2023-03-31-accounts - Royal Society Of Tropical Medicine And Hygiene

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			Page
Reference and Administrative		Details
Trustees' Report			3-15
independent Auditors'	Report		16-20
Statement of Financial	Activities		21
Balance Sheet			22
Statement ofCash Flows			24
Notes to the Financial	Statements		25-40

Charity number	1146162
Company	07941827
number
Registered office	Northumberland House
and operational	303-306High Holborn
address	London WC1V 7JZ
Trustees	President
	Mr Simon Bush (from 11October 2022)
	Professor Janet Hemingway		CBE,FRS,	DSc, PhD, BSc,NAS (Foreign Associate),
	FMedSci FRCP (Hon), FRES(Hon), FAAM (to 11October 2022)
	Vice-President
	Ms Sarah Rafferty BAMSc	(from 11October 2022)
	Professor David Mabey CBE		DM FRCP	FMedSci (to 11October 2022)
	Honorary Treasurer
	Mr Tim Hazell BA(Hons) CGMA
	Trustees
	Dr Buddha Basnayet
	Dr Quudus Yusuff
	Dr Said Abdallah Jongo
	Karen Brady BSc Hons
	Mr Simon Bush BAMSc
	Mr Tim Hazell BA(Hone) CGMA
	Ms Sarah Rafferty BAMSc
	Professor Bridget Wills, DM,		FRCPCH, DTM&H
	Professor David Mabey CBE		DM FRCP	FMedSci
	Professor Diana Lockwood	MD, FRCP (to 11October 2022)
	Professor Gail Davey OBE
	Professor George Varghese
	Professor Janet Hemingway		CBE,FRS, DSc, PhD, BSc,NAS (Foreign Associate),
	FMedSci FRCP (Hon), FRES(Hon), FAAM
	Professor Jimmy Whitworth	MD FMedSci FRCP FFPH DTM&H
	Professor Olaoluwa Pheabian		Akinwale	(from 11October 2022)
	Professor Olufemi O. Adewole
	Professor Pramod Samantaray
Chief Executive	Tamar Ghosh BScMSc MBA
Bankers	National Westminster Bank	pic
	1 Cavendish Square
	London W1A4NU
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	Knox Cropper
	155London Road
	Hemel Hempstead
	Hertfordshire
	HP3 9SQ

				account)
		For	the	ear ended 31	March 2023
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
						6
			Notes
Income from:
Donations and grants				240,555	936,785	1,177,340	1,002,483
Charitable activities				251,699	51,497	303,196	297,779
Investments				77,681		77,681	62,573
Trading income				1,453		1,453
Other income				252		252	723
Total				571 640	980282	1509922	1 363558
Expenditure on:
Raising funds:
Charitable activities			6	621,882	998,250	1,620,132	1,588,454
Total				621802	998250	162D132	1088454
Net (losses)/gains		on investments	13	(146,063		(146,063)	(19,067)
Net (expenditure)/income				(196,305)	(9,968)	(206,273)	(243,963)
Transfers between		funds		16,150	(16,150)
Net movement	in	funds		(180,155)	(26,118)	(206,273)	(243,963)
Reconciliation	of	funds
Total funds brought		forward		1,619,182	94,618	1,713,800	1,957,763
Total funds carried forward			17	1439027	68 5DD	1507 527	1 713000

						1April		At 31 March
						2022	Cash flows	2023
						k		K
Cash	at	bank	and	in	hand	173733	~115159	58 574

				Notes	Notes		2023	2022
							6
Cash inflow used in operating activities
Net cash used in operating activities						~265 758		~748 518
Cash flows (used in)/provided by	investing		activities
Dividend income							77,681	62,573
Purchase ofinvestments					13		(77,749)	(69,055)
Transfer from/(lo) cash deposits							150,067	(5,265)
Acquisition oftangible fixed assets Acquisition ofintangible fixed assets					12 11			(10,253) ~10070
Cash flows (used in)/provided by investing activities							149999	~32070
Net (decrease)/increase in cash and		cash	equivalents				(115,159)	(181,588)
Cash and cash equivalents at beginning		ofyear					173,733	355,321
Cash and cash equivalents at end	ofyear						68 574	173733
Cash and cash equivalents at end	ofyear		comprise:
Cash at bank and in hand							58 574	173733
(i) Reconciliation ofnet expenditure		to net cash			flow from	operating	activities:
							2023	2022
								8
Net expenditure as per statement	of	financial		activities			(206,273)	(243,963)
Adjustments for:
Depreciation charge					12		3,866	3,234
Amortisation charge					11		23,746	23,598
Net loss/(gain) on revaluation ofinvestments					13		146,063	19,067
Dividend income					13		(77,681)	(62,573)
(Increase) / Decrease in debtors							(38,742)	102,235
(Decrease) / Increase in creditors							(116,137)	8,884
Net cash used in operating activities							265158	149518

	2023	2022
Fellows' services	25'/o	26'/0
Journals	22'/o	22'/0
Meetings	22'/0	26'/0
Grants/awards	31 '/0	260/a

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			6	F		K
Donations	and	legacies	4,849		92,387	5,786
Grants			235,706	936,785	1,084,953	996697
			240550	936785	1177340	1002483

