Company registration number: 01923559 Charity registration number: 1161870
Chartered Institute of Ergonomics & Human Factors
(A company limited by guarantee) Annual Report and Financial Statements
for the Year Ended 31 December 2022
Chartered Institute of Ergonomics & Human Factors
Contents
| Reference and Administrative Details | 1 to 2 |
|---|---|
| Strategic Report | 3 to 6 |
| Statement of Trustees' Responsibilities | 7 |
| Accountants' Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
Chartered Institute of Ergonomics & Human Factors
Reference and Administrative Details
Chief Executive Officer
Benjamin Peachey
Trustees
Alex Stedmon (President Elect to April 2022, President from April 2022) Chris Ramsden (President to April 2022, Past President from April 2022)
Barry Kirby (Ordinary member to April 2022, President Elect from April 2022)
Amanda Widdowson (Past President to April 2022, Ordinary member from April 2022)
Jonathan Berman (Treasurer)
Fiona Cayzer (co-chair of PAB)
Steve Harmer (co-chair of PAB from April 2022)
Barbara Haward (co-chair of PAB to April 2022)
Julie Avery (Associate Member Representative)
Ella-Mae Hubbard (Technical Member Representative to April 2022)
Kirsty Angerer (Graduate Member Representative to April 2022) Mark Young
Rebecca Charles
Byron Edwards Mark Sujan
Courtney Grant Monica Sen Gupta
Terry Lansdown Nu'maan Kala
Registered Office
Robert Bridger 7 The Courtyard Wootton Park Wootton Wawen Warwickshire B95 6HJ
The charity is incorporated in England and Wales.
Page 1
Chartered Institute of Ergonomics & Human Factors
Reference and Administrative Details
Company Registration Number 01923559 Charity Registration Number 1161870 Accountants Ask Accountancy Limited Chartered Certified Accountants 154 Rothley Road Mountsorrel Loughborough Leicestershire LE12 7JX
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Chartered Institute of Ergonomics & Human Factors
Strategic Report for the Year Ended 31 December 2022
Strategic Report for the Year Ended 31 December 2022
The Chartered Institute of Ergonomics and Human Factors (CIEHF) served its members and the profession through a full programme of activity and continuous communication in 2022, contributing to another successful year. This report sets out how we have achieved this.
CIEHF is recognised through its Chartered status as the pre-eminent professional membership body for ergonomics and human factors in the United Kingdom. We are one of the most active professional bodies for ergonomists and human factors professionals anywhere in the world. We attracted 339 new members in 2022 with a total membership of 1967 at the end of the year, a net gain of 17 members from our 2021 end of year figure of 1950. Whilst our overall members numbers have shown little growth, our ability to attract new members has helped us beat an international trend where our fellow ergonomics associations and societies in other countries are reporting reductions in member numbers.
It is important to note that most of the recruitment of new members and loss of existing members was in our Associate and Student (i.e. non-qualified) Member grades. Our qualified professional member numbers have remained relatively steady. 514 members (26% of total membership) kept or gained their Chartered status in 2022. These members demonstrated their continuing professional competence and expertise by providing over 3,500 continuous professional development (CPD) submissions as part of our annual chartership process. It is a priority to encourage non-qualified members and non-members in the ergonomics and human factors profession to go on the path to chartership. In 2023, we plan to develop activities and resources to encourage and support existing members in upgrading to professional membership.
The Institute’s Chief Executive departed in March 2022 with a replacement appointed mid-year and starting in his role in September 2022. Despite this gap in leadership, the Institute had a very good year with the staff team successfully implementing foundational projects that began in 2021.
In mid-February we launched a new, more modern and ‘responsive’ website and our new logo and branding, which were all very well received and successfully rolled out across all channels and content. We also made significant investments in our digital infrastructure, moving to a new dual content management system (CMS) and customer relationship management (CRM) system. This is already helping us better serve the needs of our members and other stakeholders.
One of the first challenges the new Chief Executive has been asked to address is to refresh the organisation’s strategy which will be a priority activity in 2023. The current 2020-2024 strategy has served the organisation well but we have broadly achieved the ambition outlined in that plan. In reviewing the current strategy and with the benefit of hindsight, the trustees have agreed that while the current strategic plan has driven some excellent strategic choices as demonstrated by the achievements included in this and previous reports, it was weak on measurement and having clear long-term ambitions. The trustees agreed the scope and process for developing a new strategic plan in their December 2022 meeting, including a plan to carry out a member survey as a key input.
