| Page | ||
|---|---|---|
| Introduction | ||
| Annual Review |
2 to 9 | |
| Independent Auditors' |
Report | 10to 12 |
| Statement of Financial |
Activities | 13 |
| Balance Sheet | 14 | |
| Cash Flow Statement | ||
| Notes to the Financial | Statements | 16to 25 |
| FOR T | HE YEAR EN | DED 31 MARCH | 2022 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | Funds | Funds | 2022 | 2021 | ||
| 5 | 5 | |||||
| Income from: | ||||||
| Donations and membership Charitabfe actiwties |
193,846 96,515 |
2,355 2,732 |
196,201 99,247 |
190,729 95,326 |
||
| Other trading activities |
1,200 | 1,200 | 1,225 | |||
| investments | 6,365 | 13,442 | 19,807 | 18,322 | ||
| Other | 4,157 | 4,157 | 3,858 | |||
| Total | 302,083 | 18,529 | 320,612 | 309,460 | ||
| Expenditure on: |
||||||
| Raising funds and membership |
45,724 | 45,724 | 41,758 | |||
| Charitable activities |
283,003 | 283,003 | 292,046 | |||
| Total | 328,727 | 328,727 | 333,804 | |||
| Net income/(expenditure) | before | |||||
| gains/(losses) on investments Gain/(loss) on investment assets |
10 13 |
(26,644) 17,693 |
18,529 33,597 |
(8,115) 51,290 |
(24,344) 92,802 |
|
| Net income/(expenditure) | (8,951) | 52,126 | 43,175 | 68,458 | ||
| Transfers between funds |
168 17 | 2,732 | (2,732) | |||
| Net movement in funds |
(6,21 9) | 49,394 | 43,175 | 68,458 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
16 & 17 | 364,829 | 393,588 | 758,417 | 689,959 | |
| Total funds carried forward | 16 & 17 | 5358,610 | 6442,982 | 5801,592 | 5758,417 |
| Notes | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed Assets | ||||||||
| Tangible assets | 12 | 65,558 | 69,977 | |||||
| Investments | 13 | 510,699 | 459,409 | |||||
| 576,257 | 529,386 | |||||||
| Current Assets | ||||||||
| Debtors | 14 | 26,864 | 52,346 | |||||
| Cash at bank and | in hand | 299,698 | 326,894 | |||||
| 326562 | 379,240 | |||||||
| Creditors | ||||||||
| Amounts falling due within one year |
15 | 101,227 | 150,209 | |||||
| Net Current Assets | 225,335 | 229,031 | ||||||
| Net Assets | 18 | f'801,592 | f758,417 | |||||
| Funds | ||||||||
| Restricted | 16 | 442,982 | 393,588 | |||||
| Unrestricted | 17 | 358,610 | 364,829 | |||||
| f801,592 | f758,417 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 5 | E | ||||
| Cash flows from operating activities |
|||||
| Net movement in funds per statement |
offinancial | activities | 43,175 | 58,458 | |
| Adkustments for: |
|||||
| Depreciation charges |
4,419 | 4,957 | |||
| Dividends and interest receivable (Gains) / losses on revaluation of investments Decrease in debtors (Decrease) in creditors |
(19,807) (51,290) 25,482 (48,982) |
(18,322) (92,802) 93,568 (6,238) |
|||
| Net cash provided by I (usedin) operating |
activities | (47,003) | 49,621 | ||
| Cash flows from investing activities |
|||||
| Dividends and interest received Purchase of listed investments |
19,807 | 18,322 | |||
| Purchase oftangible fixed assets | |||||
| Net cash provided byl(used in) investing | activities | 19,807 | 18,322 | ||
| Change in cash and cash equivalents |
in the year | (27,196) | 67,943 | ||
| Cash and cash equivalents brought forward |
326,894 | 258,951 | |||
