**Charity Registration No. 1171659**
**THE BRITISH SOCIETY FOR PARASITOLOGY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Professor C Sutherland (President)||
|---|---|---|
||Professor J V Hamilton (Vice|(Appointed 25 March 2022)|
||President)||
||Professor K Tyler (Honorary General||
||Secretary)||
||Dr J Pachebat (Honorary Treasurer)||
||Dr J LaCourse (Honorary Meeting||
||Secretary)||
||Dr P Walrad (Ordinary Member)||
||Dr R Hirt (Ordinary Member)||
||Professor D Robinson (Ordinary||
||Member)||
||Dr J Prada (Ordinary Member)||
||Dr B J Power|(Appointed 25 March 2022)|
||Dr P McCusker|(Appointed 25 March 2022)|
||Dr D Xla|(Appointed 25 March 2022)|
||Dr C Tiengwe|(Appointed 25 March 2022)|
||Dr J Q Acala (Ordinary Member)||
|**Charity number**|1171659||
|**Principal address**|87 Gladstone Street||
||Bedfordshire||
||MK41 7RS||
|**Independent examiner**|Matthew Cleghorn FCA BSc (Hons),|Anova|
||The Barn, Meadow Court||
||Faygate Lane||
||Faygate||
||Horsham||
||West Sussex||
||RH12 4SJ||
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 14|
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The trustees present their report and financial statements for the Charitable Incorporated Organisation (CIO) for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Society's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).
## **Objectives and activities**
The Society’s objectives are to advance the practice and study of Parasitology by facilitating contact between persons interested in the discipline, and to disseminate knowledge and information relating to Parasitology and the work of the Society. In furtherance of these objectives, and only these, we undertake the activities that are outlined in Note 4 of the Memorandum of Association.
## **Public benefit entity**
The charity operates as a public benefit entity and the trustees have paid due regard to guidance issued by the Charity Commission, including guidance on the Public Benefit requirement under the Charities Act 2011, in deciding what activities the Society should undertake.
## **Reference and administrative details**
The Society was incorporated as a charitable company in 1998 (Company Number 3530933). On the 22 March 2017, this charity was closed and the assets of the Society transferred to a new Charitable Incorporated Organisation (1171659). The Society is administered by the Secretariat, Fuller Solutions, of 87 Gladstone Street, Bedford MK41 7RS.
## **Achievements and performance**
## **Parasites Online**
The meeting took place online 21 June to 25 June 2021. Orals presentations were prerecorded and broadcast whilst the Q&A sessions were live. The origin of attendees were 37% from the UK 10% from the EU, 4% from the USA and 48% from the rest of the world. The online nature of the meeting increased attendance from LMICs significantly.
The income from the 2021 online meeting was £29,566: expenditure was £5,652. The surplus from the meeting was £23,914. (There was no equivalent meeting held in 2020 due to the pandemic.)
## _**2021 Annual General Meeting**_
The 2021 AGM took place at the annual meeting ad was held online on 25 June 2021 where the annual accounts and officer reports were accepted by the membership.
## **Membership of the Society**
As of December 2021, the Society currently has 1,300 members listed, of which 45 are active ‘Honorary Members’. Of note, and highlighting our strategic aim in engaging a diverse membership reflecting global interests in parasitology, is that the Society includes 500 members from Low and Middle Income (LMIC) countries. Of these LMIC memberships, 45% are ‘Student Members’, highlighting again a Society strategic aim in engagement of the next generation of parasitologists. Membership is spread geographically over 72 different countries, with the majority, as expected for a British Society, currently resident in the UK.
The current annual fee for ‘Ordinary’ membership is £60, whilst the annual ‘Student, Unwaged, and Retired’ membership fee is £20.
Total income from membership subscriptions was £22,512.
- 1 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **BSP awards**
Council was delighted to record the following awards:
- The CA Wright Memorial Medal for 2020 to Prof. Matt Higgins, acknowledging amongst other achievements his outstanding work investigating the Apicomplexan and Kinetoplastid biology and disease.
