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2022-12-31-accounts
Trustees Professor C Sutherland
(President)
Professor J V Hamilton
(Vice		 (Appointed 25 March 2022)
President/President
Elect)
Professor KTyler (Honorary
General
Secretary)
DrJ Pachebat
(Honorary
Treasurer)
Dr P Lamberton
(Honorary
Treasurer)		 (Appointed 25 March 2022)
DrJ LaCourse (Honorary
Meeting
Secretary)
Dr P Walrad (Honorary
Communications
Secretary)
Professor D Robinson
(Ordinary
Member)
DrJ Prada (Ordinary
Member)
DrJ QAcala (Ordinary
Member)
Dr E Briggs (Ordinary
Member)		 (Appointed 25 March 2022)
Dr D Xia (Ordinary
Member)		 (Appointed 25 March 2022)
Dr P McCusker
(Ordinary
Member)		 (Appointed 25 March 2022)
Dr C Tiengwe
(Ordinary
Member)		 (Appointed 25 March 2022)
DrJ BPower (Ordinary
Member)		 (Appointed 25 March 2022)
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
RH124SJ

Page
Trustees'
report		 1-7
Independent
examiner's		 report
Statement
offinancial		 activities
Balance sheet 10
Notes to the financial statements

Unrestricted Unrestricted
funds funds
2022 2021
Notes
Income from:
Donations
and		 legacies 28,107 27,512
Charitable
activities		 74,735 29,566
Investments 8,251 6,567
Total income 111,093 63,645
Ex enditure on:
Charitable
activities		 131,651 50,378
Net gains/(losses) on investments (114,416) 68,619
Net movement in funds (134,974) 81,886
Fund balances at 1 January 2022 725,022 643,136
Fund balances at 31 December 2022 590,048 725,022

2022 2021
Notes
Fixed assets
Intangible assets
Investments		 12
14		 9,000
522,413		 645,523
531,413 645,523
Current assets
Debtors
Cash at bank and		 in hand 15 2,864
59,698		 2,226
86,193
Creditors: amounts falling due within 62,562 88,419
one year 16 (3,927) (8,920)
Net current assets 58,635 79,499
Total assets less current liabilities 590,048 725,022
Income funds
Unrestricted
funds		 590,048 725,022
590,048 725,022
The financial statements were approved -T.
by the Trustees on .....~...........".......		 3

Accounting
policies
(Continued)
1.6 Intangible
fixed assets other than goodwill
Intangible
assets acquired
separately
from a business are recognised
at cost and are subsequently
measured
at cost less accumulated
amortisation
and accumulated
impairment
losses.
Intangible
assets
acquired
on
business
combinations
are
recognised
separately
from
goodwill
at the
acquisition
date where
it is probable
that the expected
future
economic
benefits
that are attributable
to the
asset will flow to the entity and the fair value ofthe asset can be measured
reliably; the intangible
asset arises
from contractual
or other legal rights; and the intangible
asset is separable
from the entity.
Amortisation
is recognised
so as to write offthe cost or valuation
ofassets less their residual
values over their
useful lives on the following bases:
Website development
25%on cost
1.7 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 offthe cost or valuation
ofassets 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 ofthe asset, and is recognised
in net income/(expenditure)
for the year.
1.8 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.
1.9 Impairment
offixed 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 (ifany).
1.10 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
ofthree months
or less, and bank overdrafts.
Bank overdrafts
are shown
within
borrowings
in current
liabilities.
Financial instruments
The Society has elected to apply the provisions
of Section 11 'Basic Financial
Instruments'
and Section 12
'Other Financial
Instruments
Issues' ofFRS 102to all of its financial
instruments.
Financial
instruments
are recognised
in the Society's balance sheet when
the Society becomes
party to the
contractual
provisions
ofthe 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.

Unrestricted Unrestricted
funds funds
2022 2021
Membership subscriptions 23,957 22,512
Royalties and sponsorship 4,150 5,000
28,107 27,512
4 Charitable activities
2022 2021
R
Income from meeting activities 74,735 29,566

Unrestricted Unrestricted
funds funds
2022 2021
E
Investment portfolio dividend income 8,251 6,567
6 Charitable activities
2022f 2021
Meeting costs 85,230 19,152
Grant funding ofactivities (see note 7) 9,608
Share ofsupport costs (see note 8) 36,813 31,226
131,651 50,378

Support costs
Support Governance 2022 Support costs Governance 2021
costs
f		 costs
f		 f costs
f
Depreciation 600 600 17 17
Bank and credit card
charges 2,250 2,250 1,552 1,552
Insurance 979 979 877 877
Computer software
expenses 5,942 5,942 3,303 3,303
Other support costs 59 59 48 48
Affiliations 855 855 770 770
Legal and professional
fees 5,660 5,660 5,728 5,728
Independent
examiner's
remuneration
Trustees' expenses		 3,210
2,258		 3,210
2,258		 1,938
493		 1,938
493
Secretariat fees 15,000 15,000 16,500 16,500
36,813 36,813 31,226 31,226
Analysed between
Charitable activities 36,813 36,813 31,226 31,226

Unrestricted Unrestricted
funds funds
2022f 2021
Revaluation of investments (125,297) 62,359
Gain/(loss) on sale ofinvestments 10,881 6,260
(114,416) 68,619

12 Intangible
fixed asse		 ts
Website Total
development
Cost
At 1 January 2022 300 300
Additions
- separately		 acquired 9,600 9,600
Disposals (300) (300)
At 31 December 2022 9,600 9,600
Amortisation
and impairment
At 1 January 2022 300 300
Amortisation
charged		 for the year 600 600
Disposals (300) (300)
At 31 December 2022 600 600
Carrying
amount
At 31 December 2022 9,000 9,000
At 31 December 2021
13 Tangible fixed assets
Computer equipmentf
Cost
At 1 January 2022 6,035
Disposals (6,035)
At 31 December 2022
Depreciation
and impairment
At 1 January 2022 6,035
Eliminated
in respect ofdisposals		 (6,035)
At 31 December 2022
Carrying
amount
At 31 December 2022
At 31 December 2021

Listed
investments
E
Cost or valuation
At 1 January 2022 645,523
Additions 40,345
Valuation
changes		 (110,147)
Equalisations
and adjustments		 (15,149)
Disposals (38,159)
At 31 December 2022 522,413
Carrying
amount
At 31 December 2022 522,413
At 31 December 2021 645,523
2022 2021
Investments
at fair value comprise:
UK equities and other investments 121,673 150,453
Overseas
equities and		 other investments 284,638 364,741
UK fixed interest securities 116,102 130,329
522,413 645,523
15 Debtors
Amounts
falling due		 within one year: 2022 2021f
Prepayments
and accrued income		 2,864 2,226
16 Creditors: amounts falling due within one year
2022f 2021
Trade creditors 2,514
Other creditors 2,639
Accruals and deferred income 3,927 3,767
3,927 8,920