| Cash and cash equivalents carried forward |
5299,698 | 5326,894 | |||
| 2022 | 2021 | ||||
| 5 | 5 | ||||
| Analysis ofCash and cash equivalents | |||||
| Cash at bank and in hand |
E299,698 | 5326,894 |
| Unrestricted | Restricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||||
| f | f | ||||||||
| Membership subscriptions |
|||||||||
| General | 179,933 | 179,933 | 178,569 | ||||||
| SESand ACHPI | 13,513 | 13,513 | 11,911 | ||||||
| Donations | |||||||||
| Other donations | and | sponsorship | 400 | 2,355 | 2,755 | 249 | |||
| f193,846 | E2,355 | E196,201 | F190,729 | ||||||
| Of the E190,729 recognised | in 2021, | F190,480was unrestricted | funds and F249was restricted | funds | |||||
| INCOIVIE FROM CHARITABLE ACTIVITIES | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | 2022 | 2021 | ||||||
| E | F | ||||||||
| Pro)act grants | 11,892 | 2,732 | 14,624 | 36,147 | |||||
| Annual dinner |
and | networking | events | 49,854 | 49,854 | 28,825 | |||
| Conferences | and | exhibitions | 4,898 | 4,898 | |||||
| ACRIB management | fee | 28,500 | 28,500 | 28,500 | |||||
| Sales of publications | 1,371 | 1,371 | 'l,854 | ||||||
| F96,515 | E2,732 | E99,247 | F95,326 |
| Of the F95,326 income recognised restricted funds. |
Of the F95,326 income recognised restricted funds. |
in 2021, E75, | 935 was unrestricted |
funds and F |
19,391 was | |
|---|---|---|---|---|---|---|
| 4. | OTHER TRADING ACTIVITIES | Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |||
| Advedising and merchandise |
f'1,200 | F,Nil | E1,200 | F1,225 | ||
| All ofthe income recognised | in 2021 was unrestricted | funds | ||||
| 5. | INVESTMENT INCOME | Unrastnctsd | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |||
| Bank interest and diwdends | E6,365 | E13,442 | f19,807 | E18,322 |
| /contd. .. | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6. | OTHER INCOME | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | 2022 | 2021 | ||||||||
| Royalties | f4,157 | fNil | f4,157 | F3,858 | |||||||
| AII ofthe F3,858 income | recogmsed | in 2021 was unrestricted | funds. | ||||||||
| 7. | COST OF | RAISING FUNDS | |||||||||
| Direct | Support | Total | Total | ||||||||
| costs | costs | 2022 | 2021 | ||||||||
| f | F | ||||||||||
| Membership scheme |
|||||||||||
| General | IOR | 24,536 | 17,987 | 42,523 | 37,164 | ||||||
| SESand | ACHPI | 1,847 | 1,354 | 3,201 | 4,594 | ||||||
| f26,383 | f19,341 | f45,724 | f41,758 | ||||||||
| All ofthe f41,758 | expenditure | recognised | in 2021 was | charged to unrestricted | funds. | ||||||
| 8. | EXPENDITURE ON CHARITABLE ACTIVITIES | ||||||||||
| Direct | Support | Total | Total | ||||||||
| costsf | costs | 2022f | 2021 | ||||||||
| Analysis | by activity: | ||||||||||
| Education | and technical | 43,944 | 17,987 | 61,931 | 57,891 | ||||||
| Member services | 59,480 | 27,561 | 87,041 | 56,120 | |||||||
| Projects- | |||||||||||
| CryoHub | 24,605 | ||||||||||
| SIRACH | 9,055 | 4,158 | 13,213 | 12,137 | |||||||
| Real Alternatwe | 4 Life | 71,127 | |||||||||
| Annual dinner and |
networking | events | 58,650 | 8,316 | 66,966 | 23,689 | |||||
| Conferences and |
exhibitions | 34,511 | 19,341 | 53,852 | 46,477 | ||||||
