Charlty Regbtravon No. 207530 ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND LEGAL AND ADMINISTRATIVE INFORMATION Tru6tegs Profe5soI Edw¥n Chilvers (Chairl Professer Barbara Casadei INEDI Professor Sally DaMe$ INEDI Professor Christs'an Delle5 IHonorary Traa$urerl Professor Chris Day CBE Professor Sir Munir Pirrnoharned Piofes5o1 Julian Knvjht (Honorary Secretaryl CharSty Dumb•r 2070 Registered 0ffi¢o and Pblnclpal Addre$8 Clo Asswation SeNce¥ L¢d 33 St James's Square London SW1Y 4JS Independent Examin•r TC Gro The Courtyar ShohaM RDad Upper Beeding steyning West Sussèx BN44 3TN Bankor Bardays Bank Le[ter SeNng Cntre L¢ltar LE87 2BB
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND CONTENTS Page Trustees, r8POrt Indepertdgnt Examiners report Statement of finandal octAithe8 Balan shest Notes lo th8 ac£ounts
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trust8es presenttheirreport and accounts forth8 y•arended 31 Dmber 20. Thè aUnts comply wth Ihe Chariti•s Act 2011. thg tharivs Twst Dgad and Aco)unting and Rèporbng by Charrt18s". Ststsment of Rècommended PraEtio applicab io chanties pparing Iheir accounts in aOrd8Ce with the Financ4al Reporting Standard applicable in tho UKand Republicof Ireland IFRS1021 leffectNe l January 20151. Tnwtaos TheTru5tees EXtlY? Committea named on the Lrfdl andPdmini$trativ? Infoats"00 pagB hasteddUrin9 the y•ar and to the dalè of the rèporL AppolnlmentofTrusteesExoCUtlv• Commltt•o. The Board ol Trustees wa5 appointed in 2D21 and indudes a Chair of Twustee5. two non- exeIl¥e8. th8 Pres¢d•nts eled, ¢urr¢nt and imrnédiate past arKI th• Honor8ry SeCr¢ry and Trnar8r. Exe¢JJtive Cornmrttèe members are appointed by el?Clion at the Annual General M•etsng. Name$ aro proposad to the Executive Commltteg Meehng. whith mak85 a selaction at its meebng for final approval by the Annual Ganeral Meeting. Th• Board of Trustee5 and thè Exec¢Jtive Committee stand for thrèe year5 and the polry is to havg committee member5 repreaènting each geographi¢ area of the Associati¢fi. Investrnont Power There a no r•strictiDns as to ive$trn8nt POW8rs and the TNste8s ervJagg Brown Shipley to admini5t•r the Mivesknent8. Constitutlon and objects Tha As50aation constiiutien 1$ definad by its wle book and it5 objects are to promote a¢ademic rnedi¢Ang in the bmadast Sense. The objects of the Associalion aT8 to promDte ac2damic medicine in the broadest sgnse. The Tnjstses h8ve confimpd that Ihey have r8ferred to the guidelines contained in thè Charity Commison's gen•ral guidantr on public benefitwh•n vIeg thè Associat¥)n's aints and obj8CtNes and in planning fvture a¢tiwti•s and Setting the grant making po1w for Ihe year. Tre Associab"on carrie8 Out Ihese objectives by". Arranging anAnnual M8&ting atwhich the highestquality saentific research in mgdical pra£kn is presenied and discussed. To promote mediGg1 resoarch vrithin th• LIK8nd Ireland by maknnggrantstotEathing •stthlishrnents. To promDtÈ research and education intemab"onally by maknng grants. undar a link scheme wth developing countries. To produc¢ jDinNy a srigntificJoumal, the Quattsrty Joumal of Medicjm. Ov¢rall SpOnsIbl]ty forthetharity restswith the TrL4Steès. Th• day-t04Jay runn6ng of the Charity is d918gatad to Assttiations Seryicas Ltd IASLI. Developrnonts.activlties and a¢hvem?nts The Association contynues to b8 tesponble IOT the pubIK00 of the Quarterfy Journal ol Medione publshed by Oxt¢rd University Press. Th8ditorof Ihejournal is a m8mber of Ihe Exuiivg Committee arKI makes regular reports ts the Assotyabon. Income of £194,739 (net of VAD was recaved from Oxford University Prèss In cOgnItion of the conlrTrbubon of th8 Associabon who foufided the Journal 12022.. £207.8751. Addibonal incom8 01 £12,265 was derived from rn8mber$hip subscripkn"on812022.' £10,8451. Th8Annuo1 M2Eting was held in person with incA)ma of £21,954from iegistration f&es12022.. £22,244). The 2023 Annual Meeting costs of £99k were supported by Ihe Association.
