
as per statement		 of financial activities 82,355 (527,036)
Adjustments
for:
Depreciation
charge		 12 1,396 2,945
Amortisation
charge
Net loss/(gain)
on revaluation
of investments		 11
13		 18,777
(306,169)		 10,158
256,466
Dividend
income		 13 (58,425) (79,044)
Decrease/(increase)
in debtors		 161,109 (19,526)
Increase
in creditors		 54,126 29,342
Net cash used in operating
activities		 46,831 326,695
2021 2020
Fellows' services 26% 32%
Journals 22% 21%
Meetings 26% 18%
ECTMIH Conference 0% 20%
Grants/awards 26% 0%

2. Income f r om donations and grants
Unrestricted Restricted Totai Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Donations and legacies 1,993 1,993 2,127
Grants 46457 609,284 655,741 180,302
48 450 609284 657 734 182,429
Total 2020 19,462 162967 182429
3. Income from charitable activities
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E
Fellow's Annual Subscriptions 49,552 3,420 52,972 45,491
Journals and Publications 226,704 10,583 237,287 261,000
Meetings and Events 11,935 11,935 14,473
ECTMIH Conference 665,013
288,191 14,003 302 194 1,005,977
Total 2020 1,005,977 1,005,977
4. Investment income
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Investment income 58,425 58,425 79,044
Total 2020 79,044 79044
5. Investment management costs
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Investment management fees 7,063 7,063 7,354
Total2020 7,354 7.354

Analysis ofcharitable
expend		 iture
by activiti		 es
Direct Grant Support 8
costs (note funding of Governance
7) activities costs (note
f f 8) f 2021f 2020f
Membership 15,188 151,943 167,131 179,808
Journals 14,737 128,567 143,304 140,584
Meetings 12,036 151,943 163,979 136,577
ECTMIH Conference 771,554
Grants, medals and awards 613,131 151,943 765,074 305,150
Total 41,961 613131 584,396 1,239,488 1,533,573

Direct c osts
2021f 2020
Membership 15,188 11,473
Journals 14,737 30,114
Meetings and ECTMIH Conference 12,036 708,234
Support and Go vernance
costs		 shown
below can be apportioned		 between
direct activity
Apportionment 2021f 2020f
Membership 26% 151,943 168,335
Journals 22% 128,567 110,470
Meetings 26% 151,943 94,688
ECTMIH Conference 0% 105,209
Grants, medals and awards 26% 151,943 47,345
64,666 6

2021 2020
6 E
Staff training
and recruitment		 1,478 6,400
Audit and accountancy fees 31,950 33,671
Trustee travel and expenses
Travel and subsistence 568 3,338
Legal and professional fees 400 3,808
Marketing costs 4,614 25,386
Printing
and stationery		 costs 1,303 1,469
Irrecoverable
VAT		 26,000 3,353
Postage 115 424
Bank charges and interest 4,961 5,776
IT and telephone
costs		 30,046 24,945
Volunteer costs 753
Other expenses 3,374 5,474
Insurance 1,358 3,003
Rent, rates, servicing and maintenance 93,420 94,188
External
HR services		 710 1,400
Governance
costs		 3222 9,091
CRM Project 3,959 2,436
Wages and salaries 307,793 250,562
National
insurance		 30,138 24,117
Pension cost 18,059 14,417
Depreciation
and amortisation		 20,174 12,789
$4.39 52t,rr

2021 2020
6 6
1,396 2,945
18,777 10,158
10,980 10,325
57,656 89,715

Staff ousia
Staff costs were as follows:
2021 2020
6
Wages and salaries 307,793 264,430
Social security costs 30,138 25,402
Pension costs 18,059 14,945
355,990 304,777
The averag
follows:		 e
numbe		 r of person s employed
by the Charitable
Compan		 y
during
the year		 was as
2021 2020
No. No.
8.17 7.5
Average headcount expressed as a full time equivalent:
2021 2020
No. No.
7.5 6.6
Employees whose emoluments exceeded f60,000 per annum:
2021 2020
No. No.
670,000 —679,999 1 1

Intangible
fixed assets		 Webslte
and CRM
systems
Cost
At 1 April 2020 104,487
Additions 49,692
At 31 March 2021 154,179
Amortisation
At 1 April 2020 51,400
Charge for the year 18,777
At 31 March 2021 1 011
Net book value
At 31 March 2021 0 .002
At 31 March 2020

Tangible fixed assets
Equipment Office Total
and refurbishment 8
furniture 6
6
Cost or valuation
At 1 April 2020 29,235 39,662 68,897
Additions 5,137 5,137
At 31 March 2021 34372 39,662 74034
Depreciation
At 1 April 2020 27,314 37,862 65,176
Charge for the year 1,196 200 1,396
At 31 March 2021 28,510 38062 66572
Net book value
At 31 March 2021 5862 1,600 7,462
At 31 March 2020 1,921 1,800 3721

14. Debtors
2021f 2020f
Trade debtors 26,108 213,314
Other debtors 8,169 8,168
Prepayments and accrued income 157,318 131,222
3, 04
15. Creditors: amounts falling due within one year
2021f 2020
Trade creditors 29,977 63,954
Other taxation and social security 33,582 40,204
Accruals
and		 deferred income 242,045 155,292
9, 30
16. Creditors: amounts falling due after more than one year
2021
f		 2020
f
Accruals
and		 deferred income 12267 4,295
financial year. M ovement
in defe		 rred
income is analysed		 below:
Brought Amount Amount Carried
forward
f		 added
f		 released f forward f
Deferred income 2021 139,822 371,492 (276,030) 235,284
Deferred income 2020 147,781 133,647 141 606 139 822
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Analysis ofn et assets between funds
Unrestricted Restricted Total
funds funds funds
2021f 2021
6		 2021
6
Intangible fixed assets 84,002 84,002
Tangible fixed assets 7,462 7,462
Fixed asset investments 1,467,407 1,467,407
Current assets 307,312 103,847 411,159
Creditors due in more than one year (12,267) (12,267)
1,853916 103,847 1,957,763
Comparative note
Unrestricted Restricted Total
funds funds funds
2020f 2020
6		 2020
6
Intangible fixed assets 53,087 53,087
Tangible fixed assets 3,721 3,721
Fixed asset investments 1,110,240 1,110,240
Current assets 609,991 102,664 712,655
Creditors due in more than one year (4,295) (4,295)
1,772,744 102,664 1 875408

2021 2020
6 5
Land and buildings
Within 1 year 57,656 57,656
Between 2 and 5years
Total 57656 57,656
Other
Within 1 year 2,840
Between 2 and 5years
Total 2,840