OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Friends Of Imperial College

2024-08-31-accounts

Friends OF IMPERIAL COLLEGE Welcome to Friends of Imperial College AZADAYUB PROPERTY OWNERSHIP PHILANTHROPY Friends is gratefvl for the generous support of AzadAyub, alumnus of Imperial

Welcome and Opening Remarks

Agenda

1 Apologies from key participants

2 Minutes of AGM 2022-2023

3 Chair’s report – David Southwood

14 .Stewart-Kalz ~ In memoria

Number of Events

Event Type 2022-23 2023-24 2024-25 (run and due)
Public lectures 7 8 9
Member-only events 9 8 6
FSC (Members-only) 10 9 11
All events 26 25 26

All public lectures moved to in person 2022-23 2024-25 include events already run and upcoming

Audience by Type Tickets Booked in 2023-24

==> picture [759 x 280] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |Lecture|Fireside Chat| |Audience Category| |Member|355|393| |Members Guest|67|46| |-| |Non-Member/Public/General|99| |-| |Imperial Staff|19| |-| |Imperial Students|41| |-| |School students|339| |Total| |920|439|

----- End of picture text -----

Notable Increase in school students: 134 in 2022-23

Public Lectures Run in 2023-24

Event Title Total booked Total attended
Keynote from Dr Nicky Fox 316 220
LHCb at CERN 72 67
Small Modular Nuclear Reactors 76 63
Chemicals in the Urban Water CYcle 47 44
Quantum entanglement and Reality 134 120
Secrets of the Universe 125 110
ESA’s Comet Interceptor Mission 59 54
The Secret body 91 72
Total 920 739
Total attended are estimates based on reception desk records

Member-Exclusive Events Visits and BTS in 2023-24

Event Name Total booked Total attended
Darmstadt Science Tour 24 24
Molecular Science Research Hub, White City 15 15
Secrets of NHM Architecture 20 20
Secrets of NHM Architecture 16 16
BTS @ Centre of Excellence, Robotics 21 21
RAL Space 25 25
British Library 14 14
Silwood Park Campus 20 20
Total 155 155

Member-Exclusive Events Fireside Chats in 2022-23

==> picture [749 x 280] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |Fireside Chat Topic|Total booked|Total zoomed in (av)| |PragmatIC: Journey to Manufacturing|38|23| |The MRI Success Story|46|33| |A Woman in a Man’s Field| |34|30| |Gene Drive - Vector Control|24|20| |Friends AGM (Online)|46|18| |Mars Missions|122|80| |Teaching maths to Computers|43|34| |Transforming to a Green Economy|52|26| |History of the Antarctic Ice Sheet (Cancelled)|34|0| |TOTAL| |439|264|

----- End of picture text -----

Typically find about 50% of people who book a FSC then attend online

Membership

Year Total Lapsed Renewed New
2016-17 470 -165 233 200
2017-18 421 -216 254 127
2018-19 382 -189 232 114
2019-20 274 -161 147 29
2020-21 261 -40 234 27
2021-22 258 -27 234 24
2022-23 275 -16 248 18
2023-24 278 -13 251 16

Can small-modular nuclear reactors solve our energy problems? Can smal solve our V4

It li ririiji •' *•4 Ir

4 Treasurer’s report – Martin Keats

Income & Expenditure – Draft Accounts

5 Deputy Chair’s Report - Bill Blackburn

Website, regular Newsletters & YouTube 04 Teaching Mathematics to Computers Professor Kevin Buzzard l¢l•fv¢• l•¢lW• •1 wh￿ ¢#¥ IE on io iY4••k)- •KplwJMn h UK 1024Q5 dsoflm ide Chat erial College 12 bVt•>JLV4 • F ￿2$ 4"fy) a4 IA¥u¢2ts2J 7th) rriend&i NIPE¢￿4 ((4LI61 •1 IJ YouTube +•y• Q T4b Il•M¥ 14 1025 4ts)• •4 •1202S 4V) •iW2025 Tw i Mttttt • 7wh BOOK TrCKEfs HERE 19

YouTube top views 4"JLfJ Ffi+nds ol Imprrtftl (tsllrtit_ 121 Lacewln8 4451 SgJ5 I'.1 GAIA DbWMk• •r4 COW19 I IX 1."0I.'12 56 F••th 10 bilbM IU¥ln￿*￿fv . ?rnDfflths 20

6 Election of Committee Members and Officers

Bill Blackburn Paresh Parmar Alan Grant Vince Harris

Martin Keats as Hon Treasurer

7 Any other business 22

OF IMPERIAL COLLEGE

Thanks to Members, committee volunteers and Angie Watson for their continued support.