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 This income 18 used to fund all Associatioll activib98 which Inelude grant giving. th• annual maeling, and thg nEnning of TheA55wiation ladminN8teied by ASLI. Rèsèrves have from £899.756 in 2022 to £858.074 11 2023. The was an incrèas8 to Ihe direct charitabl• activities in 2023 which contributed to the redLclion. The was a gain on inv8skn8nts £43.092120L.. loss of £100,7981 and the were suffieiènt monies availab to support the wogrammes detailed lOW. Investmènt income of £8,77712022.. £7,1641 is r8tained within the invtrstment portfolio. Grants The grants schem• Snitiatsd in 2018 updated duiing 2022 was continuBd- Summ$r Studentships 1£1,5001'. designed primarily for Medical Students to fintsh of Intgrcalated projecls. Uptake has been limitèd at 1-2 p8r year. Thr88 W8[& awarded in 2023. Newlnve5tig8torawards- No application$ of m6riL. desi9nedtoproMde pump-primingfundsfor recentty appointed acadernicphysicians, wthin thefirstfive yéars oftheirfacuttyappoinlmenl. We award8d th during 2023 from appl"eations received. AMS Stater Grants1£37,5001'. renewèd with effÈttfrom 2023, forthree years until 2025, theASSDcration will tak8 part in th8 Academy of Medical Sciences 'Stsrttrr Gtants for Clir¢ical Lectureis Scheme, as pla11 fvndèr. Awards and Bursari981£1,4771.' travel grants awarded to ECR membgTS who present thelr resear¢h al Ihg Amnual Meeting. Tho A8$o¢latltsn Membership of the assooation is open to all res8arch professiona15 with an Inte$t w Iranslalional mediafig. bllg of existing rnemb&rs who w8r8 $elected based on stringent achievemgnt criteria has bepn changed to "Fellows" and asmall cadre of new Fellows will be electedannually. These changes èxtend the rèarh arTrd impa ol the Association aiming ta position itself as Laa(Jing Interdistiplinary Translational Research" in the UK by creating rneetings and events that highlight emerging search areas that cut aero$$ disraplines and supporting Eady Career Researchers pursuing transla*"onal medicine, The 2023 Annual Mèeting was presented in person and the costs wÈre subsklised by IhgAssrriation in order lo support this actiwty. W• continue to aim for th¢ annual meèting to break even within Iht next 3 years, which r8quire a doubling of Current attendees from arouThJ 150-2 to 30NOO. Creater exierna1 rA)Ilaborats"on and visibiltty is planned induding partnering with other organisations le.g. sp8cialÈst soEYelies, funders and publications). actwitie5 for ECR6 Outside of the meets'ng. pr&ss r•le8se8 and casts, to support Ihe positioning of the Associal'on in the int•rdisuplinary trgnslational re58arth spacè. Finan¢lal revlew The chartty generat8d total income of thé yeaiof £240.828 down from £255,105 in 2022 and remains Stabla. Total expenditure frjr the year w88 £325,602, up from £320,274 in 2022 and remains kv81, duè tr> fa to face meeting (t)Sts and th8 engagement ol a PR agency. Following a nel 9ain on investments of £43.092 12022.. of £100.7981, the charity reports net expenditure for the year of £41.68212022'. nèt expenditur8 of £165,967). Thg tharity conbnues tL) hold a robust balan¢9 sheeL with total reserv8s of £858.07412022.. £899,756).
