2021-12-31-accounts - The Pathological Society Of Great Britain And Ireland

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		Page
Report ofthe Trustees	1	to	11
Report ofthe Independent Auditors	12	to	15
Statement ofFinancial Activities		16
Balance Sheet		17
Cash Flow Statement		18
Notes tothe Cash Flow Statement		19
Notes to the Financial Statements	20	to	29
Detailed Statement ofFinancial Activities		30

		STATEME for the	NT OF FINANCIAL ACTIVIT en d 1D cember 2	IES 21
				2021	2020
				Unrestricted	Total
				fund	funds
		Notes		E	E
INCOME AND ENDOWMENTS FROM
Donations and legacies				76,987	86,857
Charitable activities
Journal ofPathology				818,290	860,340
Meetings and Events				73,925	24,600
Investment income				184,034	196,957
Total				1,153,236	1,168,754
EXPENDITURE ON
Raising funds
Investment management	costs			30,658	30,457
				30,658	30,457
Charitable activities
Journal ofPathology				149,595	144,780
Grants and Award payable				1,134,298	744,872
Meetings and Events				222,186	157,006
Total				1,536,737	1,077,115
Net gains/(losses) on investments				741,873	~73.197
NET INCOME				358,372	19,442
RECONCILIATION OF FUNDS
Total funds brought forward				8,338,027	8,318,585
TOTAL FUNDS CARRIED	FORWARD			8,696,399	8,338,027
CONTINUING OPERATIONS
All income and expenditure		has arisen from continuing	activities.

	BALANCE	SHEET
	31Decem	r2 21
			2021	2020
			Total	Total
			funds	funds
FIXEDASSETS	Notes		6
Tangible assets Investments	13 14		29,983 8,016,851	42,121 7,635,309
			8,046,834	7,677,430
CURRENT ASSETS
Debtors Cash at bank and in hand	15		849,184 180,599	912,672 152,482
			1,029,783	1,065,154
CREDITORS
Amounts falling due within one year	16		(380,218)	(404,557j
NET CURRENT ASSETS			649,565	660,597
TOTAL ASSETS LESSCURRENT LIABILITIES
			8,696,399	8,338,027
NETASSETS			8,696,399	8,338,027
FUNDS	17
Unrestricted funds:
General fund			8,696,399	8,338,027
TOTAL FUNDS			8,696,399	8,338,027

				THE	PATHOLO	PATHOLO	ICAL	SO IETYOF	SO IETYOF	REAT
								D
						CASH	FLOW	STATEMENT
				forthe		ar	en e	1Dec m	er	2021
										2021	2020
					Notes					E	6
Cash flows from operating activities Cash generated from operations									~516,246]		~334,424]
Net cash used in operating		activities							~516,246]		~334,424]
Cash flows from	investing	activities
Purchase offixed Sale offixed asset	asset investments investments									(1,640,850) 1,968,594	(863,894) 992,594
Movement in capital accounts Interest received										32,586 57	(38,167) 545
Dividends received										183,976	196,413
Net cash provided	by investing activities									544,363	287,491
Change in cash and cash equivalents				in the
reporting period
Cash and cash equivalents			atthe beginning							28,117	(46,933)
ofthe reporting	period
										152,482	199,415
Cash and cash equivalents			atthe end	ofthe
reporting period										180,599	152,482

			2021	2020
			E	E
Net income for the	reporting period (as per the Statement ofFinancial
Activities) Adjustments for:			358,372	19,442
Depreciation charges (Gain)/losses on investments Interest received Dividends received Decrease/(increase) in debtors Decrease in creditors			12,138 (741,873) (57) (183,976) 63,488 ~24,338	12,149 72,197 (545) (196,413) (18,111) ~223,143
Net cash used in operations			~316,246]	~334,424]
ANALYSIS OF CHANGES IN NET FUNDS
		At 1.1.21	Cash flow	At31.12.21
			6	6
Net cash
Cash at bank and in hand		152,482	28,117	180,599
		152,482	28,117	180,599
Total		152,482	28,117	180,599

3.	INVESTM	ENT INCOME
						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				E	E	E	E
	Income from listed investments Deposit account interest			183,977 57		183,977 57	196,412 545
				184,034		184,034	196,957
4.	INCOME FROM CHARITABLE		ACTIVITIES
						2021	2020
	Journal ofPathology Meetings and events					E 782,864 73925	E 860,340 24600
						886789	884940
5.	INVESTMENT MANAGEMENT		COSTS
						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
					E	E
	Investment	management		30,658		30,658	30,457
6.	CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities	Support
				Direct	(see note	costs (see
				Costs	7)	note 8)	Totals
	Journal ofPathology Grants and Award payable Meetings and Events			E 149,595 94,425	E 967,686	E 166,612 127,761	E 149,595 1,134,298 222,186
				244,020	967,686	294,373	1,506,079
7.	GRANTS PAYABLE
						2021	2020
						E	E
	Grants and	Award payable				967,686	616,207