## **Equality and diversity**
The council stipulated that all bids for BSP-endorsed meetings should henceforth contain not only provision for childcare but be available online to facilitate diversity of attendance. An Equality and Diversity session has been introduced, ran successfully at the online meeting and has now been institutionalised for future annual meetings.
## **Academic liaison**
The Society continues to be a member organization of the Royal Society of Biology (RSB) and enjoys the member benefits of doing so. Association with our Brazilian sister society Sociedade Brasileira de Protozoologia (SBPz) was strengthened by liaison between Early Career Researchers of each society.
## **Financial review**
## **Income**
BSP income consists of membership subscriptions, meeting(s) income, and income in the form of dividends and interest from the investment portfolio.
## **Donations and legacies (membership subscriptions)**
In 2021 the BSP received £22,512 in membership subscriptions (2020: £25,252). The drop in membership subscriptions reflects the Council’s decision to no longer charge LMIC members a subscription fee and the impact of Covid 19 on retention.
## **Charitable activity (meeting income)**
Meeting income is counted as a charitable activity. Meeting income includes registration fees and sponsorship. In 2021 the BSP held one meeting, Parasites Online. The 2021 meeting income was £29,566 (2020: £51,044)
## **Investment income**
In 2021 the BSP received £ 6,567 income from the investment portfolio in the form of interest and dividends (2021: £6,876).
## **Income summary**
In 2021, the society’s total income was £63,645 (2020: £98,172).
## **Expenditure**
Expenditure includes the cost of running scientific meetings and secretariat costs, support costs, grants (student travel awards and the International Training and Fieldwork Award (ITFA) and awards.
## **Meetings expenditure**
In 2021 meeting costs were £ 5,652 (2020: £50,865), the lower costs for 2021 being due to the meeting being held online.
## **Support costs**
Support costs include day-to-day office costs, banking and information technology charges, insurance and audits. For 2021, support costs were £44,726 (2020: £46,958), with 100% of Secretariat costs charged to the support costs.
- 2 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Grants**
The grants awarded in 2021 consisted of £0 for the student travel award (2020: £200), and £0 for the on International Training and Fieldwork Awards (2020: £0). This reflects the impact Covid-19 restrictions have had on in-person meetings and in international travel. It is hoped that in 2022 both the student travel awards and IFTA’s will be fully utilised by members.
## **Expenditure Summary**
In 2021, the society’s total expenditure was £50,378 (2020: £98,023).
## **Investments**
At the end of 2021, the value of the society’s investments with Brewin Dolphin was £645,523 (2020: £575,696). In 2021, the society’s tangible assets came to £0 as they are now fully depreciated 0 (2020: £17), whilst net current assets consisted of £79,499 (2020: £67,423). Therefore, the society’s total assets, less liabilities, held on the 31 December 2021 were £725,022 (2020: £643,136), an increase of £81,886 over the year.
## **Overall financial summary**
In 2021, the society’s total income was £63,645 (2020: £98,172), and total expenditure was £50, 378 (2020: £98,023), therefore 2021 showed an overall operating surplus of £13,267 (2020: surplus of £149).
The Society’s investments at Brewin Dolphin have, at the end of 2021, shown an increase in value from £575,696 in 2020 to £645,523. Thus, including money in the bank, the Society’s funds on deposit have increased to a total of £731,716 (2020: £642,002).
This year’s finances should be treated as yet another exceptional year as the Covid-19 pandemic is still affecting the society’s ability to run in-person meetings, although the innovative Parasites On-line meeting proved very successful. Despite the effects of Covid-19 on the world economy, the society is still in a better financial position than in 2020 due to the increase in value of the investments managed by Brewin Dolphin. It will be interesting to see how the world economy and the society’s investments respond to inflationary pressures as demand increases post-covid.
## **Reserves policy**
It is the policy of the Society that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Society’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The Memorandum and Articles of Association of the Society govern the charitable incorporated company. Management of the Society’s affairs is vested in its Council, members of which are trustees of the charity. Members of Council are recruited from the membership of the Society by nomination by their peers. Where there are several candidates for vacancies, a ballot is held. Honorary Officers are elected by Council from those persons already duly elected as trustees in accordance with the Articles.