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND TRUSTEES. REPORT FOR THE YEAR ENDED 3q DECEMBER 2023 Ro$erve8 The Tru$tt8s have a policy of 8n5uring thatthe rg8arves ol the Association afè malntained approximatsly al level to Supportthe uJrrent nomial annual 8Npenditurewithoutfurtherinu)m• over a three yearperiod. Thè trust h81d fre2 ieserves of £858,074 at 31 December 202312022.. £899,756). which includesthe inv8strn8nts hekl, and fe81 that they am acting wthin the charity'5 Set re8erye¥ polity. The Brown Shipley Inve8tr?nl Portfolle Valuation at31 Decèmb•r2023. 8rgakdown by asset dass.. £12,33 £85.591 £304,037 £134,3 £7,672 £18.644 É8,589 £569,191 ds 15U products edge Funds nvat8Assets her investments 100% Future Risks The Trust¢gs ar• aware Ihal the incomè of th• Assori2tion dendS principalty on that made by Oxlord Universty Prass in rgsp8Ct of profits of the Quartarly Joumal of Mediune. This allow8 th¢ AssoL?ation to conts.nue lo support its awèrds pro9ramme. 11 thg incune from this source was rodu¢, the A550ciation has sufficEnl r•s•rves to maintain its charitable a1vIlle$ for a minimum three year perij whilè the expenditure and incom8 position is wewed. Futsre plans The A&80110n ol PnysKian5 is the prembr18arned ¥oc4•ty li the UK with focus on translatignal madne. Whi15t the annual 8a8ntstie meèting remains the c¢merstone of lh8 Assooation's aCvitIes. additional actiwbe$ have been dtrvoloped and cons01ated in renI ygar¥. The Association he a syccesslul Annual Meeting in Lwerpwl that brought toge¢her80me of the 91n9 clinician scientistsfrDm UK and •isewhere and most import8nUy, a gignthcant nurnbei of delegates including early Career rese8rchèrs. Based on thi5 success thè Association has started early to prgpar8 forthe Annual Meeting in 2024 and COMprneted th8 programme developrnent with iegular webinars. Thè committee of earty career re$oar¢hers conts.nues to provide mentoring and care8rsupportand éncourage contribLbtionstotheAssoriation's activitiesfrom a mora dive rang• of colleagues. To sUPPOrt these d?lOPMentS th& $ubcommitt8ès into intem81 and extem81 affairs have metregu13rty. in additn 10 thè Executive Committee's and Tru8teg$' m8etin95. TheAssoaation 1$ gratsknl tD 115 Tw$taes for providing strategi¢ guidance to inform acbvrtie¥ in 2023 and beyond. From a financial perspeclTve the AJsoCkqtsn continues to invest in the Annual Me&ting to make it saentilicolly outstanding event This induded generous travel butsanes for garfy carEEr researthers and awardsfoithe best oriqinal prsentations. Theoverall very p08Itivef88dback will tran$lala intofurthergrowth of delegate numbars at futur¢ meelings. which will enrich scients.fic dwrAJssions and gu2rante8 financ4al stsbility- Statèment of TruSte.1EXe¢uyo Cornmitteo Responsibili95 The Trustees ao reSpoTrsib for praparing tha Trustees, Rèport and the awolmts in accordancewth aFplirnblè law and Unitad Kinudom Accounting Standards IUnil¢d ngdoM Goneralty Accopt8d Ac¢ounbTrJ Practice). The law requi th• Trustee$ to prep8r8 accounts for each firtartLaal year which give a tru• and lair view ol the stal? of affairs of the tharity and of the incoming resources and appltiDn of resour, induding the income and gxp8ndilure, of Ihe charity forthat year.
