## ## ## |||||| |---|---|---|---|---| |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| ## ##