2021-06-30-accounts - The Medical Society Of London

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Intsnlionally Bfank 16

.'Statement ofFiiiancial Activities':-';" ",-;-; @The Medical Society of London&'i. ,'".);„-'"+&j	.'Statement ofFiiiancial Activities':-';" ",-;-; @The Medical Society of London&'i. ,'".);„-'"+&j	~Fssf+TotaI,vr.~j:o Prloi Periodg '.,-,Total Fund . :"	~Fssf+TotaI,vr.~j:o Prloi Periodg '.,-,Total Fund . :"	5.';:@Further.g-,',„.
4;./FALL FUNDS'ARE UNRESTRICTED. ,
Income and endowments	from:			Note 2
Donations and Legacies		100,000	290,000
Charitable activities		20,301	20,697
Other trading activities		84,742	137,648
Investments		20,535	21,089
Other		(106)	8,606
Total		225,472	478,040
Expenditure on:
Raising Funds		1,989	1,607	Note 6b
Charitable activities		275,043	294,495
Adrnin and Management		6,734	10,113	Note 12
Total		283,766	306,215
Net income/(expenditure)		(58,294)	171,825
Net (losses)/gains on investments		110,476	(38,720)
Net movement in funds		52,182	133,105
Reconciliation offunds:
Total funds brought forward		7,345,579	7,212,474
Total funds carried forward		7,397,761	7,345,579

			as	at 30June 2021
					Totals
				Totals	Funds to
				Funds to 30	30June
			Notes	June 2021	2020
FIXEDASSETS					8
Freehold	Property			6,000,000	6,000,000
Historical	artefacts			446,876	446,876
Furniture	and equipment			12,384	11,860
Investments at market value				876342	723 186
				7,335,602	7,181,922
CURRENT ASSETS
Stock			9	12,075	12,469
Debtors			10	6,133	4,862
Cash in	bank and	rn hand		71 101	177.812
				89,309	195,143
Less: CREDITORS			11
Amounts	falling due within one
year				(27,150)	(31,486)
NET CURRENT ASSETS				62,159	163,657
NET ASSETS				7,397,761	7,345,579
FUNDS			588
CAPITAL FUNDS
Special	Reserve			1,245,391	1,222,058
Revaluation Reserve			15	5,760,936	5,760,936
INCOME	FUND
General	Fund			391,434	362,585
				7,397,761	7,345,579

	for the	year ended 30June 20	21
				Totals
		Designated	Totals	Year
		Fund:	Yearto	to 30
	General	Special	30June	June
Unrestricted Funds	Fund	Reserve	2021	2020
	E	E	E	E
Incoming resources
Dividends and interest		20,535	20.535	21,089
Gift Aid	1.994		1,994	2,130
Subscriptions/joining fees received	18.307		18.307	18,567
Rents receivable:
Chandos Street tenants	64.742		84.742	81,298
Occasional lettings	0		0	56,350
Other income:
Royalties	308		308	587
Donations & Legacies	100,000		100,000	290,000
Functions	(642)		(642)	5,774
Miscellaneous receipts	228		228	2,245
TOTAL INCOMING RESOURCES	204,937	20,535	225,472	478,040
Resources Expended
Direct Charitable Expenditure:
Hardship Bursaries		16.000	16,000	0
Royden Device Bursaries		2,000	2,000	1,000
McNee Bursanes		1,000	1,000	1.000
Mansell Bursaries		3,025	3,025	0
Middlesex Hospital Bursary		0	0	1,000
Librach Legacy		0	0	500
Repairs and renewals		61,651	61,651	83,879
Security costs	4,351		4,351	3,761
Printing of'Transactions'		6,263	6.263	6,471
Library, Archives 8 Paintings		15,750	15,750	353
Histories presented	0		0	450
Orators knives presented	114		114	114
LeNsomian Medal presented	0		0	115
Badges presented	280		280	280
Salaries and wages	84,692		84,692	105,983
Pensions	5,645		5,645	5,357
Business rates	13,922		13,922	14,424
Water rates	431		431	767
Insurance	10,688		10,688	10,002
Lighting and heating	4,782		4,782	5,066
Telephone	931		931	846
Stationery and postage	1,201		1.201	2,208
Office expenses	9,720		9,720	8,166
General expenses	11,503		11.503	15,413
Depreciation	2,593		2,593	1,930
Unrecoverable VAT	18,501		18,501	15,410
Direct Charitable Expenditure	169.354	105,689	275,043	294,495