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 In preparing th088 finarteiol $tslemenls the Trustees a requiTed to". sel?ct Suitab accountin9 polirAes and then apply them cgn515t8nty', observe the methods and principles in the Charities SORP.- make jud9emenl and e5)males that are reasonable and pryent,. and pr&pare the finan¢ial statements on a going conc8m basis unless il is inoppropri8te to presume that the charity will continue in op8ration. The Trust•8slExecutive Commitiee responsibk for keepirrfj actounb'rtg records whith disd8 with ason8ble accuracy at any tm, the finantsal PDsib"on ol the chgrily and to 8nable Ihem to ensuro that th rJnan¢ial statements cbmpty wilh th6 Charitses Act 2011. Th?y are a150 responsible for safeguarding the awts ofthe eharityand hence tsking reasonable ¥lepsforthe prevention and detedion offraud and other irregularilies. Thts reportwas aFf>roved by the Twstees on 12 Stember 2024................ .......... and &gned on their behatrf Profe$sorC Dell•$ Hcnorary Trtrasurer
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND l part to Ihe charity Trustse$ on my exarninal of the accounts of the above charity for Ihe year ¢nd 31 Deeember 2023. R•$ponslbiliti•s and basi$ of rewi A5 the ¢harity's Twste8s. you are tespDnsible for the pwaration of the a¢counts in accordan wilh th• requirèments ol the Charitiès A¢t 20111ts Act'l. I ièport in raspeclof my 8xamination of the aCmUntscarri out undersèclon 145of Ihe2011 Actand in ¢arying out my examination, I have followed all the applicable Directions gIV8n by thg Charity Comrni55ion undèrsection 14515llbl of the ACL INI¢pgrtd•ntexamin•fs statsment I have completed my examination. I confirm that rw material matters have come to my att•ndon In conMc¢ign wlth the txamination which gives rne Cause to beIve that in. any material r8sp8cL the ar)untIng rerdS We not kèpt In ac£ordancfj with sèdon 130 cf the Charitie5 Act., or the accounts dhl not arxord th the accountiThg rerdS., or the ac¢ounts dhl not comply wrth the appli¢oLile rwuiremènts concerning the form and content of accounts out in the Charitses IAccDunts and Reports) R8gulation$ 2008 other than any r8quirement that the accounts gwe g'true and fail, VK8W which is not a matter considered as part of an irjdependent examination. I have no concèrns and have Come aeress no othei matters in connecion with th? examination to which attention Should te drawn in this POrt in order lo enable a proFér undetstanding of tha accounts to be reathed. Mark Cummins FCCA FCIE On bBhalf of TC Group Offica.. Steynin9, W•st Su85ex
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2023 Total 2022 Income from: Chantsbk adNil'es Investments 228.958 11,870 247,004 8,101 Total Incom• 240.828 255,105 Expenditure on: Raising funds charitab activities 10,131 315,471 8.328 311,946 Total 8xp•ndlture 325.602 320,274 N•t galnlllossl on inv88tm•nts 43,092 1100,798 Net expondltu 141,6821 1165.9671 ReroTrcrllation of funds Total fund$ brought fOar<I 899.756 1,065,723 Total funds carrfjod forward 858,074 899,786 I fund$ in 2023 and 20Z2 ate unfftstrtct8d.
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND BALANCE SHEEr AS A T 31 DECEMBER 2023 2023 2022 Flxed assets IrNeslThents 11 569,191 $27,414 Currenta85•ts Débtor Cash at bank and in hand 12 19.993 341.920 28,280 355,709 361.919 383,989 Credltor8: amounts falling du• whthln one yBar 13 173,0361 111,6471 Not¢UffaDtAssets 288.883 s72,2 Netassats lèss curront Ilabilitl•8 858,074 899.756 The fund$ of the ¢harity: unStrICted funds 8S8,074 899,756 858,Q74 899,756 The accounts wer8 approvgd by the Trustees on 12 Sgptember 2024 Professor C DalKgS HonoraryTreasurer Char nurnbor: 207530
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Legal ststu$ of eharltable compony Association of Physicians of Great Brrtain and Ireland Is a charity. The ¢harity's registed nurnber and offic8 8ddr6s5 C8n bg found on the Lggal 2nd Administrative Inf0rn7atiDn pdgg, Ac¢ountin9 policlos 8as15 gf prnparatlon The financial statemenls havè been popated in accordanc8 Wlth Accounting and R8poth"ng by CharitEs.' Statemant of Recotnmended Practice appIable to ¢haritie5 preparing their at¢tsunts in accoidanc8 with Ihe FiTranaal Reporbns Standard applicable in tha UK and Republic of Ir•land issued in 09br 2019, the Financial Reporting Standard applicable in