2022-03-31-accounts - Royal Society Of Tropical Medicine And Hygiene

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			Page
Reference and Administrative		Details	2-4
Trustees' Report			4-18
independent Auditors'	Report		19-22
Statement ofFinancial	Activities		24
Balance Sheet			25
Statement ofCash Flows			27
Analysis of Net Debt			26
Notes to the Financial	Statements		28-43

Charity number	1146162
Company	07941827
number
Registered office	Northumberland House
and operational	303-306 High Holborn
address	London WC1V 7JZ
Trustees	President
	Professor Gail Davey OBE (to 7October 2021)
	Professor Janet Hemingway CBE,FRS, DSc, PhD, BSc,NAS (Foreign Associate),
	FMedSci FRCP (Hon), FRES (Hon), FAAM (from 7October 2021)
	Vice-President
	David Mabey CBE DM FRCP FMedSci (from 7 October 2021)
	Dr Wendy Harrison Bvet Med MPH PhD MRCVS (to 7October 2021)
	Honorary Treasurer
	Mr Tim Hazell BA (Hons) CGMA
	Trustees
	Professor Olufemi O. Adewole (from 7October 2021)
	Dr Buddha Basnyat (from 7October 2021)
	Karen Brady BScHone
	Mr Simon Bush BA MSc
	Dr Sharon Cox BScMSc PhD (to 7 October 2021)
	Professor Gail Davey OBE
	Mr Tim Hazell BA (Hone) CGMA
	Professor Kara Hanson BA MPhil ScD (to 7 October 2021)
	Dr Wendy Harrison BVet Med MPH PhD MRCVS (to 7 October 2021)
	Professor Janet Hemingway CBE,FRS, DSc, PhD, BSc,NAS (Foreign Associate),
	FMedSci FRCP (Hon), FRES (Hon), FAAM
	Dr Said Abdallah Jongo (from 7 October 2021)
	Professor Diana Lockwood MD, FRCP
	Professor David Mabey CBEDM FRCP FMedSci
	Professor Malcolm Molyneux OBE, FRCP (to 7 October 2021)
	Dr Christopher Parry BA(Hons) MB Bchir PhD FRCP FRCPath (to 7October 2021)
	Ms Sarah Rafferty BA MSc
	Professor Pramod Samantaray (from 7 October 2021)
	Professor George Varghese (from 7October 2021)
	Professor Jimmy Whitworth MD FMedSci FRCP FFPH DTM&H
	Professor Bridget Wills, DM, FRCPCH, DTM&H
	Dr Quudus Yusuff from 7October 2021
Chief Executive	Tamar Ghosh BScMSc MBA
Bankers	National Westminster Bank pic
	1 Cavendish Square
	London W1A 4NU
Investment	Eden Investment Management
Managers	Beaufort House
	Brunswick Road
	Gloucester GL1 1JZ
Solicitors	Bates Wells &Braithwaite London LLP
	10Queen Street Place
	London EC4R 1BE

Auditors	From 7October 2021
	Knox Cropper
	155London Road
	Hemel Hempstead
	Herffordshire
	HP3 9SQ
	To 7 October 2021
	Moore Kingston Smith LLP
	Devonshire House
	60Goswell Road
	London EC1M 7AD

ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE	ROYAL SOCIETY OF TROPICAL MEDICINE AND HYGIENE
		A Com	an	Limited b	Guarantee
Statement	of Financial Activities			(incorporating		the income and expenditure
				account)
		Forthe year ended 31			March 2022
				Unrestricted		Restricted	Total	Total
				funds		funds	funds	funds
				2022		2022	2022	2021
						6	6	E
		Notes
Income from:
Donations and grants Charitable activities		2 3		28,208 290,052		974,275 7,727	1,002,483 297,779	657,734 302,194
Investments		4		62,573			62,573	58,425
Other income				723			723	4,384
Total				381,556		982,002	1,363,558	1,022,737
Expenditure on:
Raising funds: Investment management Charitable activities				597,583		990,871	1,588,454	7,063 1,239,488
Total				597,583		990,871	1,588,454	1,246,551
Net (losses)/gains	on investments	13		(19,067)			(19,067)	306,169
Net (expenditure)/income				(235,094)		(8,869)	(243,963)	82,355
Transfers between	funds			360		(360)
Net movement in	funds			(234,734)		(9,229)	(243,963)	82,355
Reconciliation of	funds
Total funds brought	forward			1,853,916		103,847	1,957,763	1,875,408
Total funds carried forward		17		1,619,182		94,618	1,713,800	1,957,763

