| BOARDOFTRUSTEES | |
|---|---|
| Chair: | MrStuart Hay |
| Vice.chair: | MsAnna Rennie |
| Finance sub-committee | |
| chair: | Mr Gordon Briars (until 25 March 2022) |
| MrAmarPanchal(from14MaV2022) | |
| Trustees: | MrJustin Bishop(from25 March 2022) |
| Ms Cepta Burke | |
| MrsAlison Crawshaw RGN, BSc, ENB216(until 25 March2022) | |
| Mr David Drakeley | |
| Ms Nicola Gee(until25 Match2022) | |
| Mrs Carol Katt6 RGN, DipN(Lond),NDNCert, ENB216 (from 25 March2O22) | |
| Mrs Jacqui Sibbald | |
| Ms Brigitte Siefken(from25 March 2022) | |
| MrJohn Smail | |
| MrNeil Smart MBBS(Hons), MD,PhD, FRCSEd, MFMLM(ftom'14May2022) | |
| MrMichael Thompson MD,FRCS (until14May2022) | |
| MsTracey Usher |
| ve | arende | d30Septem | b | er2022 |
||
|---|---|---|---|---|---|---|
| Note | Unrcstricted Funds € |
Restricted Funds € |
Totalfunds 3U9/2022 f |
Totalfunds 30r9r202t e (Note2) |
||
| lncomefrom: | ||||||
| Donations and legacies | 3 | 133,090 | 9,251 | 142,U',|213,531 | ||
| Charitable activities | 4 | 108,516 | 108,516 | 109,274 | ||
| lnvestments | 5 | 129,985 | 9,540 | 139,525 | 145,286 | |
| Total income | 371,591 | 18,791 | 390,382 | 468,095 | ||
| Expenditureon: | ||||||
| Raising funds | o | 26,783 | 1,906 | 28,689 | 31,012 | |
| Charitable activities | 7 | 476,668 | 38,736 | 515,404 | 457,929 | |
| Totalerpendihrre | 503,r151 | I | a,erz |
544,093 | €8,941 | |
| Netincome/(expenditure) before gainsandlosses on investnents Net gains (losses) on investments |
I | (r31,860) (516,938) |
(2{,851) (37,997) |
53 (1 ,7111 (554,935) |
(20,846) 807,296 |
|
| Netincomer(expenditure) | (648,798) | (5s,8.r8) | (708,6.16) | 786,450 | ||
| Transfurs between funds | 20 | (58) | 58 | |||
| Netmovement infunds | (648,856) | (59,790) | (708,646) | 786,450 | ||
| Reconciliation of ftrnds: | ||||||
| Total funds brought forward Totalfunds carried forward |
I | 5,479,218 4,830,362 |
6/16,674 586,884 |
6,125,892 5,417,246 |
5,339,442 6,125,892 |
| BalanceSheet as at | BalanceSheet as at | BalanceSheet as at | 30September2022 | 30September2022 | ||
|---|---|---|---|---|---|---|
| Notes | Total 30t9t2022 |
Total 30t9t2021 |
||||
| € | € | € | € | |||
| FixedAssets | ||||||
| lnvestments | 14 | 5,346,790 | 6,025,689 | |||
| TotalFixedAssets | 5,346,790 | 6,025,689 | ||||
| CurrentAssets | ||||||
| Debtors | 16 | 139,388 | 105,240 | |||
| Cash on deposit and in hand | 88,699 | 161,902 | ||||
| Total CurrentAssets | 228,O87 | 267,142 | ||||
| Liabilities | ||||||
| Creditors falling due within oneyear | ] |
18 | 157,631 | 166,939 | ||
| NetCurrent Assets | 70,456 | 100,203 | ||||
| Total assets lesscurrent liabilities |
5,417,246 | 6,125,892 | ||||
| NetAssets | s,417,246 | 6,125,892 | ||||
| The Fundsofthe Charity | ||||||
| General unrestricted incomefunds | 20&21 | 4,753,154 | 4,673,030 | |||
| Revaluation reserve | 77,208 | 806,188 | ||||
| Total unrest?icted incomefunds | 4,830,362 | 5,479,218 | ||||
| General restricted incomefunds | 20&21 | 596,200 | 567,387 | |||
| Revaluation reserve | (9,316) | 79,287 | ||||
| Total restricted incomefunds | 586,884 | 646,674 | ||||
| Total Charity Funds | 5,417,246 | 6,125,892 |
| Total | Total | ||
|---|---|---|---|
| Notes | Funds | Funds | |
| maz | 2021 | ||
| c | c | ||
