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|||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|
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||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|
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||||||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|
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||||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|
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|||||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|
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||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|
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|||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|
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||||||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|
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|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|
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||||||||
|---|---|---|---|---|---|---|
|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|
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|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|
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|||||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|
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