Thanks to Imperial for our amazing speakers and tour hosts for contributing to Friends with their knowledge and enthusiasm. Thank you for joining Friends AGM 2024

AZAD AYUB

Friends is grateful for the generous support of Azad Ayub, alumnus of Imperial

23

Addendum A – Finalised Income & Expenditure

INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2024

Income
Membership
Talks & Events
Donations
Trips
Expenses
Administration Expenses
Events Expenses
Trips Expenses
Imperial College Costs
Website and computer costs
Insurance
Stripe Fees
Total Expenses
Net Surplus/Deficit for the year		 2024
£
5,838
30,220
7,525
5,029
48,612
-17,009
-2,241
-11,071
-2,782
-1,633
-393
-990
-36,119
12,493
£		 2023
£
11,271
12,862
24,133
-16,509
-
-
-2,091
-
-
-
-18,600
5,533
£

Independent examiner’s report to the trustees of Friends of

Imperial College

I report to the trustees on my examination of the accounts of Friends of Imperial College (the Trust) for the year ended 31 August 2024

This report is based on the template provided in CC32 June 2021, as an unqualified report (for a non-company charity preparing receipts and payments accounts) with a gross income of £250,000 or less in the relevant financial year.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Further details of the checks undertaken are contact in checklist appended to this report.

Confirmation by Independent Examiner:

Name:
~~a~~		 Helen Flanagan
~~a~~
Address:
~~ee~~
~~ee~~		 16 Allonby Drive, Ruislip, Middlesex HA4
7YU
~~ee~~
~~ee~~
Date:
~~ee~~		 26thJune 2025
~~ee~~
Relevant professional qualification or
membership ofprofessionalbodies (ifany)
~~ee~~
~~ee~~		 N/A
~~ee~~
~~ee~~
Signature

1

Independent examination of charity accounts checklist (CC32a)

A recommended checklist for examiners

This checklist is not suitable for the examination of voluntary group accounts.

1. Self-assessment checklist

The questions in this checklist are designed to help the examiner to undertake their independent examination in accordance with the legal requirements and good practice recommendations set out in the Commission’s guidance on Independent examination of charity accounts: Directions and guidance for examiners (CC32).

The examiner is recommended to use the checklist alongside the Directions for independent examination. Not all the checks listed will apply in the case of every independent examination and so the checklist is not a substitute to the examiner using their own judgment as to what is necessary.

The prompt ‘step done’ may prompt a ‘yes’ or ‘no’. A ‘no’ answer does not always indicate a problem because it may simply be that the step was either not applicable or found not to be necessary to the examination undertaken in which case the words ‘not applicable’ or ‘not necessary’ might be entered in place of a working paper reference.

Some answers may be ‘no’ because the evidence or information that was needed could not be obtained and this will need to be considered when the examiner makes their report. It is recommended that all the steps for each Direction are completed with a working paper reference added.

It may be that the examiner completes the checklist as they go through the examination or as a completeness check at the end as they bring their examination to a conclusion and prepare their report. There is no legal requirement to use this checklist and examiners may substitute their own checklist or take an alternative approach.

If the checklist is completed it is recommended that this forms part of the formal record of their independent examination undertaken and is kept in the file of examiner’s working papers.

2

2. Checklist

The Directions and documentation Step
done?		 Comments
Direction 1: Check whether the charity is eligible to have an independent
examination
Checked the charity audit threshold
applyingto the accounts to be reviewed		 Yes Confirmed
Checked an audit is not required for any
other reason		 Yes Not required
Confirmed the charity is eligible for
independent examination		 Yes Confirmed within rules
Confirmed the amount of the charity’s
income to figure shown in the accounts
(including any branches) and confirmed that
income and assets are below the audit
threshold or, if applicable, obtained a copy of
the letter from the Commission approving an
audit dispensation		 Yes Confirmed OK
If the charity has one or more subsidiaries
confirmed that group accounts are not
required by law		 Yes No subsidiaries
If a charitable company checked that the
audit exemption statement has been made		 Yes N/A
If applicable, rechecked the threshold
calculation duringthe examination		 Yes N/A
If the charity’s income is more than £250,000
confirmed that the examiner is a member of
one of the listed bodies		 Yes N/A
If applicable, informed the trustees that the
charity is not eligible for an independent
examination		 Yes N/A
If receipts and payments accounts have
been prepared, checked that the charity’s
gross income is less than £250,000 and that
it is not a company		 Yes Confirmed
If receipts and payments accounts have
been prepared, check that there is no
requirement to prepare accruals accounts in
the charity’s governing document or for any
other reason		 Yes Confirmed
If applicable, informed the trustees that the
charity is not eligible to prepare receipts and
payments accounts		 Yes N/A
Direction 2: Check for any conflict of interest that prevents the examiner from
carrying out their independent examination
Confirmed that there are no close
personal relationships with the trustees
that compromise independence		 Yes Confirmed