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
				F.	6	F.
Fellow's	Annual	Subscriptions	40,139	8,947	49,086	58,718
Journals	and Publications		189,971	42,550	232,521	224,220
Meetings	and Events		21,589		21,589	14,841
			251609	51497	303196	297779

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			6	6		E
Investment	income		77,681		77,681	02 573
Total2022
In 2022, investment		income of562,573was unrestricted.
Trading Income
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			6	6	5	F
Income from room		hire	1,453		1,453
Total2022

Direct costs
	2023	2022
	6
Membership	20,618	15,380
Journals	44,814	39,809
Meetings	29,933	9,492
	95365	64081

Support and Governance costs	shown below can be apportioned betwee	n direct activity
		2023	2022
	Apportionment	6
Membership	25/0 (2022; 26/o)	141,421	147,730
Journals	22/a (2022: 22/o)	124,450	125,002
Meetings	22/o (2022: 26/o)	124,450	147,730
Grants, medals and awards	31'/0 (2022: 26'/0)	175,361	147,730
		565682	508192

		2023	2022
		6	F
Staff training and recruitment		9,490	10,833
Audit and accountancy	services	25,687	44,865
Travel and subsistence		5,213	4,957
Legal and professional	services	2,834	4,598
Marketing costs		7,041	926
Printing and stationery	costs		2,390
Irrecoverable VAT		40,421	8,954
Postage			189
Bank charges and interest		944
ITand telephone costs		18,290	23,686
Volunteer costs		153	731
Office costs		8,225
Otherexpenses			552
Insurance		3,037	1,184
Rent, rates, servicing	and maintenance	93,570	94,202
Human resources services		2,450	2,920
Governance costs		12,408	8,217
CRM Project			4,476
Wages and salaries		266,591	286,139
National insurance		27,000	26,756
Pension cost		14,716	14,785
Depreciation and amortisation		27,612	26,832
		585682	568192

This is stated after char	gi	ng:
			2023	2022
Depreciation oftangible		fixed assets	3,866	3,234
Amortisation of intangible		fixed assets	23,746	23,598
Auditors' remuneration	-	audit	6,000	8,568
Auditors' remuneration	-	other services	19,687	33,092
Foreign exchange rate	variance			(75)
Operating lease rentals			71,000	71,000

Staffcosts
Staff costs were as follows:
	2023f	2022
Wages and salaries	267,231	295,314
Social security costs	27,108	26,756
Pension costs	14,716	14,785
	300058	338855

The average numbe follows:	r ofpersons	employed by the Charitable Company	during the year w	as as
			2023	2022
			No.	No.
			5.91	7.33
Average headcount	expressed	as afull time equivalent:
			2023	2022
			No.	No.
			8	7
Employees whose	emoluments	exceeded 660,000per annum:
			2023	2022
			No.	No.
f80,000-f89,999				1
890,000 - E99,999

11.	Intangible fixed assets	Website
		and CRM
		systems
		5
	Cost
	At 1 April 2022	164,249
	Additions
	At 31 Mafch 2023	164249
	Amortisation
	At 1 April 2022	93,775
	Charge for the year	23,746
	At 31 March 2023	117521
	Net book value
	At 31 March 2023	4672$
	At 31 March 2022	70474

Tangible fixed assets
	Equipment	Office	Total
	and	refurbishment
	furniture
Cost
At 1 April 2022	44,625	39,662	84,287
Additions
At 31 March 2023	44,625	39,662	84 2$7
Depreciation
At 1 April 2022	31,544	38,262	69,806
Charge for the year	3,666	200	3,866
At 31 March 2023	35,216	38,462	73 672
Net book value
At 31 March 2023	9,415	1,200	16615
At 31 March 2022	13,081	1,4011	14481

14.	Debtors
						2023	2022
						6
	Trade debtors					22,543	(3,946)
	Other debtors					8,145	8,169
	Prepayments	and accrued income				95,855	66,082
	VAT repayable					1,559	19,055
						128182	893611
15.	Creditors: amounts		falling due'within		one year
						2023	2022
						K	6
	Trade creditors					7,973	45,962
	Other taxation	and	social security			11,449	8,461
	Other creditors					1,906	1,811
	Accruals and	deferred		income		172,446	255,019
						193774	311253
16.	Creditors: amounts		falling due after		more than one year
						2023	2022
						6
	Accruals and	deferred		income		16844	15552

financial	year. M	ovement in defe	rred income is analysed	below	:
			Brought	Am	ount	Amount		Carried
			forward	add	ed	released		forward
Deferred	income	2023	232,166		248,305	(308	,586)	171,885
Deferred	income	2022	235,284		337,089	(340,207)		232,166

Financial	instruments
					2023		2022
Financial	assets				5		f
Financial	assets measured	at amortised	cost		155,444		381,944
Financial	assets measured	at fair value through		net
income /	expenditure				1 4491181	1	517395
					1894 525		1 899339
Financial	liabilities
Financial	liabilities measured	at amortised cost			27284		85129

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		2023	2022
		8	F
Land	and buildings
Within	1 year	33073	44097