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|UNCIL FOR|THE 2|49th SESSION—
2021|-2022|and Council meetin
s atten|ded||
|---|---|---|---|---|---|---|
|President/Chair|of|Prof Clara Lowy (6/6)|||||
|President Elect||Col SJagdish (4/6)|||||
|Senior Secretary||Dr Alistair Purves (2/6)|||||
|Junior Secretary||Dr Susan West (5/6)|||||
|Vice presidents:||Dr David Park (4/6)||Prof Dafydd Thomas (4/6)|Brig Ivan Houghton|(4/6)|
|Hon Treasurer||Dr Peter Keir (5/6)|||||
|Hon Librarian||Col SJagdish (4/6)|||||
|Hon Editor||Dr Nicholas Cambridge|(6/6)||||
|Ordinary
Councillors:|||||||
|3N yr||Dr Mary Sherry (2/6)||Dr Tony Roques (5/6)|Dr John Flower (5/6)||
|2~yr||Prof Roberto Guiloff (5/6)||Dr Clive Harmer (4/6)|||
|I"yr||Dr Rodney Rivers (4/6)||Dr Rudi Capildeo (5/6)|||
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|Statement of Financial Activities|Statement of Financial Activities||||
|---|---|---|---|---|
|The Medical Society ofLondon||Total|Prior Period|Further|
|Reg Charity No. 209242||Funds|Total Fund|Details|
|ALL FUNDS ARE UNRESTRICTED|||||
|Income and endowments|from:|||Note 2|
|Donations
and Legacies||40,200|100,000||
|Charitable
activities||19,266|20,301||
|Other trading activities||111,964|84,742||
|Investments||22,528|20,535||
|Other||2,301|(106)||
|Total||196,259|225,472||
|Expenditure
on:|||||
|Raising Funds||2,184|1,989|Note 6b|
|Charitable
activities||214,067|275,043||
|Admin
and Management||8,785|6,734|Note 12|
|Total||225,036|283,766||
|Net income/(expenditure)||(28,777)|(58,294)||
|Net (losses)/gains
on investments||(59,055)|110,476||
|Net movement
in funds||(87,832)|52,182||
|Reconciliation
offunds:|||||
|Total funds
brought
forward||7,397,761|7,345,579||
|Total funds carried forward||7,309,929|7,397,761||
|||as|
at 30June 2022||
|---|---|---|---|---|
|||||TotsIs|
||||Totals|Funds to|
||||Funds to 30|30June|
|||Notes|June 2022|2021|
|FIXEDASSETS||||6|
|Freehold|Property||6,000,000|6,000,000|
|Historical|artefacts||446,876|446.876|
|Furniture|and equipment||10,415|12.384|
|Investments
at market value|||797264|876342|
||||7,254,555|7,335,602|
|CURRENT ASSETS|||||
|Stock||9|14,972|12,075|
|Debtors||10|7.840|6,133|
|Cash
in|bank and in hand||57.094|71,101|
||||79.906|89,309|
|Less: CREDITORS|||||
|Amounts|falling due within one||||
|year|||(24,532)|(27,150)|
|NET CURRENT ASSETS||5|55,374|62,159|
|NET ASSETS|||7,309,929|7,397,761|
|FUNDS|||||
|CAPITAL FUNDS|||||
|Special|Reserve||1,180,671|1.245.391|
|Revaluation
Reserve||15|5,760,936|5,760,936|
|INCOME|FUND||||
|General|Fund||368,322|391,434|
||||7 309,929|7397761|
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|||for the|year ended 30June 202|2||
|---|---|---|---|---|---|
||||||Totals|
||||Diislonated|Totals|Year|
||||Fuiid:|Year to|to 30|
|||General|Special|30June|June|
|Unrestricted
Funds||Fir nil|Reserve|2022|2021|
|Incoming resources||||||
|Dividends
and interest|||22,528|22,528|20,535|
|Gift Aid||1,989||1,989|1,994|
|Subscnptions/joining
fees received||17,277||17.277|18,307|
|Rents receivable||||||
|Chandos
Street tenants||70.076||70,076|84,742|
|Occasional leuings||41,888||41,888|0|
|Other income:||||||
|Royalties||66||66|308|
|Donations
& Legacies||40,200||40,200|100,000|
|Functions||590||590|f642)|
|Miscellaneous
receipts||1,645||1,645|228|
|TOTAL INCOMING
RESOURCES||173,731|22,528|196,259|225,472|
|Resources Expended||||||
|Direct Charitable