| f205,640 | f77,363 | f283,003 | F292,046 |
| SUPPORT C | OSTS | |||||
|---|---|---|---|---|---|---|
| Raising | Charitable | Total | Total | |||
| funds f |
activities f |
2022 f |
2021f | |||
| Staffcosts | 5,545 | 22,178 | 27,723 | 27,139 | ||
| Office costs | 7,095 | 28,38'I | 35,476 | 26,086 | ||
| Premises costs |
1,368 | 5,473 | 6,841 | 7,134 | ||
| Legal professional |
and marketing | 2,038 | 8,152 | 10,190 | 8,754 | |
| Governance | costs | 1,091 | 4,365 | 5,456 | 4,400 | |
| Subscriptions | 2,204 | 8,814 | 11,018 | 10,693 | ||
| f19,341 | f77,363 | F96,704 | F84,206 |
| 10. | NET INCOME/(EXPENDITURE) | NET INCOME/(EXPENDITURE) | FOR THE YEAR | FOR THE YEAR | 2022 | 2021 |
|---|---|---|---|---|---|---|
| This is stated after charging: | ||||||
| Operating lease rentals |
F2,689 | 63,040 | ||||
| Depreciation | R4,4'I9 | F4,956 | ||||
| Auditors' remuneration |
—audit | services | 54, 350 | 53,900 | ||
| —non-audit | services | F600 | ||||
| 11. | STAFF COSTS | 2022 | 2021 | |||
| F | ||||||
| Wages and salaries | 162,052 | 203,265 | ||||
| Social security costs | 13,388 | 18,354 | ||||
| Pension costs | 11,951 | 13,807 | ||||
| Health insurance |
4,704 | 4,853 | ||||
| F192,095 | 5240,279 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| mployees | analysed | by activity is as follows |
: | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| No. | No. | ||||
| Membership | scheme | and member services | 1.7 | 1.5 | |
| Education | and technical | 0.6 | 0.6 | ||
| Projects | 0.2 | 1.1 | |||
| Dinner, conferences | and other networking | events | 1.0 | 0.9 | |
| Support | 0.9 | 0.9 | |||
| 4.4 | 5.0 |
| 12. | TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | Freehold | Office | |
|---|---|---|---|---|---|---|
| Property F |
Equipment f |
Total | ||||
| Cost | ||||||
| At 1 April 2021 | 123,086 | 14,428 | 137,514 | |||
| Disposals | ||||||
| A't 31 March 2022 | 123,086 | 14,428 | 137,514 | |||
| Depreciation | ||||||
| At 1 April 2021 | 56,128 | 11,409 | 67,537 | |||
| Charge for the | year | 2,462 | 1,957 | 4,419 | ||
| Disposals | ||||||
| At 31 March 2022 | 58,590 | 13,366 | 71,956 | |||
| Net Book Value | ||||||
| At 31 March 2022 | F64,496 | 61,062 | F65,558 | |||
| At 31 March 2021 | 666,958 | 63,019 | F69,977 | |||
| 13. | FIXED ASSET | INVESTMENTS | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | ||||
| Listed UK Investments | F | |||||
| Market value 1 |
April 2021 | 148,417 | 310,992 | 459,409 | ||
| Net unrealised | investment | gains/(losses) | 17,693 | 33,597 | 51,290 | |
| Market value 31 March 2022 | 166,110 | 344,589 | 510,699 | |||
| Historical cost | es at 31 March 2022 | F91,835 | 6211,533 | 6303,368 | ||
| Historical cost | as at 31 March 2021 | 691,835 | F211,533 | F303,368 | ||
| 14. | DEBTORS | 2022 | 2021 | |||
| E | F | |||||
| Trade debtors | 9,626 | 5,827 | ||||
| Prepayments and accrued |
income | 8,739 | 37,269 | |||
| Other debtors | 8,499 | 9,250 | ||||
| F26,864 | F52,346 |
| CREDITORS | CREDITORS | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| F | ||||||||
| Amounts | felling | due within | one year: | |||||
| Trade creditors | 183 | 71 | ||||||