| Netcashused inoperating activi$es | 23 | (336,692) | 1223,O2sl |
| Cashflowsfrominvestingactivities | |||
| lnterest and dividend income | 139,525 | 145,286 | |
| Proceeds from sale of investments | 1,118,785 | 1,999,623 | |
| Purchase of investments | (994,821) | (1,922,477) | |
| Netcash providedbyr(u3ed in)inv$tingactivities | 263,489 | 222,432 | |
| Change in cash and cash6quival6ntsin theyear | (73,m3) | (5e3) | |
| Cash and cash equivalents brought forward | 161,902 | 162,495 | |
| Cash and cashequivalents carried forward | 88,6S9 | 161,q,2 | |
| Relatingto: | |||
| Cash on depositandinhand | 88,699 | 161,902 |
| Note | Unr€atricted Funds |
Re6trlcted Funds |
Totalfunds 30t9t2021 |
||
|---|---|---|---|---|---|
| € | e | € | |||
| lncomefrom: | |||||
| Donations and legacies | 3 | 122,283 | 91,248 | 213,531 | |
| Charitable activities | 4 | 109,278 | 109,278 | ||
| lnvestments Total income |
5 t-- |
135,303 366,864 |
9,983 10't,231 |
I | 145,286 ma,oss |
| Expenditure on: | |||||
| Raisingfunds | 6 | 28,934 | 2,078 | 31,012 | |
| Charitable activities | 7 | 417,756 | 40,173 | 457,929 | |
| Total expenditure | rt46,690 | 42,251 | 488,941 | ||
| Netincomcr(expenditure) before | |||||
| gainsandloases on | (79,826) | 58,980 | (20,846) | ||
| investments Net gains (losses) on investments |
F | 751,265 | 56,031 | 807,296 | |
| Netincomer(expenditure) | 67l,rB9 | 115,011 | 786,450 | ||
| Transfers between funds | 20 | (1,076) | 1,076 | ||
| Netmovementinfunds | 670,363 | 116,087 | 786,450 | ||
| Reconciliationoffunds: | |||||
| Total funds brought forward Totalfunds carriedfonrard |
r | 4,808,855 5,479,218 |
530,587 646,674 |
5.339.442 6,r25,892 |
| Funds | ||||||
|---|---|---|---|---|---|---|
| transferred in | ||||||
| fromBranch | If,ember | |||||
| membet | organisauon | Other | Total | Total | ||
| organisatons | donations € |
donations € |
Legacies € |
2022 € |
2021 s |
|
| GeneralFund | 18,M1 | 96,774 | 115,215 | 34,616 | ||
| ElizabethClayMemorial Fund(noitrclosed) |
67,374 | |||||
| Branch Designated funds | 16,875 | 1,000 | 17,875 | 20,293 | ||
| Total unrestricted funds | 35,316 | 97,774 | 133,090 | 122,283 | ||
| ResearchFund | 3,500 | 2,O02 | 5,502 | 26,069 | ||
| Robert Wainwright Fund | 60,000 | |||||
| Branch Restricted funds | 3,749 | 3,749 | 5,',179 | |||
| Total restricted fundg | 3,749 | 3,500 | 2,002 | 9,251 | y,244 | |
| Iotal2022 | 3,749 | 3,500 | 37,318 | 97,774 | 142,341 | |
| Totat2021 | 5,179 | 500 | 30,815 | 177,O37 | 213,531 |
| Unrcstricted funds f, |
Re3tricted funds t |
T&12022 C |
Toial2021 f |
|
|---|---|---|---|---|
| lAJoumal | 50,u7 | 50,u7 | 44,920 | |
| Annual (National Council) meeting | 700 | 700 | ||
| Member organisation annual subscriptions | 29,257 | 29,257 | 30,951 | |
| Member subscriptions | 27,912 | 27,912 | 33,407 | |
| Pouch lnformationDay | ||||
| lroo, | 108,516 | 108,516 | 109,278 | |
| Total202'l | 109,278 | 109,278 |
| nrestricted(2021:€135,303) and e ources: |
9,540wasrestricted (20 | 21: €9,983). |
|---|---|---|
| 2022 | 2021 | |
| f | € | |
| UKlisted investments | 139,525 | 145,286 |
| Bank interest | ||
| Total | 139,525 | 145,286 |
| 2022 I |
2021 € |
|
|---|---|---|
| lnvestment management costs | 28,059 | 30,434 |
