## 



## 

## 

## 

||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|<br>er2022|||
|---|---|---|---|---|---|---|
||Note|Unrcstricted<br>Funds<br>€||Restricted<br>Funds<br>€|Totalfunds<br>3U9/2022<br>f|Totalfunds<br>30r9r202t<br>e<br>(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|<br>a,erz|544,093|€8,941|
|Netincome/(expenditure) before<br>gainsandlosses on<br>investnents<br>Net gains (losses) on investments|I|(r31,860)<br>(516,938)||(2{,851)<br>(37,997)|53<br>(1<br>,7111<br>(554,935)|(20,846)<br>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<br>Totalfunds carried forward|I|5,479,218<br>4,830,362||6/16,674<br>586,884|6,125,892<br>5,417,246|5,339,442<br>6,125,892|





|BalanceSheet as at|BalanceSheet as at|BalanceSheet as at|30September2022|30September2022|||
|---|---|---|---|---|---|---|
|||Notes||Total<br>30t9t2022||Total<br>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|<br>]|18|157,631||166,939||
|NetCurrent Assets||||70,456||100,203|
|Total assets lesscurrent<br>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<br>Funds|Re6trlcted<br>Funds||Totalfunds<br>30t9t2021|
|---|---|---|---|---|---|
|||€|e||€|
|lncomefrom:||||||
|Donations and legacies|3|122,283|91,248||213,531|
|Charitable activities|4|109,278|||109,278|
|lnvestments<br>Total income|5<br>t--|135,303<br>366,864|9,983<br>10't,231|I|145,286<br> <br>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<br>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<br>Totalfunds carriedfonrard|r|4,808,855<br>5,479,218|530,587<br>646,674||5.339.442<br>6,r25,892|





## 

||Funds||||||
|---|---|---|---|---|---|---|
||transferred in||||||
||fromBranch|If,ember|||||
||membet|organisauon|Other||Total|Total|
||organisatons|donations<br>€|donations<br>€|Legacies<br>€|2022<br>€|2021<br>s|
|GeneralFund|||18,M1|96,774|115,215|34,616|
|ElizabethClayMemorial<br>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<br>funds<br>f,|Re3tricted<br>funds<br>t|T&12022<br>C|Toial2021<br>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<br>ources:|9,540wasrestricted (20|21: €9,983).|
|---|---|---|
||2022|2021|
||f|€|
|UKlisted investments|139,525|145,286|
|Bank interest|||
|Total|139,525|145,286|





## 

||2022<br>I|2021<br>€|
|---|---|---|
|lnvestment management costs|28,059|30,434|
|Online fundraising costs|630|578|
|Total|28,689|31,012|



## 

||Note||2022<br>€|2021<br>€|
|---|---|---|---|---|
|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<br>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)<br>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<br>c|2021t|
|---|---|---|
|National office (apportioned)|113,883|111,769|
|Annual(NationalCouncil)<br>meeting (apportioned)|5,908|1,173|
|Other administrative meetings|5|5|
|Auditfee|3,850|3,700|
|lnsurance|4,187|3,350|
|Bankcharges&currency<br>costs|688|812|
|Legal costs|7,702|1,513|
|Other expenses|14,O45|5,617|
|Total|150,268|127,939|



||2022<br>I|2021<br>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<br>€|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<br>ollows:|ofthe cost|<br> 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<br>Fund|0.18%|



|<br>October|<br>2021. The split from|1October 20|<br>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<br>Fund|0.1$Yo|





## 

|5FINANCIALINSTRUMENTS|||
|---|---|---|
||2022<br>I|2021t|
|Carrying value of financial assets|||
|lnstruments measured at fair value throughprofitand loss|5,346,790|6,025,689|



## 

|Amountsfallingduewithinoneyear:|2022<br>e|2021<br>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<br>iltot21<br>t|lncome<br>e|Expenditure<br>E|(lo6ses)on<br>inve6tnent<br>assets|Transfers<br>between<br>funds|Balance<br>30t912022<br>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)<br>Overseas Travel|20,537|239|48|(e54)||19,774|
|Young lA Bursary|5,230|||||5,230|
|The Victoria\Mlls lA<br>lnternal Pouch|1,813|||||I,813|
|lAAnnual Awardfor<br>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<br>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<br>1t10t20<br>I|lncome<br>€|Expendifure<br>f,|(lo6ses)on<br>investment<br>assets|Transferc<br>between<br>funds|Balance<br>30t9no21<br>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<br>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<br>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)<br>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<br>lnnovation|571|||||571|
|RobertWainwright||60,000||||60,000|
|Branch Restricted|425,707|5,179|29,873||1,076|402,089|
|Total restricted<br>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<br>€|(Liabilitiee)<br>t|Liabilities<br>€|30t9t2022<br>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<br>Travel|8,997|10,777||19,774|
|YounglA Bursary||5,230||5,230|
|The Wctoria Wills lAlntemal<br>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<br>€|(Liabilities)<br>c|Liabilitieg<br>t|30t9t2021<br>€|
|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<br>Travel|'10,156|10,381||20,537|
|Young lA Bursary||5,230||5,230|
|The Victoria\MllslA lntemal<br>Pouch Bursary||1,813||1,813|
|lAAnnual Award for lnnovation||57',|||571|
|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<br>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<br>(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|



## 

##