3

Confirmed as having no involvement in the
dayto dayadministration of the charity		 Yes Confirmed
If providing other services to the charity then
confirmed that all the criteria in Direction 2
necessary for independence are met		 Yes No other services provided
Identified that there are no circumstances in
the examiner’s judgment that would
reasonably lead to the perception that the
examiner is not independent		 Yes Confirmed
Considered whether sufficiently skilled to
carry out the examination and, where
required, confirmed membership of a listed
body		 Yes Confirmed, not member of
listed body
If applicable, informed the trustees that you
are not eligible to carry out the independent
examination		 Yes N/A
Direction 3: Record your independent examination
File of working papers prepared to document
the work undertaken (see the Direction for
guidance on key working papers)		 Yes
Evidence of appointment on file Yes By email
If issued, letter of engagement signed by the
trustees on file		 Yes N/A
Documentation of steps required by
Direction 1 are all done		 Yes Confirmed
Documentation that steps required by
Direction 2 are all done		 Yes Confirmed
Analytical review documented Yes Confirmed, records held
Areas of concern identified and noted
whether these were resolved or if unresolved
and significant have included them in the
examiner’s report		 Yes None significant –
recommended using a
standard accounting
package rather than
spreadsheet.
Verification and vouching procedures
undertaken and anychecks made are on file		 Yes Financial policy and SOPS
Copy of approved accounts on file Yes Confirmed received
Copy of trustees’ annual report on file Yes Trustees report presented
at AGM 12thMarch 2025
Copies of information relied upon as part of
the examination are on file		 Yes Confirmed
If applicable, copies of written assurances
given		 Yes N/A
Recorded the conclusions drawn as an
outcome of the independent
examination that support the examiner’s
report are on file		 Yes Confirmed

4

Recorded any matters of material
significance about which a report must be
made direct to the Commission		 Yes None
Recorded whether to exercise discretion and
report on relevant matters direct to the
Commission		 Yes N/A
Direction 4: Plan your independent examination
Obtained an understanding of the charity’s
constitution, objectives, organisational
structure, the funds managed, its activities
and accounting records and systems		 Yes Confirmed
Planned specific examination procedures
appropriate to the circumstances of the
charity		 Yes Confirmed
Reviewed whether any areas for
improvement were advised to the trustees in
the previous year’s independent examiner’s
report (or audit report and management
letter) and looked to see if any action taken		 Yes None in previous year –
income below threshold
Considered the financial risks identified
and, where accruals accounts prepared,
considered whether the trustees have
evidence that shows that the charity is a
going concern		 Yes N/A
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None
Direction 5: Check that accounting records are kept to the required standard
Checked that accounting records have been
kept are complete and considered if they
have been kept to the required standard		 Yes They are complete and
suitable for purpose,
however spreadsheets are
hard to follow.
Asked the trustees about how they
ensure the accounting records are
complete		 Yes All income & expenses
through two banks
accounts
If corrections made or records created
during the examination, the trustee approval
for these has been sought and obtained		 Yes N/A
Asked the trustees if they carried out a
review of the charity’s internal financial
controls in the year reported		 Yes At trustees meeting
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None
Direction 6: Check that the accounts are consistent with the accounting
records
Compared the accounts with the underlying
accountingrecords		 Yes Account transactions and
understood how these are