	ROYAL	ROYAL	SOCIETY OF TROPICAL	SOCIETY OF TROPICAL	SOCIETY OF TROPICAL	SOCIETY OF TROPICAL	MEDICINE AND HYGIENE	MEDICINE AND HYGIENE
				A Com	an	Limited	by Guarantee
					Balance Sheet
				As at		31 March 2022
							2022	2021
					Notes
Fixed assets
Intangible assets					11		70,474	84,002
Tangible assets					12		14,481	7,462
Investments					13		1,517,395	1,467,407
							1,602,350	1,558,871
Current assets
Debtors					14		89,360	191,595
Cash deposits						175,112		169,847
Cash at bank and	in	hand				173,733		355,321
						438,205		716,763
Creditors: amounts		falling	due		15	~351,353		305,604
within one year
Net current assets							126,952	411,159
Total assets less	current		liabilities				1,729,302	1,970,030
Creditors: amounts		falling	due	after	16		(15,502)	(12,267)
more than one year
Net assets							1,713,800	1,957,763
Charity funds
Restricted funds					17		94,618	103,847
Unrestricted funds					17		1,619,182	1,653,916
Total funds							1,713,800	1,957,763

March 20	22
At 1 April		At 31 March
2021f	Cash flowsf	2022f
35~,321	~181.588	173733

					Notes	Notes		2022	2021
									8
Cash inflow used in operating activities
Net cash used in operating activities							~149.~18		~46 831
Cash flows (used in)/provided by	investing			activities
Dividend income								62,573	58,425
Purchase of investments						13		(69,055)	(50,998)
Transfer from/(to) cash deposits								(5,265)	270,153
Acquisition oftangible fixed assets Acquisition ofintangible fixed assets						12 11	(10,253) ~76.679		(5,137) ~49.692
Cash flows (used in)/provided by investing			activities				~32.979		222 751
Net (decrease)/increase in cash and		cash		equivalents				(181,588)	175,920
Cash and cash equivalents at beginning		of	year					355,321	179,401
Cash and cash equivalents at end	ofyear							173.733	355321
Cash and cash equivalents at end Cash at bank and in hand	ofyear			comprise:				173733	355321
(i) Reconciliation ofnet expenditure		to net cash				flow from	operating	activities:
								2022 8	2021f
Net expenditure as per statement	of	financial			activities			(243,963)	82,355
Adjustments for:
Depreciation charge						12		3,234	1,396
Amortisation charge						11		23,598	18,777
Net loss/(gain) on revaluation ofinvestments Dividend income						13 13		19,067 (62,573)	(306,169) (58,425)
Decrease in debtors								102,235	161,109
Increase in creditors								8,884	54,126
Net cash used in operating activities								149,518	46,831

	2022	2021
Fellows' services	26%	26ok
Journals	22%	22%
Meetings	26%	26%
Grants/awards	26%	26%

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		E	E	E	E
Donations Grants	and legacies	5,786 22,422	974,275	5,786 996,697	1,993 655,741
		28,208	974,275	1,002,483	657,734
Total 2021		48,450	609,284	657,734

Income	from c	haritable activities
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
			E		E	E
Fellow's	Annual	Subscriptions	50,991	7,727	58,718	52,972
Journals	and Publications		224,220		224,220	237,287
Meetings	and Events		14,841		14,841	11,935
			290,052	7,727	297,779	302,194
Total 2021			288,191	14,003	302,194

Investment	income
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		E	E	E	E
Investment	income	62,573		62,573	58,425
Total 2021		58,425		58,425

	In 2021, inv	estment incom	e ofE58,425 w	as unrestricted.
5.	Investment	management	costs
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
				E	E	E	E
	Investment	management	fees				7,063
	Total 2021			7,063		7,063

Direct costs
	2022	2021
	E
Membership	15,380	15,188
Journals	39,809	14,737
Meetings	9,492	12,036
	64,681	41,961