| Other creditors | 62,871 | 96,268 | ||||||
| Accruals | 7,580 | 12,287 | ||||||
| Deferred | income (see below) | 26,189 | 35,747 | |||||
| Social security | and other | taxes | 4,404 | 5,836 | ||||
| F101,227 | E150,209 | |||||||
| The movement | in deferred | income is shown | below: | |||||
| Balance | Received | Released | Balance | |||||
| 1 April | in year | in year | 31 March | |||||
| 2021 | 2022 | |||||||
| Deferred | Income | 35,747 | 26,189 | (35,747) | 26,189 |
| which the event takes plac | which the event takes plac | which the event takes plac | e in 2022/23 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 16. | RESTRICTED FUfsDS | Balance | Investment | Transfers | Balance | ||||
| 1 April | Income | Expenditure | gains/ | between | 31 March | ||||
| 2021 | (losses) | funds | 2022 | ||||||
| E | E | E | |||||||
| President's | Fund | 283,318 | 12,617 | 26,817 | 322,752 | ||||
| Mike Tinsiey | Fund | 41,813 | 1,086 | 2,328 | 45,227 | ||||
| Refrigeration | Aberdeen | ||||||||
| Fund | 44,811 | 1,318 | 2,738 | 48,867 | |||||
| Ted Perry Award | 23,646 | 776 | 1,7'l4 | 26,136 | |||||
| CryoHub Proiect | 2,732 | (2,732) | |||||||
| Real Alternative | 4 Life | ||||||||
| E393,588 | E18,529 | E33,597 | E(2,732) | E442,982 |
| Comparative |
informa | tion | for the | previous a |
ccounting year is |
as follows: | ||
|---|---|---|---|---|---|---|---|---|
| Balance | Transfers | Balance | ||||||
| 1 April | Income | Expenditure | between | 31 March | ||||
| 2020 | (incl. losses) | funds | 2021 | |||||
| 5 | ||||||||
| General Fund |
400,072 | 277,940 | 278,135 | (46,115) | 353,762 | |||
| Designated Fund: |
||||||||
| - REAL Alternatives | ||||||||
| Censor((urn | 11,067 | 11,067 | ||||||
| F400,072 | 6277,940 | 6278,135 | E(35,048) | F364,829 | ||||
| ANALYSIS OF NET ASSETS | BETWEEN | FUNDS | ||||||
| Tangible | Net | |||||||
| fixed | current | Total | ||||||
| assets | Investments | assets | 2022 | |||||
| L | ||||||||
| Restricted Funds |
||||||||
| President's Fund |
268,360 | 54,392 | 322,752 | |||||
| Mike Tinsley | Fund | 26,175 | 19,052 | 45,227 | ||||
| Refrigeration | Aberdeen | Fund | 30,780 | 18,087 | 48,867 | |||
| Ted Perry Award | 19,274 | 6,862 | 26,136 | |||||
| Cryo Hub Project |
||||||||
| Real Alternative 4 Life |
||||||||
| 344,589 | 98,393 | 442,982 | ||||||
| Unrestricted | Funds | |||||||
| General Fund |
65,558 | 166,110 | 124,020 | 355,688 | ||||
| REAL Alternatives | Consortium | 2,922 | 2,922 | |||||
| 65,558 | 166,110 | 126,942 | 358,610 | |||||
| Total Funds | at 31 | March 2022 | 665,558 | F510,699 | 0225,335 | 5801,592 |
| Tangible | Net | |||||||
|---|---|---|---|---|---|---|---|---|
| fixed | current | Tots I |
||||||
| assets | Investments | assets | 2020 | |||||
| f | ||||||||
| Restricted Funds | ||||||||
| President's Fund |
241,543 | 41,775 | 283,3'I8 | |||||
| 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 | 569,977 | 6459,409 | 5229,031 | 6758,417 |
| The total future minimum lease payments under |
non-cancellable operating leases are |
as follows |
|---|---|---|
| 2022 | 2021 | |
| 6 | 5 | |
| Due within: | ||
| One year | 1,044 | 1,013 |
| One to fwe years | ||
| 61,044 | 61,013 |