One area for improvement we started working on in 2022 was better data and analytical tools to understand the state of member engagement. One of the benefits of our new CRM is that it is easier to automatically track member activity and so we now have created processes to log member interactions including website logins and attendance at member events.
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Chartered Institute of Ergonomics & Human Factors
Strategic Report for the Year Ended 31 December 2022
Ensuring financial resilience and stability
Our financial position continues to be strong. There have been some fluctuations in our forecast income and expenditure over the year but this did not affect our overall financial health. For example, membership subscription income at year end was lower than predicted, partly due to the fact that we now offer monthly direct debit payments which means not all income for membership subscriptions starting or renewing this year will be received this year. At the same time, expenditure on management and staff was less than budgeted due to timings in the recruitment of the CEO and Head of Learning & Development. We also saw our first income from the development of Learning Pathways.
The royalty income from our two associated journals, ‘Ergonomics’ and ‘Applied Ergonomics’ remained healthy in 2022 and we believe that will continue into 2023. The financial risks identified with the move to open access publishing has not had a detrimental impact on our income to date, but we will continue to monitor the situation.
Overall, we had an operating surplus at the end of the year of £30.5k. Our robust financial position combined with a recognition of the challenges we all face with the cost-of-living crisis led to a decision to freeze membership fees for another year (they have not risen since 2019).
We are forecasting a significant increase in revenue in 2023. Our investment in learning (see below) has meant that it is becoming a significant new stream of income for our organisation. If this grows as we expect, we will have more funds available to put back into the profession.
Our end of year financial results have given us confidence to plan for continued growth in the coming year and we have committed to hire an additional employee to help us deal with the expected increase in workload related to the Learning Pathways and our commitment to invest more staff time in data and analytics. Our Financial Accounts are presented later in this document.
Supporting our members
Member engagement continues to be strong. We have a proactive cohort of member volunteers who serve as trustees and sit on our Professional Affairs Board, who act as reviewers, mentors and assessors, who lead Regional Networks, Sector and Special Interest Group and who generate content for webinars and publications.
In 2022, we hosted 52 online member meet-ups with 810 attendees. For the first time, we hosted our annual conference in two parts and featured 82 speakers in total. A two-day in-person conference in the UK, our first to be held post-pandemic, attracted 138 attendees. It was preceded by two days of webinars two weeks before, attended by 270 people from 33 countries.
We have a range of digital resources for members including online versions of our quarterly magazine ‘The Ergonomist’, access to journals, our ‘Communities’ discussion forum which is a platform for members to exchange thought leadership, research, insight and best practice, and a weekly email communication to members which gets open rates in excess of 50%.
Investment in Learning
In recent years, a number of experienced members have approached the Institute to raise their concerns about the pool of talent coming into the profession and going on to be Chartered. At the same time, there has been a decline in ergonomics and human factors courses and a view from industry that without significant training, new human factors recruits lacked some key competencies. This was the driver for our decision in 2021 to invest in learning.
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Chartered Institute of Ergonomics & Human Factors
Strategic Report for the Year Ended 31 December 2022
We made significant progress on that commitment in 2022. We recruited a Head of Learning & Development in a brand new role who is now leading the development of our new Learning Management System (LMS). We have also created a significant amount of content following development of a three-level, multi-module Learning Pathway framework. This has been transferred to the LMS in an illustrated and engaging format. The core content for each module has been developed with the help of members expert in communicating human factors to a breadth and depth that will enable learners to become competent practitioners. It is anticipated that it will take learners a minimum of two years to complete all three levels of the Pathway. Successful completion will give them eligibility to apply for Technical Membership.
We are now beginning to customise the content for certain sectors including construction, rail and mining, with the help of members who specialise in those areas. Six learners from the rail sector started to pilot Level 1 content in late 2022 and our ambition is to enrol over 1000 learners in 2023. We signed agreements with three companies in 2022 to deliver the Learning Pathway for their employees and discussions began with other interested organisations.
