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2021-03-31-accounts

Page
Introduction
Annual
Review		 2 to 8
Independent
Auditors'		 Report 9to 11
Statement
of Financial		 Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Financial Statements 15to 24

FOR T HE YEAR END ED 31 MARCH 2021
Unrestricted Restricted Total Total
Notes Funds
8		 Funds 2021f 2020
6
income from:
Donations
and membership		 190,480 249 190,729 206,053
Charitable
activities		 75,935 19,391 95,326 343,258
Other trading
activities		 1,225 1,225 1,732
Investments 6,442 11,880 18,322 25,247
Other 3,858 3,858 3,976
Total 277,940 31,520 309,460 580,266
Expenditure
on:
Raising funds and membership 41,758 41,758 41,219
Charitable
activities		 270,940 21,106 292,046 532,125
Total 312,698 21,106 333,804 573,344
Net income/(expenditure) before
gains/(losses)
on Investments		 10 (34,758) 10,414 (24,344) 6,922
Gain/(loss)
on investment		 assets 13 34,563 58,239 92,802 (117,654)
Net income/(expenditure) (195) 68,653 68,458 (110,732)
Transfers
between
funds		 16& 17 (35,048) 35,048
Net movement
In funds		 (35,243) 103,701 68,458 (110,732)
Reconciliation
offunds
Total funds brought
forward		 16&17 400,072 289,887 689,959 800,691
Total funds carried forward 16& 17 8364,829 6393,588 8758,417 8689,959

2021f 2020
5
Cash flows from operating
activities
Net movement
in funds per statement		 of financial activities 68,458 (110,732)
Adjustments
for:
Depreciation
charges		 4,957 4,956
Dividends
and interest receivable		 (18,322) (25,247)
(Gains)
/ losses on revaluation
of investments		 (92,802) 117,654
Decrease
in debtors		 93,568 2,231
(Decrease)
in creditors		 (6,238) (20,649)
Net cash provided
by l(usedin)
operating		 activities 49,621 (31,787)
Cash flows from investing
activities
Dividends
and interest received		 18,322 25,248
Purchase
of listed investments
Purchase
oftangible
fixed assets		 (4,248)
Net cash provided
by I(usedin) investing		 activities 18,322 21,000
Change
in cash and cash equivalents		 in the year 67,943 (10,787)
Cash and cash equivalents
brought
forward		 258,951 269,738
Cash and cash equivalents
carried		 forward 6326,894 6258,951
2021 2020
E
Analysis ofCash and cash equivalents
Cash at bank and
in hand		 F326,894 6258,951

Unrestricted Restricted Total Total
Funds
f		 Funds
f		 2021
F.		 2020
Membership subscriptions
General 178,569 178,569 176,957
SESand ACHPI 11,911 11,911 22,369
Donations
Other donations and sponsorship 249 249 6,727
F190,480 f249 f190,729 f206,053

Unrestricted Restricted Total Total
Funds Fundsf 2021f 2020
F
Project grants 16,756 19,391 36,147 155,514
Annual
dinner		 and networking events 28,825 28,825 148,502
Conferences and exhibitions 9,838
ACRIB management fee 28,500 28,500 28,000
Sales of publications 1,854 1,854 1,404
f75,935 F19,391 F95,326 f343,258

Of the f343,258 income
recognised
restricted funds.
 Of the f343,258 income
recognised
restricted funds.
 in 2020, f211 ,570 was unrestricted funds
and f1		 31,688 was
4, OTHER TRADING ACTIVITIES Unrestricted Restricted Total Tata I
Funds Funds 2021 2020
Advertising
and merchandise		 f1,225 FNil f1,225 f1,732
All ofthe income recognised in 2020 was unrestricted funds,
5. INVESTMENT INCOME Unrestricted Restricted Total Total
Funds Funds 2021 2020
Bank interest and dividends F6,442 F11,880 f18,322 F25,247

Unrestricted Restricted Restricted Total Total
Funds Funds 2021 2020
Royalties f3,858 FNil F3,858 F3,976
All ofthe E3,976 income recognised in 2020 was unrestricted funds.
COST OF RAISING FUNDS
Direct Support Total Total
costs costs 2021 2020
E E E
Membership scheme
General
IOR		 24,424 12,740 37,164 36,685
SESand ACHPI 3,019 1,575 4,594 4,534
E27,443 E14,315 E41,758 F41,219

Direct Support Total Total
costs
E		 costs
f.		 2021f 2020
Analysis by activity:
Education and technical 44,502 13,389 57,891 96,646
Member services 39,700 16,420 56,120 58,376
Projects-
CryoHub 20,058 4,547 24,605 28,714
SIRACH 9,021 3,116 12,137 14,959
Real Alternative 4 Life 57,149 13,978 71,127 170,439
Annual
dinner		 and networking events 17,542 6,147 23,689 118,801
Conferences and exhibitions 34,183 12,294 46,477 44,190
f222,155 E69,891 F292,046 f532,125