The appointment of trustees and election of Honorary Officers is subject to the approval of members at the next following AGM. Council members normally serve for three years from election/appointment, except the President and Vice President, who serve for two years. The post of President is filled by the retiring Vice President without any requirement for approval by the members in general meeting.
The processes are detailed in the Memorandum and Articles of Association, copies of which are available on the Society website (http://www.bsp.uk.net).
The Council of the Society meets regularly during the year including for the Annual General Meeting at which business requiring the approval of the Society membership is presented and the audited accounts for the year are formally approved.
The trustees who served during the year and up to the date of signature of the financial statements were:
Professor M Basanez (Former President) (Resigned 30 July 2021) Professor C Sutherland (President)
- 3 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
Professor J V Hamilton (Vice President) (Appointed 25 March 2022) Professor K Tyler (Honorary General Secretary) Dr J Pachebat (Honorary Treasurer) Dr J LaCourse (Honorary Meeting Secretary) Dr P Walrad (Ordinary Member) Dr R Hirt (Ordinary Member) Professor D Robinson (Ordinary Member) Dr J Prada (Ordinary Member) Dr B J Power (Appointed 25 March 2022) Dr P McCusker (Appointed 25 March 2022) Dr D Xla (Appointed 25 March 2022) Dr C Tiengwe (Appointed 25 March 2022) Dr J Q Acala (Ordinary Member) Dr P McVeigh (Resigned 30 July 2021) Dr H Price (Ordinary Member) (Resigned 30 July 2021)
Professor Joanne Cable: British Ecological Society ( _co-opted_ ) Professors Russ Stophard/John Ellis: Cambridge University Press Representatives ( _co-opted_ )
Dr Juan Quintana Alcala Representative ( _April 2020_ )
Ms Yasmine Kumordzi, Student Representative ( _April 2020_ )
In April 2021 Ordinary Member and Student Representative were elected to join Council.
The BSP would like to note that formal thanks were offered to Maria-Gloria Basáñez, Paul McVeigh and Helen Price for service to council. It should be noted that many council members have served an additional year in office due to the extraordinary situation caused by the pandemic.
Over the year there were four meetings of Council convened with all meetings held as a teleconferences.
No trustees received any remuneration for their services during this period in accordance with note 5 of the Memorandum of Association.
The trustees' report was approved by the Board of Trustees.
**Professor K Tyler (Honorary General Secretary)** Trustee Dated: 28 October 2022
**Dr J Pachebat (Honorary Treasurer)** Trustee Dated:28 October 2022
- 4 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE BRITISH SOCIETY FOR PARASITOLOGY**
I report to the trustees on my examination of the financial statements of The British Society for Parasitology (the Society) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the Society you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Society’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Society as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Matthew Cleghorn FCA BSc (Hons), Anova
The Barn, Meadow Court Faygate Lane Faygate Horsham West Sussex RH12 4SJ
Dated: 31 October 2022
- 5 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2021**|2020|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|27,512|40,252|
|Charitable activities|**4**|29,566|51,044|
|Investments|**5**|6,567|6,876|
|**Total income**||63,645|98,172|
|**Expenditure on:**||||
|Charitable activities|**6**|50,378|98,023|
|Net gains/(losses) on investments|**11**|68,619|53,758|
|**Net movement in funds**||81,886|53,907|
|Fund balances at 1 January 2021||643,136|589,229|
|**Fund balances at 31 December 2021**||725,022|643,136|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 6 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**2021**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
**12**
-
Investments
**13**
645,523
645,523
**Current assets**
Debtors
**14**
2,226
Cash at bank and in hand
86,193
88,419
**Creditors: amounts falling due within**
**one year**
**15**
(8,920)
Net current assets
79,499
**Total assets less current liabilities**
725,022
**Income funds**
Unrestricted funds
725,022
725,022
The financial statements were approved by the Trustees on 28 October 2022
Professor K Tyler (Honorary General Secretary)
Dr J Pachebat (Honorary Treasurer)
**Trustee**
**Trustee**|**2020**
**£**
17,830
66,306
84,136
(16,713)|**£**
17
575,696|
|---|---|---|
|||575,713
67,423|
|||643,136|
|||643,136|
|||643,136|
||||
- 7 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
The British Society for Parasitology is a Charitable Incorporated Organisation and the principal address is 87 Gladstone Street, Bedfordshire, MK41 7RS.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Society's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Society is a Public Benefit Entity as defined by FRS 102.