Expenditure:||||||
|Hardship
Bursaries|||0|0|16,000|
|Royden Device Bursaries|||500|500|2,000|
|McNee Bursaries|||2,000|2,000|1.000|
|Manseg Bursaries|||0|0|3,025|
|Tucker Legacy|||4,000|4,000|0|
|Repairs and renewals|||12,314|12,314|61,651|
|Secunty costs||3.469||3,469|4,351|
|Printing
of'Transactions'|||6,205|6,205|6.263|
|Library, Archives
& Paintings|||990|990|15,750|
|Histories presented||180||180|0|
|Orators knives presented||123||123|114|
|Leltsomian
Medal presented||115||115|0|
|Badges presented||280||280|280|
|Salaries and wages||106,587||106,587|84,692|
|Pensions||5,715||5,715|5.645|
|Business rates||13,567||13,567|13,922|
|Water rates||593||593|431|
|Insurance||13,423||13,423|10,688|
|Lighting
and heating||7,431||7,431|4.782|
|Telephone||896||896|931|
|Stationery
and postage||2,068||2,068|1,201|
|Office expenses||9,404||9,404|9,720|
|General expenses||16,313||16.313|11,503|
|Depreciation||1,969||1,969|2,593|
|Unrecoverable
I/AT||5925||5925|18501|
|Direct Charitable
Expenditure|c/f|188,058|26,009|214,067|275,043|
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||||||Designated|Totals|Totals|
|---|---|---|---|---|---|---|---|
||||||Fund:|Year|Year|
|||||General|Special|to 30Jun|to 30Jun|
|||||Fund|Reserve|2022|2021|
|Direct Charitable|Expenditure||b/f|188,058|26,009|214,067|275,043|
|Admin and Management||ofCharity||||||
|Independent
Examinatlonl||Audit||895||895|895|
|Accountancy
and|payroll|||6,132||6,132|4.880|
|Stockbrokerfees||||||2,184|1.989|
|Bank charges||||202||202|134|
|Professional
fees||||1,556||1,556|825|
|||||8,785|2,184|10,969|8,723|
|TOTAL RESOURCES EXPENDED||||196,843|28,193|225,036|283,766|
|NET INCOMING|(OUTGOING)|||||||
|RESOURCES FOR THE||PERIOD||(23,112)|(5685)|(2&777)|(58.294)|
|OTHER RECOGNISED GAINS|||AND|||||
|LOSSES||||||||
|Gams (losses) on|investments|||||||
|Realised|||||1,020|1,020|223|
|Unreaksed|||||(60.075)|(60.075)|110.253|
|NET MOVEMENT|IN FUNDS|||(23.112)|(64,720)|(87,832)|52.182|
|Balances brought|forward|||||||
|at 1 July 2021||||||||
|BALANCES CARRIED FORWARD||||||||
|AT 30JUNE 2022||||6,129,258|1.180,671|7,309,929|7,397,761|
##
||for the|year ended 30June 2|021||
|---|---|---|---|---|
|||||Totals|
|||Designated|Totais|Year|
|||Filtldi|Year to|to 39|
||General|Special|30June|June|
|Unrestricted
Funds|Fund|Reserve|2021|2020|
||E|E|E|E|
|Incoming resources|||||
|Dividends
and interest|||20,535|21,089|
|Gift Aid|1,994||1,994|2.130|
|Subscnptionsljoining
fees received|18,307||18,307|18,56T|
|Rents receivable:|||||
|Chandos
Street tenants|84,T42||84,742|81,298|
|Occasional lettings|0||0|56,350|
|Oiherincome:|||||
|Royalties|308||308|587|
|Donations
&Legacies|100,000||100,000|290,000|
|Funcbons|(642)||(642)|5,774|
|Miscellaneous
receipts|228||228|2,245|
|TOTAL INCOMING RESOURCES|204,937|20,535|225,472|47e,oso|
|Resources Expended|||||
|Direct Charitable
Expenditure:|||||
|Hardship
Bursanes||16,000|16,000|0|
|Royden Davies Bursanes||2,000|2,000|1,000|
|McNee Bursarias||1,000|1,000|1000|
|Mansall 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|ee,eyg|
|Security costs|4,351||4,351|3,761|
|Pnnting of'Transactions'||6,263|6,263|6,471|
|Library, Archives
&Paintings||15,750|15,750|353|
|Histories presented|0||0|450|
|Orators knives presented|114||114|114|
|Lettsomian
Medal presented|0||0|115|
|Badges presented|280||280|280|
|Salan'es and wages|84,692||84,692|105,983|