Support and Governance costs	shown below can be apportioned	between direct activity
		2022	2021
	Apportionment	E	E
Membership	26%	147,730	151,943
Journals	22%	125,002	128,567
Meetings	26%	147,730	151,943
Grants, medals and awards	26%	147,730	151,943
		568,192	584,396

Support costs (continued)
	2022	2021
		E
Staff training and recruitment Audit and accountancy fees Travel and subsistence	10,833 44,865 4,957	1,478 31,950 568
Legal and professional fees Marketing costs Printing and stationery costs Irrecoverable VAT	4,598 926 2,390 8,954	400 4,614 1,303 26,000
Postage Bank charges and interest ITand telephone costs Volunteer costs	189 23,686 731	116 4,961 30,046 753
Other expenses Insurance	552 1,184	3,374 1,358
Rent, rates, servicing and maintenance External HR services	94,202 2,920	93,420 710
Governance costs	8,217	3,222
CRM Project Wages and salaries National insurance	4,476 286,139 26,756	3,959 307,793 30,138
Pension cost	14,785	18,059
Depreciation and amortisation	26,832	20,174
	568,192	584,396

This is stated after char	g	ing:
			2022 6	2021f
Depreciation oftangible Amortisation of intangible		fixed assets fixed assets	3,234 23,598	1,396 18,777
Auditors' remuneration	-	audit	8,568	10,980
Auditors' remuneration	-	other services	33,092
Foreign exchange rate	variance		(75)	977
Operating lease rentals			71,000	57,656

Staffcosts
Staff costs were as follows:
	2022	2021
	5	F
Wages and salaries	295,314	307,793
Social security costs	26,756	30,138
Pension costs	14,785	18,059
	336,855	355,990

The avera follows:	ge numbe	r ofperson	s employed by the Charitable Company	during the year w	as as
				2022	2021
				No.	No.
				7.33	8.17
Average headcount		expressed	as a full time equivalent:
				2022	2021
				No.	No.
				7.0	7.5
Employees	whose	emoluments	exceeded f60,000 per annum:
				2022	2021
				No.	No.
F70,000 -	f79,999				1
E80,000 -	E89,999

Intangible fixed assets	Website and CRM
	systems
	6
Cost
At 1 April 2021 Additions	154,179 10,070
At 31 March 2022	164,249
Amortisation
At 1 April 2021 Charge for the year	70,177 23,598
At 31 March 2022	93,775
Net book value
At 31 March 2022	70,474
At 31 March 2021	84,002

Tangible fixed assets
	Equipment	Office	Total
	and	refurbishment
	furniture	6
	6
Cost
At 1 April 2021 Additions	34,372 10,253	39,662	74,034 10,253
At 31 March 2022	44,625	39,662	84,287
Depreciation At 1 April 2021 Charge for the year	28,510 3,034	38,062 200	66,572 3,234
At 31 March 2022	31,544	38,262	69,806
Net book value
At 31 March 2022	13,081	1,400	14,481
At 31 March 2021	5,862	1,600	7,462

14.	Debtors
				2022	2021
				F	6
	Trade debtors			(3,946)	26,108
	Other debtors			8,169	8,169
	Prepayments VAT repayable	and accrued income		66,082 19,055	157,318
				89,360	191,595
15.	Creditors: amounts		falling due within one year
				2022f	2021 5
	Trade creditors			45,962	29,977
	Other taxation	and social security		8,461	33,582
	Other creditors			1,811
	Accruals and	deferred	income	255,019	242,045
				311,253	305,604
16.	Creditors: amounts		falling due after more than one year
				2022 8	2021f
	Accruals and	deferred	income	15,502	12,267

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Analysis	of n	e	t assets between funds
				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022	2022
				E	E	E
Intangible	fixed		assets	70,474		70,474
Tangible	fixed	assets		14,481		14,481
Fixed asset investments				1,517,395		1,517,395
Current assets				32,334	94,618	126,952
Creditors	due	in more than one year		(15,502)		(15,502)
				1,619,182	94,618	1,713,800
Comparative		note
				Unrestricted	Restricted	Total
				funds	funds	funds
				2021	2021	2021
				E	E	E
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)
				1,853,916	103,847	1,957,763