the Unitsd and Rewblic of Ireland IFRS 1Q21, the CharitlosA¢t 2011. and UK Gènerally AcTrpted Accounting Pr3¢t¢e. The A580¢iation of Physioan$ of (knat Britain and Iraland meets th8 definition of a publ benefit entity under FRS 102. Assets and liabilities are initially re¢ognis8d at historical cost or transaction value unless olh&rwise siaied in the relevant accounting poliw ncklsl. There are no materi81 uncertainties about th8 Associ8lion ol Gr88t Bntain and Ireland's ability to continue as a gDing COnr. The ftnanaal stalernenis are prèpared in sterling, which is functional Currency of the tharity. Monetary arnovnts in these financi statem8nls are rounded to the nearest pound. 2.2 Cash Flow Statemont In acDJrdan(ty with sects.on 7 of FRS 102 the chanty is daiming exèmption from th8 requirement to prepare cash flow statement on account of its siTr. 2.3 In¢omB All incoming r8¥ourc*s are included in the Statementof Finanei8lActivitie5when the charity is legally èntiled to the in¢orne, the amount tran be quantified with reasonabl• accuracy and thgre is probability 0r Ihe receipt of the incom8. The followiTh3 spethfic policies ao appl to particular (alegorias of in¢orne'. Income from charitsble adivities 18 recogni8ed on an accruals basis. accounted for in relatiorT to the perfod that they reLgte. Investrnent income 1$ aceounled foron i reWa bass. 2A Expéndrture Expenditure i¥ included in the Statement of Finanual Acttvikn'es on an accrnab basis, inclusive ol ary VAT that cannot be Mcove. Ch4rFtabl$ exp&nditure comprises the Costs incurred by the tharity in the delivery of ils activiles and seNces for its bon¢firiarie5. It indudes both costs Ihat can bo alloc4ted directly to such activrtie8 and th eo$ts ol an indire¢l nare neSSary lo support them. Governants cos15 indudethDs& cosls associated with meeting Ihe n$"tutIOnal and Stslulory wuiremenls ol lh8 charrty and include ind8penilenl 8xaminatioll fees arKI costs linked to the strategic maTrag@ment of thg charity. Th&se are includ•d wlhin 5UPPOrt ¢o$t6 under the Charities SORP IFRS 1021.
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ¢ountlng Pollcle8 l¢ontlnugdl 2.5 Grant maklng polt Grants p8yable to third paiti•s arewthin the charitabb objectiva& Wher• unconditional grant5 arè offered, Ihis is a¢cNed as soon as the recipient is nob.fied of thè grant. as thisgives ri$?to a 8$Onable •xpe¢tsbon that the fecipi8nt wll re1 the grants. Wh8r8 grants are conditk)nal relating to perfomian¢e Ihen the grant is only acuued when any unfu1fi118d n"on$ are outsKlÈ of th8 eontrol of the charty. 2M Investront8 Fixed awt investm8nt8 ar• slated at fair valu& Realis•d and unrealis•d gains and10ss8s arè dtalt wlth thrDu9h tha Stslemenl of Flnan¢ial ActivttEs. Debtor8 Trad? and other d8biors are recognk8ed at Ihe settlèmènt amount duè after any ttad& discount. 2,8 ¢a8h at bank an41 In hand Cash at bank and in hand includes cash and Short tstrn highly IKiuid inwstrnents. The Trustee$ seek to Use 5hDrt lerm daposits where possible to nwimise the retum on monies held atthe bank aTrJ lo mJJa9e cash flow. 19 Cr•ditor8 and provlslona Cre4itor5 and provision5 ar• re¢ogni52d where the charity has a pfysent obligativn r8sulting from 8 past event that will probably result in the Iransfer of funds to a third party and the amount duo to sett18 th obligation can be Measu or estimat8d reliably, 2.10 Flnanclal Instruments The charity has 8cted to apply the provisions of Section 11 '8a8ic Finandal Instruments. and Sethon 12 'Other Financial Instrurnents Issu85' of FRS 102 to all of its finanoal instruments. Finanaal instruments ar8 recognised in the ¢harWs balanc& shgetwhen the tharity bewrnes pawty to the nIraClu81 provisions el the instrumènt. Ba$icfinanoal instrurnents are recLKJnised at arnort15ed c08t 2.11 Fund A¢¢ounttng Funds Meld by the charity 8r• all unre¥tridEd funds. Th•se are funds which ¢an be used in 8ccordance with th• d)aritab18 objeLts at the disCl0n of Ihe Twstees and which hav8 not been designated for other purposes. Taxallon The chatity is gISred wrth the Charitss Cornrnission Inumbèr. 2075301. All of ¢haritys income fal within t 8xernptions sel out In part 11 of tho G¢rporation Tax Act 201D. Tru8t8• R•mun•ratlDn AJI the Tru¥lees doTrai8 their ilne 5Pgnl running Ihe charity on a voluntary ba$1$ and do rective any iemuneration for theirworf(.