This will be a key tool for educating those in other professions about the value of applying human factors using specialist tools and techniques and in working with qualified human factors professionals. Our hope is that this will greatly increase the number of people who understand the benefits of our profession ‘on the ground’ in organisations. We also hope that having a pipeline of learners exposed to the discipline will encourage more people to embark on the journey to become a Chartered practitioner.
We contributed to an industry-led trailblazer group that has developed a degree apprenticeship programme in human factors. The apprenticeship has been designed as an integrated Master’s degree and successful graduates of the programme will qualify as a Graduate Member of CIEHF and be on the path to chartership. The Institute for Apprenticeships and Technical Education approved the human factors occupational standard and end point assessment plan in 2022. The funding band application – developed in partnership with two universities who want to offer the programme – was submitted to the Department for Education. If, as hoped, this is approved in early 2023, the programme can launch in time for the academic year starting in September 2023.
Engaging the broader profession
We have had another successful year in raising the profile of our sector. Our social media presence is important in our Charter obligation to raise public awareness of the discipline and its applications. In November, we reached a milestone of 5000 followers on LinkedIn and a 41% increase in followers during the year with our webinars and videos prompting the most reaction.
In total in 2022, we delivered 27 webinars and published 31 new infographics, videos and publications (including three white papers, three guidance documents and two chapters of an e-book). This resulted in 27,400 downloads and views of our content. We also continued to publish ‘Think’, our monthly e-newsletter available to everyone which has over 3000 subscribers.
Partnerships
Collaborating and working with professional and occupational institutes, trade bodies, research entities, government departments, agencies and others to influence how integrated design can improve life, wellbeing and performance is key element of our strategic plan. We believe that working with others will contribute to us broadening and strengthening our influence and our ability to deliver all the elements of our strategy, including becoming a world-class professional body.
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Chartered Institute of Ergonomics & Human Factors
Strategic Report for the Year Ended 31 December 2022
Engagement highlights in 2022 included supporting the Energy Institute and Loughborough University develop and deliver learning pathways for professionals in the energy and healthcare sectors respectively. We are also an active participant in the International Ergonomics Association and continue to support the development of smaller societies. For example, we have worked with our sister association in New Zealand providing them with resources and information about our accreditation processes and grades to assist with their own development in these areas.
Conclusion
Overall, we have had a very successful year, supporting members, organisations and the wider public. We would like to thank the CIEHF Team who work tirelessly to ensure we achieve what we set out to do. We thank all our members who volunteer their time and effort in many roles - we could not fulfil our aims without their dedication and commitment.
As we look to 2023, there are real opportunities for the profession. We are living in very challenging times and ergonomics and human factors specialists are very well placed, whether within their organisations or sectors, to help society grapple with the social, economic and environmental challenges we are facing.
This strategic report was approved by the trustees of the charity on 2 March 2023 and signed on their behalf by:
Jonathan Berman Treasurer
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Chartered Institute of Ergonomics & Human Factors
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Chartered Institute of Ergonomics & Human Factors for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Mr Jonathan Berman Treasurer, Trustee
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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Chartered Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of Chartered Institute of Ergonomics & Human Factors for the Year Ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chartered Institute of Ergonomics & Human Factors for the year ended 31 December 2022 as set out on pages 9 to 19 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Chartered Institute of Ergonomics & Human Factors, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Chartered Institute of Ergonomics & Human Factors and state those matters that we have agreed to state to the board of directors of Chartered Institute of Ergonomics & Human Factors, as a body, in this report, in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chartered Institute of Ergonomics & Human Factors and its board of directors as a body for our work or for this report.
