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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|
##
##
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##
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##
##
##
##
##
##
##
##
||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|ET|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|are committed|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|
##
##
##
##