| ~pa e | |
|---|---|
| Company information |
|
| Report ofthe Executive Committee | 2-5 |
| Report ofthe Independent Examiner |
|
| Statement ofFinancial Activities | |
| Balance sheet | |
| Notes to the Financial Statements | 9-14 |
| FORTHE YEA | RENDED 31DECEMBER | 2022 | |
|---|---|---|---|
| 2022 | 2021 | ||
| Note | |||
| Incomin Resources |
|||
| Membership | 261,643 | 261,058 | |
| Examinations | 163,454 | 208,922 | |
| Registration ofschools |
39,651 | 38,681 | |
| Booklets and leaflets | 4,740 | 14,199 | |
| Gift Aid —covenanted | income | 3,602 | 6,354 |
| Magazine | 1,599 | 5,169 | |
| Other income | 12 | ||
| Net investment (charge)/ |
|||
| income | 2 | (7,028) | 3,980 |
| Workshops | 15,521 | ||
| Total incoming resources | 483,182 | 538,375 | |
| Resources Ex ended | |||
| Cost ofgenerating funds: |
|||
| Fundraising expenses |
|||
| Charitable expenditure: |
|||
| Direct charitable | |||
| expenditure | 93,717 | 50,190 | |
| Management and |
|||
| administration | 268,326 | 251,662 | |
| Total resources expended | 362,043 | 301,852 | |
| Net surplus for the year | 121,139 | 236,523 | |
| Value adjustments in respect of |
|||
| investments —unrestricted |
(37,328) | 11,208 | |
| Total surplus for the year | 83,811 | 247,731 | |
| Fund balances brought | forward | 1,039,783 | 792,052 |
| Fund balances carried | forward | 61,123,594 | 61,039,783 |
| BALANCE | SHEET AT 31DECEMBER 2022 | SHEET AT 31DECEMBER 2022 | |
|---|---|---|---|
| Note | |||
| 2022 | 2021 | ||
| FIXEDASSETS | |||
| Tangible assets | 328,143 | 335,774 | |
| 328,143 | 335,774 | ||
| CURRENT ASSETS | |||
| Debtors and prepayments | 17,340 | ||
| Investments | 344,032 | 388,955 | |
| Cash at bank | 469,210 | 340,901 | |
| 830,582 | 729,856 | ||
| CREDITORS: amounts falling due | |||
| within one year | (35,131) | (25,847) | |
| NET CURRENT ASSETS | 795,451 | 704,009 | |
| TOTAL ASSETS | f.1,123,594 | E1,039,783 | |
| Represented by: |
|||
| UNRESTRICTED FUNDS | 10 | 61,123,594 | 61,039,783 |
| 2. NET IN |
VESTMENT CHARGES INCOME |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Interest on | cash deposits | 101 | |
| Other interest received | 3,092 | ||
| Dividends | received | 5,878 | 2,203 |
| Other income distributions | 495 | 119 | |
| (Loss)/gain | on disposal ofinvestments | (13,848) | 1,870 |
| Investment | charges | (2,746) | (1,155) |
| 6(7,028) | E3,980 |
| 3. DIRECT CHA | RITABLE | EXPENDITURE | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Translation costs |
4,185 | 3,311 | ||
| Magazines | 14,170 | 13,544 | ||
| Books purchased | for resale | 273 | ||
| Booklets, leaflets | and directories | 3,761 | ||
| Exhibitions and meetings | ||||
| Examinations | 26,202 | 27,916 | ||
| Miscellaneous costs |
591 | 243 | ||
| Patents and trademarks | 1,306 | |||
| Research costs (University | ofNorthumbria) | 44,191 | ||
| UKconference costs | 90 | |||
| Workshop costs | 259 | |||
| Charity projects | 2,799 | 1,066 | ||
| E93,717 | E50,190 |
| 4. MANAGEMENT AND ADMINISTRATION EXPE |
NDITURE | |
|---|---|---|
| 2022 | 2021 | |
| Note | ||
| 6 Gross salaries |
156,808 | 149,825 |
| Other staff costs | 3,856 | 2375 |
| Staff training and recruitment | 1,030 | |
| Office heating, lighting and council tax | 6,143 | 1,356 |
| Office telephone and internet |
5,657 | 4,019 |
| Website | ||
| Postage, printing and stationery |
43,953 | 40,293 |
| Travel, accommodation and |
||
| council expenses | 2,746 | 3,233 |
| Property service charges and insurance |
1,295 | 5,840 |
| Advertising | 440 | |
| Bank charges | 7,383 | 6,636 |
| Book-keeping and accountancy | 3,608 | 3,763 |
| Professional Standards Authority |
11,503 | 14,413 |
| Other associations | 1127 | 1,103 |
| Independent examiner's fee |
3,780 | 3,600 |
| Repairs and low value assets | 2,091 | 1,667 |
| Computers and ITmaintenance |
5,042 | 10 |
| Depreciation —leasehold property |
7,631 | 7,631 |
| Photocopier rental |
5,703 | 4,428 |
| E268,326 | K251,662 | |
| 5. OPERATING SURPLUS | ||
| Operating surplus is shown after charging: |
||
| 2022 | 2021 | |
| Depreciation on tangible fixed assets |
B7,631 | f:7,631 |
| 6. STAFFCOSTS | ||
|---|---|---|
| 2022 | 2021 | |
| Wages and salary | 135,459 | 129,756 |
| Social security costs | 10,552 | 9,285 |
| Pension costs | 10,797 | 10,784 |
| E156,808 | E149,825 |
| 2022 | 2021 | |
|---|---|---|
| {NNo. | {NNo. | |
| Direct charitable work | ||
| 7. TANGIBLE FIXEDASSETS | ||
| Leasehold | ||
| COST | Property | |
| At 1January and 31December 2022 |
381,560 | |
| DEPRECIATION | ||
| As at 1January 2022 | 45,786 | |
| Charge for the period | 7,631 | |
| As at31December 2022 | 53,417 | |
| NET BOOKVALUE | ||
| As at 31December 2022 | E328,143 | |
| As at31December 2021 | 6335,774 |
| 2022 | 2021 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Listed investments | F.344,032 | f:388,955 | ||||||
| At the reporting | date, listed investments held with Quilter Cheviot Limited are held |
at their | ||||||
| market value, in | accordance with their valuation | report prepared by Quilter |
Cheviot. | |||||
| 9. | CREDITORS: Amounts fallin |
due | within one | ear | ||||
| 2022 | 2021 | |||||||
| Trade creditors | 27,613 | 9,553 | ||||||
| Accruals | 3,780 | 3,600 | ||||||
| Social security and other taxes | 3,738 | 4,949 | ||||||
| Income received | in advance | 7,745 | ||||||
| E35,131 | 6 | 25,847 | ||||||
| 10. ACCUMULATED FUND - UNRESTRICTED |
||||||||
| 2022 | 2021 | |||||||
| Balance at 1January 2022 | 1,039,783 | 792,052 | ||||||
| Excess ofincome | over expenditure | for the year | 83,811 | 247,731 | ||||
| Balance at31December 2022 | 61,123,594 | 61,039,783 |