It is your duty to ensure that Chartered Institute of Ergonomics & Human Factors has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of Chartered Institute of Ergonomics & Human Factors. You consider that Chartered Institute of Ergonomics & Human Factors is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Chartered Institute of Ergonomics & Human Factors. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ask Accountancy Limited Chartered Certified Accountants 154 Rothley Road Mountsorrel Loughborough Leicestershire LE12 7JX 16 March 2023
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Chartered Institute of Ergonomics & Human Factors
Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Charitable activities 3 Investment income 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 Note Income and Endowments from: Charitable activities 3 Investment income 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 680,148 101 680,249 (23,696) (626,016) (649,712) 30,537 30,537 326,117 356,654 Unrestricted funds £ 608,787 126 608,913 (5,796) (575,617) (581,413) 27,500 27,500 298,617 326,117 |
Restricted funds £ - - - - - - - - 23,722 23,722 Restricted funds £ - - - - - - - - 23,722 23,722 |
Total 2022 £ 680,148 101 |
|---|---|---|---|
| 680,249 | |||
| (23,696) (626,016) |
|||
| (649,712) | |||
| 30,537 | |||
| 30,537 349,839 |
|||
| 380,376 | |||
| Total 2021 £ 608,787 126 |
|||
| 608,913 | |||
| (5,796) (575,617) |
|||
| (581,413) | |||
| 27,500 | |||
| 27,500 322,339 |
|||
| 349,839 |
All of the charity's activities derive from continuing operations during the above two periods.
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Chartered Institute of Ergonomics & Human Factors
(Registration number: 01923559) Balance Sheet as at 31 December 2022
| Note Fixed assets Tangible assets 10 Investments 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 16 |
2022 £ 479 109,843 110,322 17,250 307,562 324,812 (54,758) 270,054 380,376 23,722 356,654 380,376 |
2021 £ 958 133,539 |
|---|---|---|
| 134,497 | ||
| 7,441 211,920 |
||
| 219,361 (4,019) |
||
| 215,342 | ||
| 349,839 | ||
| 23,722 326,117 |
||
| 349,839 |
For the financial year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Mr Jonathan Berman Treasurer, Trustee
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
1 Charity status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The principal place of business is: 7 The Courtyard Wootton Park Wootton Wawen Warwickshire B95 6HJ
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Chartered Institute of Ergonomics & Human Factors meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
-
The donor specifies that the grant or donation must only be used in future accounting periods; or
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The donor has imposed conditions which must be met before the charity has unconditional entitlement.
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Furniture and fittings
Depreciation method and rate 25% cost
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
3 Income from charitable activities
| Member subscriptions Professional application fees, Registered consultancy and CREE Journal royalties and purchases Course accreditation (applications and licences) Training and Education fees Event delegate fees Advertising, sponsorship and exhibitions Projects |
Unrestricted funds General £ 229,844 13,037 189,181 4,300 96,051 42,827 23,015 77,280 675,535 |
Total 2022 £ 229,844 13,037 189,181 4,300 96,051 42,827 23,015 77,280 675,535 |
Total 2021 £ 253,170 16,255 197,317 11,000 210 54,727 22,583 53,525 |
|---|---|---|---|
| 608,787 |
4 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Total for 2022 Total for 2021 |
Unrestricted funds General £ 101 101 126 |
Total funds £ 101 |
|---|---|---|
| 101 | ||
| 126 |
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
5 Expenditure on raising funds
a) Investment management
| Loss(Gain) on investment Total for 2022 Total for 2021 6 Expenditure on charitable activities Member subscriptions Allocated support costs Governance costs Total for 2022 Total for 2021 |
Unrestricted funds General £ 23,696 23,696 5,796 Unrestricted funds General £ 274,854 338,520 12,642 626,016 575,617 |
Total funds £ 23,696 |
|---|---|---|
| 23,696 | ||
| 5,796 | ||
| Total funds £ 274,854 338,520 12,642 |
||
| 626,016 | ||
| 575,617 |
In addition to the expenditure analysed above, there are also governance costs of £12,642 (2021 - £6,208) which relate directly to charitable activities. See note for further details.
7 Net incoming/outgoing resources
Net incoming resources for the year include:
| Other non-audit services Depreciation of fixed assets |
2022 £ 2,700 479 |
2021 £ 2,700 479 |
|---|---|---|
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
8 Staff costs
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2022 No Average number of employees 5 5 (2021 - 4) of the above employees participated in the Defined Contribution Pension Schemes. |
2021 No 4 |
|---|---|
Contributions to the employee pension schemes for the year totalled £10,946 (2021 - £10,165).