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 h)com& from ehorttable a¥11$ Total 2023 Total 2022 Subseriptions Oxford University Press- QJM Annual Meeting Mi5cellaneou5 Incom8 12.265 194,739 21,954 10,845 207,875 22,244 .040 Tot21 tncom& from charitable activi1188 228,958 247.004 Incomè Irom Investments Totsl 2023 Total 2022 Bank intèrest Inveslm8nt income 3.093 8,777 S37 7.164 TDt81 incomè fmm investrnent 11,870 8.101 Totsl expenditurg Total 2023 Totsl 21Y22 Ralsing fund8 InStment rnanaggmenl f888 10,131 8,328 Charitsblè actlvitses Activities undertaken diredly Support co¥1$ 1Q2,305 213,166 41,400 270,548 Total cost of charitable actiMtie$ 315A71 311,946 Total EXnd[ture 325.602 320.274 io
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Totsl exp8nditur¢ {¢gntinuedl Totsl 2023 Totsl 2022 Anatysi8 gf support atvj govemanc• costs.. Governance costs: Independgntexaminers feès 2.000 2,200 Support costs: Associatlon admlnistratlon Administration w5ts 11933 30,000 4011 12,296 29,942 9,438 15,CQO 7,300 3,328 48.375 3.140 1.014 Comrnittée meetings l travel AssDClatlon expansion IT and sysi8m5 Pre8eniations Management fees Audit and accountantw f••s Bank feès 6.995 1,050 51.2SO 2,700 1,393 Sub total 111.932 129.833 Annual m•otsng M8Eting manag8m8nt Audio w$ual and equipment Design and print Pfemotion, mailings & pr85S So81 ?vènts Speakers and programme Sundry itsrns Traval Venua Hire and Catering 20,$27 8,337 17,343 6.651 12,250 4,477 26.589 816 19.641 10,878 4.268 1.513 9.085 22.137 10,756 25,326 Sub total 99,234 138,513 213.166 270,546 The support costs, IndIrt9 compardtive figuros, havE been f88natysed to bettrllert the costs lThuJrred by the charity li
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of grants Induded within 8CtMties undertaken diredly are grants payabla as follows.. Tolal 2023 Totsl 2022 Young Inv•siigalor Awards S£*eme Summer Studentship Starter Grants for Clinical Lecturers Award8 and Bursaries 59.B28 3,000 38.000 1A77 1,500 37,500 2,400 102.305 41,400 Trusts•g Trust8es w8r8 reimbursed èxpenses duttng the year of £2,96612022.. £3031. During th• year, 8nd previous year, none of the Trustees lor any person5 conn8Ct8d with them) received any remuneration for their Servtss. 10 Employees There were no •mployees during tha yegr or in thè prior ye8r_ 11 Fixed asset Inv8stMents Total Fair value at l January 2023 Acquisitions 01 cost Disposals at fair value Change in fair value Fairvalug at 31 Doc8mbBr 2023 527,414 2Lh).C69 1192.2381 33,946 569.191 Hi¥torl¢al eost At 31 DEcembgr 20Z3 522 170 At 31 D8c6mber 20Z2 5¢YJ,671 The lolal investment gain of £43,09212022..1055 of £100.798I shown in the Siatsrnent Df Financial A¢tivitie8 is represented by an unr¢alised gain of£33.94612022..1085 of £71.7581 and a realL%ed gain of£g.14612022.. loss of £29,0401_ 12 D•btors Total 2023 Total 2022 Trade dèbtDrs Prepayments and sccrued incthne Soaal 5ecufity and oth8r tsx 864 13,962 S.187 17,533 10,747 19.993 28,280 12
ASSOCIATION OF PHYSICIANS OF GREAT BRITAIN AND IRELAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Crodltoro Totsl 2023 Total 2022 Trade creditors Aettruab and deferred incom• 5.834 67,202 6,213 5,434 73,036 11.647 Included wilhin a¢¢rual$ at)d deferred incom8 abm arè accrLwI grants payabk amounting to £59.828 12022: £nill. 14 control Th¢ charity 15 undar th8 control of the Trustees. 15 Rglatsd party transa¢tlon# Theffj were rèlated party tr8nsactions during th8 perk, or preIng year thal r8quire disdosurg oth•r Ehan those alr•ady di6ciosad in nDte 9. 13
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