The Society has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Society. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the Society has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **1.4 Incoming resources**
Income is recognised when the Society is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are recognised once the Society has been notified of the donation, unless performance conditions require deferral of the amount.
## **1.5 Resources expended**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that an economic outflow will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
- 8 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the Society reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The Society has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Society's balance sheet when the Society becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 9 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
## **2 Critical accounting estimates and judgements**
In the application of the Society’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Membership subscriptions|22,512|25,252|
|Royalties and sponsorship|5,000|15,000|
||27,512|40,252|
## **4 Charitable activities**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Income from meeting activities|29,566|51,044|
- 10 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **5 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Investment portfolio dividend income|6,567|6,864|
|Investment portfolio interest income|-|12|
||6,567|6,876|
## **6 Charitable activities**
|Meeting costs
Grant funding of activities (see note 7)
Share of support costs (see note 8)|**2021**
**£**
5,652
-
44,726
50,378|**2020**
**£**
50,865
200
46,958|
|---|---|---|
|||98,023|
## **7 Grants payable**
During the year total grants paid as part of the charitable activities of the Society amounted to £nil (2020: £200).
- 11 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Depreciation
17
-
Bank and credit card
charges
1,552
-
Insurance
877
-
Computer software
expenses
3,303
-
Other support costs
48
-
Postage and stationery
-
-
Affiliations
770
-
Legal and professional
fees
5,728
-
Independent examiner's
remuneration
1,938
-
Trustees' expenses
493
-
Secretariat fees
30,000
-
44,726
-
Analysed between
Charitable activities
44,726
-|**2021**Support costs Governance
costs
**£**
£
£
17
846
-
1,552
2,411
-
877
937
-
3,303
4,501
-
48
-
-
-
26
-
770
770
-
5,728
5,175
-
1,938
2,292
-
493
-
-
30,000
30,000
-
44,726
46,958
-
44,726
46,958
-|2020
£
846
2,411
937
4,501
-
26
770
5,175
2,292
-
30,000|
|---|---|---|
|||46,958|
|||46,958|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Society during the year.
During the year none of the trustees claimed expenses for travel and subsistence totalling £493 (2020: £nil).
## **10 Employees**
There were no employees during the year.
## **11 Net gains/(losses) on investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Revaluation of investments|62,359|54,714|
|Gain/(loss) on sale of investments|6,260|(956)|
||68,619|53,758|
- 12 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**12**
**Tangible fixed assets**
**Cost**
At 1 January 2021
At 31 December 2021
**Depreciation and impairment**
At 1 January 2021
Depreciation charged in the year
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020
**13**
**Fixed asset investments**
**Cost or valuation**
At 1 January 2021
Additions
Valuation changes
Equalisations and adjustments
Disposals
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020
Investments at fair value comprise:
UK equities and other investments
Overseas equities and other investments
UK fixed interest securities|**Computer equipment**
**£**
6,035
6,035
6,018
17
6,035
-
17
**Listed**
**investments**
**£**
575,696
33,839
62,359
(3,084)
(23,287)
645,523
645,523
575,696
**2021**
**2020**
**£**
**£**
150,453
137,983
364,741
303,666
130,329
134,047
645,523
575,696|
|---|---|
- 13 -
## **THE BRITISH SOCIETY FOR PARASITOLOGY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**14**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**15**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
2,226
**2021**
**£**
2,514
2,639
3,767
8,920|**2020**
**£**
17,830|
|---|---|---|
|||**2020**
**£**
2,394
10,612
3,707|
|||16,713|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2020 - none).
- 14 -