| Online fundraising costs | 630 | 578 |
| Total | 28,689 | 31,012 |
| Note | 2022 € |
2021 € |
||
|---|---|---|---|---|
| lA Journal (including distribution costs) | 53,039 | 53,535 | ||
| Grants and donations | I | 21,149 | 20,851 | |
| Annual (National Council) meeting(apportioned) | 7,359 | 1,'l85 | ||
| Young lA activities | 318 | |||
| lnternal Pouch Group activities | 4,060 | |||
| Visitor training | 5,738 | 1,110 | ||
| Publicity &promotion | 82,724 | 71,768 | ||
| lnformation sheets & booklets | 2,616 | 241 | ||
| Nationaloffice(apportioned) | 145,892 | 144,783 | ||
| Charitable ac{ivities | 5 | 91 | ||
| Branch member organisation activities | 31,303 | 27,835 | ||
| Support costs | I | 11,251 | 8,273 | |
| Govemance costs | 10 | '150,268 | 127,939 | |
| Total | 515,404 | 457,929 |
| 2022 f, |
2021t | |
|---|---|---|
| Grantstoindividuals | 13,024 | 8,850 |
| Grants to institutions and organisations | 10,300 | |
| GrantstolA member organisations | 3,556 | 1,308 |
| Other donations | 4,569 | 393 |
| Total | 21,119 | 20,851 |
| 2022 | 2021 | |
|---|---|---|
| € | f | |
| lA Journal | 3,21'l | 3,105 |
| Annual (National Council) meeting (apportioned) |
1,452 | |
| Publicity & promotion | 1,425 | |
| YounglA | 120 | 120 |
| lnternal Pouch | 120 | 120 |
| Charitableaclivities | 4,923 | 4,928 |
| Total | 11,251 | 8,273 |
| 2022 c |
2021t | |
|---|---|---|
| National office (apportioned) | 113,883 | 111,769 |
| Annual(NationalCouncil) meeting (apportioned) |
5,908 | 1,173 |
| Other administrative meetings | 5 | 5 |
| Auditfee | 3,850 | 3,700 |
| lnsurance | 4,187 | 3,350 |
| Bankcharges¤cy costs |
688 | 812 |
| Legal costs | 7,702 | 1,513 |
| Other expenses | 14,O45 | 5,617 |
| Total | 150,268 | 127,939 |
| 2022 I |
2021 t |
|
|---|---|---|
| Salariesandwages | 162,545 | 162,083 |
| Social security costs | 12,394 | 12sil |
| Pension costs | 14,628 | 20,499 |
| Other benefits | 3,768 | 4,403 |
| Agency/contractstaff | 29,731 | 16,765 |
| Total | 223,066 | 216,104 |
| Totalemployeebenefits (excluding | 2022 | 2021 | ||
|---|---|---|---|---|
| employer pension costs) | ||||
| €60,001-t70,000 | 1 | |||
| €70,001-€80,000 | 1 |
| Total | ||
|---|---|---|
| e | ||
| Software | ||
| Cost | ||
| Al1Oclober2O21 | 6,211 | |
| Additions | ||
| At30September2022 | 6,211 | |
| Amortisation | ||
| At1October2021 | 6,211 | |
| Chargefortheyear | ||
| At30September2022 | 6,211 | |
| Itletbookvalue | ||
| At30 September2021 | ||
| At 30 September 2022 |
| Movements on investments for the year en | ded30September 2022 | were as sho^rn |
|---|---|---|
| Marketvalue basis | 2022 € |
2021f |
| Quoted investments | ||
| Brought forward | 6,025,689 | 5,295,539 |
| Additions | 994,821 | 1,922,477 |
| Disposalsatcarrying value | ('tJ05,242) | (1,828,042) |
| Unrealised gains/losses | (568,478) | 635,715 |
| Atmarketvalue30frSeptember | 5,3tt6,790 | 6,025,689 |
| At cost 30 September | 5,278,898 | 5,140,214 |
| allocated to funds onthebasis ollows: |
ofthe cost | inputbyeach fund.At1October 2019,th |
esplitwa |
|---|---|---|---|
| Capital lnvestment Fund | 87.54o/o | ResearchFund | 6.640/o |
| GeneralFund | 0.0070 | Welfare Fund | o.460/" |
| Elizabeth Clay Mernorial Fund | 5.18o/o | Bryan N. Brooke (lA) Overseas Travel Fund |