5

translated into income &
expenditure
Checked some entries from the listing of
transactions of income and expenditure to
vouchers such as invoices, bank statements,
and receipts.		 Yes Dip sample of records
confirmed
If applicable, confirmed that the trustees
have taken the necessary steps to ensure
that restricted or endowed funds are
correctly reported in the accounts		 Yes N/A
If additional checks were necessary, the
evidence was found that showed the
accounting record was complete, voucher
present, and both supported the entry in the
accounts		 Yes None required
Direction 7: If the accounts are prepared on an accruals basis and one or more
related party transactions took place the examiner must check if these were
properly disclosed in the notes to the accounts
Checked that the disclosures required by the
SORP have been made and are complete		 Yes N/A
Considered whether there are any
implications for the examiner’s report and
reporting to the Commission		 Yes N/A
If receipts and payments accounts prepared
and a related party transaction note was
provided, then checked the note for any
implications for the examiner’s report		 Yes N/A
Direction 8: Check the reasonableness of the significant estimates and
judgments and accounting policies used in accounting for the types of fund
held and in the preparation of the accounts
Checked with the trustees that the separate
funds of the charity have been correctly
accounted for and reported correctly in the
accounts		 Yes N/A
Checked the reasonableness of any
significant estimates or judgments that have
been made in preparing the accounts		 Yes None required
Where accruals accounts are prepared,
checked that the accounting policies
adopted are consistent with the SORP and
are appropriate to the activities of the charity		 Yes N/A
Where accruals accounts are prepared,
checked that the accounts were prepared on
a going concern basis		 Yes N/A
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None
Direction 9: The examiner must check whether the trustees have considered
the financial circumstances of the charity at the end of the reporting period
and, if the accounts are prepared on an accruals basis, check whether the
trustees have made an assessment of the charity’s position as a going concern
when approving the accounts

6

Asked the trustees whether they expect the
charity to be able to settle outstanding
invoices, bills and commitments as and
when they fall due		 Yes Charity maintains
sufficient reserve
Asked the trustees about the reserves policy
and the adequacy of the level of reserves
held		 Yes 12 months cash in bank
Where accruals accounts are prepared,
checked that the trustees’ have made an
assessment of going concern and that their
assessment is reasonable given the
information available		 Yes N/A
Where accruals accounts are prepared,
checked that the SORP’s disclosures about
going concern have been made		 Yes N/A
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None
Direction 10: Check the form and content of the accounts
Where receipts and payments accounts
have been prepared, checked that the
charity can lawfully prepare such
accounts, that all the accounting
statements are present and that the funds
of the charity are correctly identified		 Yes Confirmed
Where accruals accounts are prepared,
checked that they comply with the SORP
and applicable accounting standard		 Yes N/A
If the charity is a company, checked that the
accounts also comply with the applicable
company law requirements		 Yes N/A
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None
Direction 11: Identify items from the analytical review
to be followed up for further explanation or evidence		 of the accounts that need

evidence
Carried out an analytical review Yes
Following the analytical review, selected
material items in the accounts for further
explanation or supportingevidence		 Yes Explanation of how Stripe
fees are set out in the
Income & Expenditure
If the accounts could be materially
misstated, additional checks were
undertaken and the examiner is satisfied
that the item(s) identified were satisfactorily
explained and correctly included in the
accounts		 Yes Certain transactions had
been omitted. The
treasurer restated the
accounts and these have
been taken as the final
accounts.
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None

7

Direction 12: Compare the trustees’ annual report with the accounts

Direction 12: Compare the trustees’ annual report with the accounts Direction 12: Compare the trustees’ annual report with the accounts Direction 12: Compare the trustees’ annual report with the accounts
Checked that any figure for reserves quoted
in the trustees’ annual report is not
materially inconsistent with the accounts		 Yes Confirmed via bank
statement
Compared the trustees’ annual report with
the accounts for any material inconsistency		 Yes AGM slides include draft
accounts with restated
accounts being included
as an addendum
Noted any implications for the examiner’s
report and for separate reporting to the
Commission		 Yes None
Direction 13: Write and sign the independent examination report
Reviewed the conclusions from the
independent examination		 Yes
Considered whether the examination has
identified a matter of concern that should be
reported in the examiner’s report		 Yes Opportunity to streamline
the accounts using a
standard package
Checked that the examiner’s report covers
all of the matters required		 Yes See checklist above
If relying on the work of others in
undertaking the independent examination,
the examiner is fully satisfied with their work
and that work has been fully documented		 Yes Liaised with the deputy
Chair and Treasurer
Signed and dated the examiner’s report Yes Confirmed on front page
Reported matters of material significance
direct to the Commission		 Yes None
Exercised discretion and reported relevant
matters direct to the Commission		 Yes None

8