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Tangible fixed assets
| Cost At 1 January 2022 At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 11 Fixed asset investments Other investments |
Furniture and equipment £ 11,017 11,017 10,059 479 10,538 479 958 2022 £ 109,843 |
Total £ 11,017 |
|
|---|---|---|---|
| 11,017 | 11,017 | ||
| 10,059 479 |
10,059 479 |
||
| 10,538 | 10,538 | ||
| 479 | 479 | ||
| 958 | 958 | ||
| 2022 £ 109,843 |
2021 £ 133,539 |
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
12 Debtors
| Other debtors 13 Cash and cash equivalents Cash on hand Cash at bank 14 Creditors: amounts falling due within one year VAT grant repayable Other creditors Accruals Deferred income |
2022 £ 17,250 2022 £ - 307,562 307,562 2022 £ 2,548 4,598 3,999 43,613 54,758 |
2021 £ 7,441 |
|---|---|---|
| 2021 £ 21 211,899 |
||
| 211,920 | ||
| 2021 £ - - 3,999 20 |
||
| 4,019 |
15 Contingent assets
The Institute holds a 50% equity holding in the journal 'Applied Ergonomics' which was valued in 2015 at £1,200,000. A longstanding contractual relationship exists with the journal 'Ergonomics' but without an equity holding. Both journals together generate the royalty income shown in the SOFA.
.
The total value of contingent assets is £1,200,000.
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
16 Funds
| Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 January 2022 £ 326,117 23,722 349,839 Balance at 1 January 2021 £ 298,617 23,722 322,339 |
Incoming resources £ 680,249 - 680,249 Incoming resources £ 608,913 - 608,913 |
Resources expended £ (649,712) - (649,712) Resources expended £ (581,413) - (581,413) |
Balance at 31 December 2022 £ 356,654 23,722 |
|---|---|---|---|---|
| 380,376 | ||||
| Balance at 31 December 2021 £ 326,117 23,722 |
||||
| 349,839 |
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Chartered Institute of Ergonomics & Human Factors
Notes to the Financial Statements for the Year Ended 31 December 2022
17 Analysis of net assets between funds
| 17 Analysis of net assets between funds | ||
|---|---|---|
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds General £ 479 109,843 324,812 (54,758) 380,376 Unrestricted funds General £ 958 133,539 219,361 (4,019) 349,839 |
Total funds at 31 December 2022 £ 479 109,843 324,812 (54,758) |
| 380,376 | ||
| Total funds at 31 December 2021 £ 958 133,539 219,361 (4,019) |
||
| 349,839 |
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Chartered Institute of Ergonomics & Human Factors
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Charitable activities Member subscriptions Professional register, consultancy and CREE Journal royalties Course accreditation (applications and licences) Training and Education fees Event delegate fees Projects Advertising, sponsorship and exhibitions Investment income Interest on cash deposits Raising funds (Gain)/loss on programme related investments Charitable activities Events and support The Ergonomist magazine & E newsletter Training and education Membership and support costs Professional standards and awards External affiliations PR and social media Marketing and promotion Regional and sector groups Projects Wages and salaries Workspaces and storage Telephone IT and support Printing, postage and stationery Accountancy fees Banking and insurance |
Total 2022 £ 229,843 14,498 189,181 5,100 96,051 42,827 77,280 25,368 680,148 101 101 (23,696) (23,696) (66,185) (67,800) (17,820) (7,051) (1,643) (20,263) (5,160) (47,945) (1,560) (39,427) (229,816) (7,807) (915) (89,857) (452) (1,708) (7,486) |
Total 2021 £ 253,170 16,255 197,317 11,000 210 54,727 53,525 22,583 |
|---|---|---|
| 608,787 | ||
| 126 | ||
| 126 | ||
| (5,796) | ||
| (5,796) | ||
| (42,901) (45,382) (91,087) (16,026) (1,554) (9,419) (3,122) (26,034) (348) (34,656) (208,223) (7,410) (812) (69,840) (1,444) (2,968) (7,704) |
This page does not form part of the statutory financial statements. Page 20
Chartered Institute of Ergonomics & Human Factors
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Depreciation of fixtures and fittings Committee expenses External support and advice Independent examiner's fee |
Total 2022 £ (479) (1,764) (8,178) (2,700) (626,016) |
Total 2021 £ (479) (758) (2,750) (2,700) |
|---|---|---|
| (575,617) |
This page does not form part of the statutory financial statements. Page 21