					Designated	Totals	Totals
					Fund:	Year	Year
				General	Special	to 30Jun	to 30Jun
				Fund	Reserve	2021	2020
Direct Charitable	Expenditure		b/f	169,354	105,689	275,043	294,495
Admin and Management		ofCharity
Independent Examination/Audit				895		895	3,850
Accountancy and	payroll			4,880		4.880	5,740
Stockbrokerfees					\,989	1,989	1,607
Bank charges				134		134	198
Professional fees				825		825	325
				6,734	1,989	8,723	11,720
TOTAL RESOURCES EXPENDED				176,088	107,678	283,766	306,215
NET INCOMING	(OUTGOING)
RESOURCES FOR THE		PERIOD		28,849	(87,143)	(58.294)	171,825
OTHER RECOGNISED GAINS			AND
LOSSES
Gains (losses) on	investments
Realised					223	223	(312)
Unrealised					110,253	110,253	(38,408)
Property revaluation					0	0	0
NET MOVEMENT Balances brought at 1 July 2020	IN FUNDS forward			28,849	23.333 52,182 ,222,55,3 ~,5 5		133,105 7 212 7
BALANCES CARRIED FORWARD
AT 30JUNE 2021				6,152,370	1,245,391	7,397,761	7,345,579

						Totals
				Designated	Totals	Yssr
				Fund:	Yssr to	to 30
Unrestricted Funds			General Fund	Special Reserve	30June 2020	June 2019*
			E	E	E	E
incoming resources
Dividends and interest				21,089	21,089	24,362
Gift Aid			2,130		2 130	2,464
Subscri phonsjioining	fees received		18,567		18,567	19,472
Rents receivable:
Chandos Street tenants			81,298		81,298	88,669
Occasional leltings			56,350		56,350	ee,655
Other income'
Royalties			587		eeT	58
Insurance			0		0	1,337
Donations 6Legacies			290,000		290,000	3,360
Functions			5,774		5,774	13,412
Miscellaneous receipts			2,245		2,245	1,296
TOTAL INCOMING	RESOURCES		456,951	21,089	47e,oso	243,085
Resources Expended
Direct Charitable Expenditure:
Royden Device Bursary				1,000	1,000	1,000
McNee Bursanes				1,000	1,000	2.000
Middlesex Hospital	Bursary			1,000	1,000	1,000
Librach Legacy				500	500	0
Repairs and renewals			2,487	81,392	83,879	42,639
Security costs			3,761		3,761	3,515
Pnnti ng of'Transastibns'				6,471	6,471	6,528
Library, Archives &	Paintings			10,353	10,353	5,245
Histories presented			450		450	450
Orators knives presenled			114		114	105
Leitsomian Medal presented			115		115	115
Badges presented			280		280	280
Salaries and wages			105,983		105,963	90,519
Pensions			5,357		5,357	5,505
Business rates			14,424		14,424	13,761
Water rates			76T		767	607
Insurance			10,002		10,002	10,049
Lighting and heaeng			5,066		5,066	5,053
Telephone			846		846	2,391
Stationery, pnnting	and postage		2,206		2,208	2,313
Office expenses			8,166		8,166	9,238
Generalexpenses			15,413		15,413	21,979
Depreciation			1,930		1,930	2,452
Vnrecoverable i/AT			15,410		15,410	15,787
Direct Charitable Expenditure		cjf	192,779	101.716	294,495	242,531
				23