							Governance
				Management	Finance	costs		Totals
				E	E		E	E
Grants and	Award payable			107,651	2,640		56,321	166,612
Meetings and		Events		127,761				127,761
				235,412	2,640		56,321	294,373
Support costs, included			in	the above, are as follows:
							2021	2020
				Grants	Meetings
				and Award	and		Total	Total
				payable	Events		activities	activities
				E	E		E	E
Wages					70,255		70,255	59,104
Social security					11,413		11,413	13,580
Pensions					15,942		15,942	19,244
Rent and insurance					26,632		26,632	25,249
Postage and	stationery				3,519		3,519	5,280
Sundries				4,788			4,788	8,614
Website and		computer		90,725			90,725	62,076
Stafftravel								2,796
Depreciation		oftangible	and heritage assets
				12,138			12,138	12,149
Bank charges				2,640			2,640	2,182
Wages				30,100			30,100	25,500
Auditors' remuneration				6,500			6,500	6,000
Committee	meetings							16,328
Accountancy		fees		7,853			7,853	8,318
Professional		and legal fees		11,868			11,868	3,826
				166,612	127,761		294,373	270,246
NET INCOME/(EXPENDITURE)
Net income/(expenditure)				is stated after charging/(crediting):
							2021	2020
								6
Auditors' remuneration							6,500	6,000
Depreciation		-owned assets					12,138	12,149

				2021	2020
				6	6
Wages and salaries				128,268	107,430
Social security	costs			14,656	18,672
Other pension	costs			20,408	26,548
				163,332	152,650
The average monthly		number ofemployees	during the year was as follows:
				2021	2020
Administrative	staff			3	3

TANGIBLE FIXEDASSETS
	Fixtures
	and	Computer
	fittings	equipment	Totals
	E	E	E
COST
At 1January 2021and 31December 2021
	12,374	65,774	78,148
DEPRECIATION
At 1January 2021	11,955	24,072	36,027
Charge for year	63	12,075	12,138
At31December 2021	12,018	36,147	48,165
NET BOOK VALUE
At31December 2021	356	29,627	29,983

2021	2020
E
7,982,827	7,568,699
34,024	66,610
8,016,851	7,635,309

	Shares in
	group	Listed
	undertakings	investments	Totals
	E	E	E
MARKET VALUE
At 1January 2021		7,568,698	7,568,699
Additions		1,640,850	1,640,850
Disposals Revaluations Impairments		(1,968,594) 741,873	(1,968,594] 741,873 ~&)
At31December 2021		7,982,827	7,982,827
NET BOOK VALUE
At31December 2021		7,982,827	7,982,827
At31December 2020		7,568,698	7,568,699

		2021	2020
		E
	Cash in portfolio	34,024	66,610
15.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		E	6
	Other debtors	840,010	903,993
	Prepayments	9,174	8,679
		849,184	912,672

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
	2021	2020
	E
Trade creditors	9,595	4,050
VAT		15
Other creditors	500	940
Accrued expenses	370,123	399,552
	380,218	404,557

MOVEMENT	IN FUNDS
						Net
						movement	At
					At1.1.21	in funds	31.12.21
					E	E
Unrestricted	funds
General fund					8,338,027	358,372	8,696,399
TOTAL FUNDS					8,338,027	358,372	8,696,399
Net movement	in funds, included		in the above	are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	E	6
Unrestricted	funds
General fund				1,153,236	(1,536,737)	741,873	358,372
TOTAL FUNDS				1,153,236	~1,536,737)	741,873	358,372
Comparatives	for movement	in	funds
						Net
						movement	At
					At 1.1.20	in funds	31.12.20
					E	E
Unrestricted	funds
General fund					8,318,585	19,442	8,338,027
TOTALFUNDS					8,318,585	19,442	8,338,027

Comparative	net movement in funds,	included in the above are as foll	ows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		6	E	E	E
Unrestricted	funds
General fund		1,168,754	(1,077,115)	(72,197)	19,442
TOTALFUNDS		1,168,754	(1,077,115)	(72,197)	19,442

		DETAILED STATEMENT OF FINANCIAL	DETAILED STATEMENT OF FINANCIAL	CTIVITIES
		f rthe	ear ended 31Decem	r2 21
					2021	2020
					6	6
INCOME AND ENDOWMENTS
Donations and legacies
Subscriptions					76,987	86,857
Investmentincome
Income from listed investments Deposit account interest					183,977 57	196,412 545
					184,034	196,957
Charitable activities
Journal ofPathology Meetings and events					818,290 73,925	860,340 24,600
					892,215	884,940
Total incoming resources					1,153,236	1,168,754
EXPENDITURE
Investment management	costs
Investment management					30,658	30,457
Charitable activities
Wages Social security Pensions Charitable expenditure Grants to individuals					27,913 3,243 4,466 208,398 967,686	22,826 5,092 7,304 124,983 616,207
					1,211,706	776,412
Support costs
Management
Wages Social security Pensions Rent and insurance Postage and stationery Sundries Website and computer Stafftravel Fixtures and fittings					70,255 11,413 15,942 26,632 3,519 4,788 90,725 63	59,104 13,580 19,244 25,249 5,280 8,614 62,076 2,796 74
Computer equipment					12,075	12,075
					235,412	208,092

Bank charges			2,640	2,182
Governance costs
Wages Auditors' remuneration Committee meetings Accountancy fees Professional and legal	fees		30,100 6,500 7,853 11,868	25,500 6,000 16,328 8,318 3,826
			56,321	59,972
Total resources expended			1,536,737	1,077,115
Net (expenditure)/income		before gains and
losses			(383,501]	91,639
Net (losses) gains on investments
Realised gains/(losses)	on fixed asset investments		741,873	~72,197]
Net income			358,372	19,442