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|||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|
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||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|
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|||||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|
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||||||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|
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||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|
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||||||||/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|
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|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|
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|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|
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|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|
##
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|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|
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|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|
##
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||||||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|
##
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|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|
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