						Designated	Totals	Totals
						Fund:	Year	Year
					General	Special	to 30Jun	to 30Jun
					Fund	Reserve	2020	2019
Direcl Charitable		Expenditure		blf	192779	101,716	294,495	24253f
Admin and Management			ofCharity
Audit Aindependeni		Examination			3.850		3,850	1,000
Accountancy and	payroll				5,740		5,740	6.100
Stockbroker fees							1,607	1.702
Bank charges					198		198	264
Prolessronal fees					325		325	325
					10,113	1,607	11,720	9,391
TOTAL RESOURCES EXPENDED					202,892	103,323	306,215	251,922
NET INCOMING	(OUTGOING)
RESOURCES FOR THE			PERIOD		254,059	(82,234)	171,825	(8,837)
OTHER RECOGNISED GAINS				AND
LOSSES
Gains (losses) on	investments
Realised						(312)	(312)	2,252
Unreaiised						(38,408)	(38,408)	23.414
Property revaluation						0	0	0
NET MOVEMENT		IN FUNDS			254,059	(120,954)	133,105	16.829
Balances brought	fonvard
al 1July 2019					5,869,462	1,343,012	7,212,474	7,195,645
BALANCES CARRIED FORWARD
AT30JUNE 2020					6,123,521	1,222 058	7,345,579	7,212,474

5. ANALYSIS	OF N	ET	A	SSE	TS B	WEEN FUND	S
						General			Special
						Fund		Reserve			Totals
FIXEDASSETS						E			E		E
Freehold Properly						5,335,077			664,923		6,000,000
Hisiorical Artefads						446.876					446.876
Furmiure and equipment						12,384					12,384
Investments at market value									876,342		876.342
						5.794.337		1,541,265			7,335.602
CURRENT ASSETS
Stock						12,075					12,075
Debtors						6,133					6,133
Cash dn bank and	in hand					71,101					71,101
						89,309					89,309
Current Liabilities
Creditors falling	due	within		one	year	(10,145)			(17,005)		(27,150)
						79,164			(17.005)		62,159
Owing between	funds					278,869			(278.869)
Reserves						6,152,370		1,245.391			7,397,761
Historical cost	ofinvestments
30June 2021 0 ~di dF d. yd ~ JIR F Bursary Bequest have all been designated by the							670,285 627,058 dM B,dlld MN Trustees for the purposes as set out					B dRFB in their report and as		l Bl reflected		in the
Society's Standing		Orders.			In 2015the decision		has been made not			to show the minor		funds separately	in the		accounts
rather to acknowledge			their		existence	in the conduct		ofthe Society's		functions

	Holding	Holdings	at 30	June 2021	2021	2021
	2021				Cost	Market
						value
						6
		UK EQUITIES
	511,882	Barclays	Charity	R Accumulation	670,285	876,342
6.b	INVESTMENT MANAGEMENT		CHARGES
					2021	2020
					1989	1607

7. FIXEDA	SSET INVESTMENT
		2021	2020
Market Value	1 July 2020	723,186	683,391
Additions		24.919	98,537
Accumulated	Income	20,535	21,089
Disposals		(2,774)	(41,111)
Net realised gains/(losses)		223	(312)
Net unrealised	gains/(losses)	110.253	(38,408)
Market value	30June 2021	876.342	723,186
Histoncal cost as at 30June 2021		670,285	627,068

					2021f	2020f
	Amounts	owed to the Chanty	by.
	Sundry	debtors			1,010	53
	Prepayments				5.123	4,809
					6,133	4,862
11.	CREDITORS
	Amounts	fallmg due within one year:
	Sundry	creditors			6,000	4,706
	Acoruals				21,150	26,780
					27,150	31,486
12.	ADMIN	AND MANAGEMENT	EXPENSES		f	f
Independent Examineys (2020Auditods)				remuneration	895	3,850
Accountancy and Payroll					4,880	5,740
Bank	charges				134	198
Professional Fees (VAT & HR Consultancy)					825	325
Total					g 734	10113

The	following operatmg lease payments	to be paid within one year
			2021	2020
			6
Expiring between one and five years (MODE 19months		at6330)	6.270	10,230
16.	REVALUATION RESERVE
The	Revaluation Reserve is made up of:
	Revaluation ofproperty 2010			1,474,000
	Further revaluation of property 2016			3,845,077
	Valuation of historic artefacts 2010			441 859
				65,760,936