0.18% |
October |
2021. The split from |
1October 20 | 21onthemain portfolio was therefore as f |
ollows: |
|---|---|---|---|---|
| Capital | lnvestment Fund | 92.72% | ResearchFund | 6.MYo |
| General | Fund | 0.00o/o | WelfareFund | 0.460/o |
| Bryan N. Brooke (lA) OverseasTr€rvel Fund |
0.1$Yo |
| 5FINANCIALINSTRUMENTS | ||
|---|---|---|
| 2022 I |
2021t | |
| Carrying value of financial assets | ||
| lnstruments measured at fair value throughprofitand loss | 5,346,790 | 6,025,689 |
| Amountsfallingduewithinoneyear: | 2022 e |
2021 e |
|---|---|---|
| Legacies due | 81,681 | 68,042 |
| Prepayments | 3,231 | 3,255 |
| Other debtors | 39,466 | 19,501 |
| Duefrom branch member organisations | 11,510 | 10,942 |
| Rentdeposit | 3,500 | 3,500 |
| Total | 139,388 | 105,240 |
| 2022 | 2021 | |
|---|---|---|
| f | € | |
| Accruals | 40,354 | 34,715 |
| Researchpoects | 84,355 | 't13,210 |
| Taxation and social security | 4,298 | 4,121 |
| Duetobranch member organisations | 1,038 | 758 |
| Other creditors | 27,586 | 14,135 |
| Total | 157,631 | 166,939 |
| For thefinancialye | ar ended30Sep | tember20 | 22 | |||
|---|---|---|---|---|---|---|
| Gains, | ||||||
| Balance iltot21 t |
lncome e |
Expenditure E |
(lo6ses)on inve6tnent assets |
Transfers between funds |
Balance 30t912022 f |
|
| € | ||||||
| U nrestricted funds | ||||||
| General | 210,455 | 318,017 | 499,584 | 209,578 | 238,466 | |
| Capitallnvestment | 5,102,082 | (516,938) | (209,578) | 4,375,566 | ||
| Branch Designated | 166,681 | 53,574 | 3.867 | (58) | 216,330 | |
| Totalunreskicted | 5,179,218 | s71,59'l | 503,45{ | (516,938) | (58) | 4,830,362 |
| lrunos | ||||||
| I | ||||||
| lRestrictedfunds | ||||||
| lR"""r."h | 120,046 | 14,204 | 1,738 | (34,659) | 97,853 | |
| Welfare | 36,388 | 599 | 120 | (2,38/.) | 34,483 | |
| Bryan N Brooke(lA) Overseas Travel |
20,537 | 239 | 48 | (e54) | 19,774 | |
| Young lA Bursary | 5,230 | 5,230 | ||||
| The Victoria\Mlls lA lnternal Pouch |
1,813 | I,813 | ||||
| lAAnnual Awardfor lnnovation |
571 | 1't'l | 460 | |||
| Robert Wainwright | 60,000 | 1,944 | 58,056 | |||
| Branch Restricted | 402,089 | 3,749 | 36,681 | 58 | 369,215 | |
| Total restricted funds |
646,674 | 18,791 | 40,642 | (37,997) | 58 | 586,884 |
| Totalfunds | 6,125,892 | 390,382 | 544,093 | (554,935) | 5,417,246 |
| For thefinancialye | ar ended30Se | ptember20 | 21 | |||
|---|---|---|---|---|---|---|
| Gains/ | ||||||
| Balance 1t10t20 I |
lncome € |
Expendifure f, |
(lo6ses)on investment assets |
Transferc between funds |
Balance 30t9no21 e |
|
| € | ||||||
| Unrestrictedfunds | ||||||
| General | 231,106 | 231,3U | 441,159 | 189,124 | 210,455 | |
| Capital lnvestment | 4,420,790 | 711,411 | (30,119) | 5,102,082 | ||
| Elizabeth Clay Memorial |
47,461 | 74,475 | 2,785 | 39,8s4 | (159,005) | |
| Branch Designated | 109,498 | 61,005 | 2,746 | (1,076) | 166,681 | |
| Totalunr$tricted funds |
4,808,855 | 366,864 | 446,690 | 751,265 | (r,076) | 5,479,218 |
| ResFicted funds | ||||||
| Research | 45,960 | 35,'175 | 12,196 | 51,'.t07 | 120,046 | |
| Welfare | 32,375 | 626 | 130 | 3,517 | 36,388 | |
| BryanNBrooke(lA) Overseas Travel |
18,931 | 251 | 52 | 1,407 | 20,537 | |
| YounglABursary | 5,230 | 5,230 | ||||