|Pensions|5,645||5,645|5,357|
|Business rates|13,922||13,922|14,424|
|yyater rates|431||431|767|
|Insurance|10,688||10,688|10,002|
|Lighhng
and heating|4,782||4,782|5,066|
|Telephone
Stationery and postage|931
1,201||931
1u¹|846
2,206|
|Office expenses|9,720||9,720|8,166|
|Generalexpanses|11,503||11,503|15,413|
|Depreciation|2,593||2,593|1,930|
|Vnrecoverable
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||blf||169,354|105,689|275,043|294,495|
|Admin and Management|ofCharity|||||||
|Independenl
Examination/Audit||||895||895|3.850|
|Accountancy
end payroll||||4,880||4,880|5,740|
|Stockbroker fees|||||1,989|1,989|1.607|
|Bank charges||||134||134|198|
|Professional fees||||825||825|325|
|||||6,734|I,989|8,723|11,720|
|TOTAL RESOURCES EXPENDED||||176,088|107,b78|283,766|306,215|
|NETINCOMING
(OUTGOING)||||||||
|RESOURCES FOR THE|PERIOD|||28,849|(87,143)|(58,294)|171,825|
|OTHER RECOGNISED GAINS||AND||||||
|LOSSES||||||||
|Gains (losses) on investmenls||||||||
|Realised|||||223|223|(312)|
|Unrealised|||||110.253|110,253|(38,408)|
|Property
revaluation|||||0|0|0|
|NET MOVEMENT IN FUNDS||||28,849|23,333|52.182|133,105|
|Balances broughl
forward
al 1inly 2020|||6.|3k5k»|1.222,058|3 5 5k 9|2k»|
|BALANCES CARRIED FORWARD||||||||
|AT30JUNE 2021|||6,|152,370|1,245,391|7,397,761|7,345,579|
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|5. ANA|LYSIS|OF NET ASSETS BE|TWEEN FUNDS|||
|---|---|---|---|---|---|
||||General|Special||
||||Fund|Reserve|Totals|
|FIXED ASSETS|||K||E|
|Freehold|Properly||5.335,077|664.923|6.000.000|
|Historical|Artefsds||446,876||446,876|
|Furniture|and equipmenl||10,415||10,415|
|Investments
at market value||||797,264|797,264|
||||5,792.368|1.462,187|7,254,555|
|CURRENT ASSETS||||||
|Stock|||14,972||14.972|
|Debtors|||7,840||7.840|
|Cash in bank snd||in hand|54,586|2.508|57,094|
||||77,398|2.508|79,906|
|Current|Liabilities|||||
|Creditors|falbng|due within one year|(10,532)|(14,000)|(24,532)|
||||66,866|(11,492)|55,374|
|Owing between||funds|270,024|(270,024)||
|Reserves|||6,129,258|1.180,671|7,309,929|
|Historical cost||ofinvestments||||
|30June|2022||0|660.770|660,770|
##
||Holding|Holdings|at 30June 2022|2022|2022|
|---|---|---|---|---|---|
||2022|||Cost|Market|
||||||value|
|||||6|6|
|||UK EQUITIES||||
||487,623|Barclays|Charity R Accumulation|660.770|797,264|
|6.b|INVESTMENT MANAGEMENT||CHARGES|||
|||||2022|2021|
|||||2,184|1,989|
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|7.
FIXEDA|SSET INVESTMENT|||
|---|---|---|---|
|||2022|2021|
|Market Value|1 July 2021|876,342|723,186|
|Additions||0|24.919|
|Accumulated|Income|22,528|20,535|
|Disposals||(42,551)|(2,774)|
|Net realised gains/(losses)||1.020|223|
|Net unrealised|gains/(losses)|(60,075)|110,253|
|Market value|30June 2022|797,264|876,342|
|Histoncal cost as at 30June 2022||660,770|670,285|
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|The|following
operating
lease payments|are committed|to be paid within one year.|||
|---|---|---|---|---|---|
|||||2022f|2021
8|
|Expiring between
one and five years (MODE 3 months|||at 5330)|990|6,270|
|15.|REVALUATION
RESERVE|||||
|The|Revaluation
Reserve is made up of:|||||
||Revaluation
ofproperty 2010||||1,474,000|
||Further
revaluation
of property 2016||||3,845,077|
||Valuation
ofhistonc artefacts 2010||||441 859|
||||||85,760,936|
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