SUPPORT C OSTS
Raising Charitable Total Total
funds activities 2021 2020
E F E E
Staff costs 4,614 22,525 27,139 27,441
Office costs 4,435 21,651 26,086 35,740
Premises costs 1,213 5,921 7,134 8,939
Legal, professional and marketing 1,488 7,266 8,754 11,392
Governance costs 748 3,652 4,400 4,391
Subscriptions 1,817 8,876 10,693 9,911
f14,315 E69,891 E84,206 F97,814

10. NET INCOME/(EXPEND ITURE) F OR THE YEAR 2021 2020
This is stated aiter charging:
Operating
lease rentals		 f3,040 F3,040
Depreciation E4,956 E4,956
Auditors'
remuneration		 -audit services f3,900 E3,900
-non-audit services F600 E600
11. STAFF COSTS 2021 2020
F F
Wages and salaries 203,265 214,658
Social security costs 18,354 20,653
Pension costs 13,807 15,307
Health
insurance		 4,853 4,446
f240,279 f255,064
2021 2020
No. No.
employees analysed by activity
is as follow		 s:
2021 2020
No. No.
Membership scheme and member services 1.5 'I.5
Education and technical 0.6 0.6
Projects 1.1 'l.5
Dinner, conferences and other networking events 0.9 0.9
Support 0.9 0.9
50 5.4

12. TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS Freehold Office
Property
f.		 Equipment
f		 Totalf
Cost
At 1 April 2020 123,086 80,816 203,902
Disposals (66,388) (66,388)
At 31 March 2021 123,086 14,428 137,514
Depreciation
At 1 April 2020 53,666 75,302 128,968
Charge for the year 2,462 2,495 4,957
Disposals (66,388) (66,388)
At 31 March 2021 56,128 11,409 67,537
Net Book Value
At 31 March 2021 f66,958 f3,019 f69,977
At 31 March 2020 f69,420 f5,514 f74,934
13. FIXEDASSET INVESTMENTS Unrestricted Restricted Total
Listed UK Investments Funds
f		 Funds
f		 Funds
f
Market value
1 April 2020		 113,854 252,753 366,607
Net unrealised
investment		 gains/(losses) 34,563 58,239 92,802
Market value 31 March 2021 148,417 310,992 459,409
Historical cost as at 31 March 2021 f91,835 f211,533 f303,368
Historical cost as at 31 March 2020 f91,835 f211,533 f303,368
14. DEBTORS 2021f 2020
f
Trade debtors 5,827 16,451
Prepayments
and accrued		 income 37,269 117,521
Other debtors 9,250 11,942
f52,346 f145,914

Balance Transfers Balance
1 April Income Expenditure between 31 March
2019
f		 (incl. losses)
F		 funds 2020
F
General Fund 421,902 426,568 448,398 400,072
Designated Fund
-Alternative Refrigerants 5,000 (5,000)
6426,902 F426,568 F448,398 F(5,000) 6400,072
ANAI YSISO F NE T A SSETS BETWEE N FUNDS
Tangible Net
fixed current Total
assets Investments assets 2020
F
Restricted Funds
President's
Fund		 241,543 41,775 283,318
Mike Tinsley Fund 23,847 17,966 41,813
Refrigeration Aberdeen Fund 28,042 16,769 44,811
Ted Perry Award 17,560 6,086 23,646
CryoHub Project
Real Alternative 4 Life
310,992 82,596 393,588
Unrestricted Funds
General
Fund		 69,977 148,417 135,368 353,762
REAL Alternatives Consortium 11,067 11,067
69,977 148,417 146,435 364,829
Total Funds at 31 March 2021 F69,977 6459,409 6229,031 F758,417

Comparative
info		 rmation f or the previous
a		 ccounting
year is		 as f ollows:
Tangible Net
fixed current Total
assets
f		 Investments assets
6		 2019
6
Restricted Funds
President's
Fund		 199,298 32,512 231,810
Mike Tinsley
Fund		 18,355 17,004 35,359
Refrigeration
Aberdeen		 Fund 21,584 15,601 37,185
Ted Perry Award 13,516 5,640 19,156
CryoHub
Project		 23,107 23,107
Real Alternative 4 Life (56,730) (56,730)
252,753 37,134 289,887
Unrestricted
Funds
General
Fund		 74,934 113,854 211,284 400,072
Alternative
Refrigerants		 Fund
74,934 113,854 211,284 400,072
Total Funds at 31 March 2020 874,934 6366,607 6248,418 F689,959
COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021 2020
6 E
Due within:
One year 1,013 3,040
One to five years 1,013
F1,013 E4,053