| The VictoriaWills lA | 1,813 | 1,813 | ||||
| lnternal Pouch | ||||||
| lAAnnual Awardtor lnnovation |
571 | 571 | ||||
| RobertWainwright | 60,000 | 60,000 | ||||
| Branch Restricted | 425,707 | 5,179 | 29,873 | 1,076 | 402,089 | |
| Total restricted funds |
530,587 | 101,231 | 42,251 | 56,031 | 1,076 | 646,674 |
| Totalfunds | 5,339,t142 | 468,095 | 488,941 | 807,295 | 6,{25,892 |
| NetGurrcnt | ||||
|---|---|---|---|---|
| Assets/ | Long Term | Total | ||
| FixedAssets € |
(Liabilitiee) t |
Liabilities € |
30t9t2022 t |
|
| Unrestricted funds | ||||
| General | 238,466 | 238,466 | ||
| Capital lnvestment | 4,634,600 | (259,034) | 4,375,566 | |
| Branch Designated | 2'16,330 | 216,330 | ||
| Totalunrestictedfunds | 4,634,600 | 195,762 | 4,830,362 | |
| Restrictedfunds | ||||
| Research | 331,900 | (234,U7) | 97,853 | |
| Welfare | 22,993 | 11,490 | u,483 | |
| BryanNBrooke (lA) Overseas Travel |
8,997 | 10,777 | 19,774 | |
| YounglA Bursary | 5,230 | 5,230 | ||
| The Wctoria Wills lAlntemal Pouch Bursary |
'1,8'13 | 1,813 | ||
| lAAnnual Awardforlnnovation | 460 | 460 | ||
| Robert Wainwright | 58,056 | 58,056 | ||
| Branch Reslricted | 348,300 | 20,915 | 369,215 | |
| Total restricted funds | 712,190 | (125,306) | 586,884 | |
| Totalfunds | 5,346,790 | 70,456 | 5,417,246 |
| NetCurrent | ||||
|---|---|---|---|---|
| Assets, | Long Term | Total | ||
| FixedAssets € |
(Liabilities) c |
Liabilitieg t |
30t9t2021 € |
|
| Unrestricted funds | ||||
| General | 210,455 | 210,455 | ||
| Capital lnvestment | 4,939,168 | 162,914 | 5j02,082 | |
| Elizabeth Clay Memorial | 292,265 | (292,265) | ||
| Branch Designated | 166,681 | 166,681 | ||
| Total unrestrictedfunds | 5,231,.li}3 | 247,785 | 5,479,218 | |
| Restrictedfunds | ||||
| Research | 374,641 | (254,595) | 120,046 | |
| Welfare | 25,9r4 | 10,434 | 36,388 | |
| BryanNBrooke(lA)Overseas Travel |
'10,156 | 10,381 | 20,537 | |
| Young lA Bursary | 5,230 | 5,230 | ||
| The Victoria\MllslA lntemal Pouch Bursary |
1,813 | 1,813 | ||
| lAAnnual Award for lnnovation | 57', | |||
| RobertWainwright | 60,000 | 60,000 | ||
| Branch Restricted | 383,505 | 18,584 | 402,089 | |
| Total restricted funds | 794,256 | (147,5821 | 6/16,674 | |
| Totalfunds | 6,025,689 | 100,203 | 6,125,892 |
| 2022 | 2021 | ||
|---|---|---|---|
| € | f, | ||
| lJnrestricted funds | 77,208 | 806,188 | |
| Restricted funds | (e,316) | 79,287 | |
| Total | 67,892 | 885,475 |
| Paymentdue | 2022 e |
2021t |
|---|---|---|
| Nolater than oneyear | 15,000 | 15,000 |
| Laterthanoneyearand not later than fiveyears | 34,583 | 49,583 |
| Total | 49,583 | 6/t,583 |
| 2022 | 2021 | |
|---|---|---|
| € | f, | |
| Netincome/(expenditure) for the reporting period (asperthe statementoffinancial activities) |
(708,646) | 786,450 |
| Adjustmenb for: | ||
| Add back depreciation on intangible fixed assets | 117 | |
| Deduct interest income shown in investing activities | (139,s25) | (14s,286) |
| Deduct gains/add back losses on investments | 568,478 | (635,715) |
| Loss/(profit)onthe sale of investments | (13,543) | (171,581) |
| (Increase)/decreaseindebtors | (34,148) | (30,750) |
| lncrease/(decrease)increditors | (s,308) | (26,260) |
| Netcashused inoperatingactivities | (336,692) | (223,02s1 |