2021-03-31-accounts - Freshwater Biological Association

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					Unrestricted	Funds	Total	Total
				Note	General	Other	2021	2020
Income:					f,
Awards and donations					3,327		3,327	2,209
Activities for generating funds					172,560		172,560	267,189
Investment income	&bank	interest			6,979		6,979	11,664
					182,866		182,866	28],062
Income from charitable activities				7	244,250		244,250	334,633
Other income:
Government Grant	re Rental	Income			137,683		137,683
Government Job Retention		Scheme			66,522		66,522
					204,205		204,205
Total income					631,321		631,321	615,695
Expenditure
Cost ofgenerating	funds			8	290,748		290,748	388,318
Costs ofcharitable	activities			9	304,295		304,295	317,916
Support costs				10	208,483		208,483	219,563
Total resources expended					803,526		803,526	925,797
Net (expenditure) for the year			before
transfers and other	recognised		gains/(losses)		(172,205)		(172,205)	(310,102)
Gain on revaluation	—property			13b	231,000		231,000
Profit on disposal ofPearsall Building				13a	236,042		236,042
Profit on disposal —E Stoke Fishery								246,461
Net gain / (loss) on	investments		—quoted	13c	37,605		37,605	(47,249)
Impairment adjustment ofRiver Lab				13a	(403,437)		(403,437)
Net movement of	funds in	year			(70,995)		(70&995)	(110,890)
Reconciliation offunds
Total funds brought	forward	2020			3,390,406	14,344	3,404,750	3,515,640
Total funds carried	forward	2021			3,319,411	14,344	3,333,755	3,340,750

			Note	2021	2020
Fixed Assets
Tangible			13a	763,714	1,928,418
Investments —Property			13b	1,386,000	1,155,000
Investments —Quoted			13c	291,495	251,230
				2,441,209	3,334,648
Current Assets
Debtors and Prepayments			14	146,495	126,616
Investments —Cash held as part ofportfolio			13c	660,132	12,792
Cash at Bank and in Hand				450,078	45,885
				1,256,705	185,293
Less Current Liabilities
Creditors (due within	1 year)		15	(329,339)	(80,676)
Net Current Assets				927,366	104,617
Total Assets Less Current		Liabilities		3,368,575	3,439,265
Provision for Liabilities
Pension Provision			22	(34,820)	(34,515)
				83,333,755	f.3,404,750
Representing Members'		Funds
Unrestricted
General Fund			16	3,319,411	3,050,161
Designated Furuls			17	14,344	14,344
Revaluation Reserve			18		340,245
				i3,333,755	83,404,750

					2021		2020
Net cash used in operating activities			(See below)		65,425		(270,896)
Cash flow from investing activities:
Investment income					6,979		11,664
Proceeds from sale/(purchase)	offixed assets				981,789		296,067
Amounts (deposited)/withdrawn		from investments			(650,000)		(15,000)
Change in cash and cash equivalent			in the year		404,193		21,835
Cash and cash equivalent brought		forward			45,885		24,050
Cash and cash equivalent carried		forward		f	450,078		K45,885
Reconciliation ofnet movement		in	funds to net cash flow from operating	activities
					2021		2020
Net movement in funds					(70,995)		(110,890)
Add back depreciation charge					15,825		54,439
Deduct Investment Income					(6,979)		(11,664)
Deduct (gains)/add back losses	on disposals &revaluations			(101,210)			(199,212)
(Increase)/decrease in debtors					(19,879)	.	48,815
Increase/(decrease) in creditors					248,663		(52,384)
Net cash used in operating activities					665,425		6(270,896)

	This is sta	ted after charging:
								2021	2020
	Depreciation							15,825	54,439
	Profit	/ (loss) on disposal offixed assets						236,042	246,461
	Auditors' remuneration							6,000	5,500
					Unrestricted	Funds
					General		Other	2021	2020
							6
4.	Awards	and Donations
	Membership donations				1,200			1,200	567
	Legacies	and other donations			2,127			2,127	1,642
					3,327			3,327	2,209
5.	Activities	for generating	funds
	Land and	building income:
	Windermere (inc. annexe)				87,100			87,100	159,959
	East	Stoke			84,976			84,976	99,168
	Miscellaneous income				484			484	8,062
					172,560			172,560	267,189
6.	Investment income
	Investment	Income			6,979			6,979	11,664
					6,979			6,979	11,664
7.	Charitable activities
	Membership services				19,762			19,762	20,642
	Scientific	and special publications			11,498			11,498	11,958
	Research	contracts			18,233			18,233	50,314
	Scientific	research &activity, direct funding
	and grants				188,744			188,744	223,242
	FBA Library/Data &Information			Services	7,451			7,451	5,492
	Training	courses and meetings			(1,438)			(1,43 8)	22,985
					244,250			244,250	334,633

lltilEd M	lltilEd M				Unrestricted General	2021	2020
S.	Cost ofgenerating	funds
	Land and buildings:
	Windermere				225,607	225,607	251,176
	East Stoke				65,141	65,141	134,142
					290,748	290,748	388,318
9.	Cost ofcharitable	activities
	Membership services				32,157	32,157	30,392
	Scientific and special		publications		28,145	28,145	38,873
	Research Contracts						15,634
	Scientific research	activity, direct		funding
	and grants				241,270	241,270	164,432
	FBA Library/Data	&	Information	Services	2,301	2,301	57,198
	Training courses and		meetings		422	422	9,418
	Redundancy Costs	and fees					1,969
					304,295	304,295	317,916
10.	Support Costs
	Council meetings and		reimbursements
	to Trustees				598	598	2,597
	Other costs —direct	and indirect:
	Audit fees				6,000	6,000	5,500
	Other professional		fees		24,324	24,324	24,112
	Staff costs				108,082	108,082	134,189
	Redundancy Costs		and fees				5,906
	Irrecoverable VAT						(2,652)
	IT support &other		office costs		69,479	69,479	49,911
					208,483	208,483	219,563

Average nu	mber of	employees was	12(9FTE)paid employees (	2020: 15(12FTE))
Total Staff	Costs in	the year were;		2021	2020
				8
Salaries				316,351	370,078
Employer's	National	Insurance Contributions		25,421	30,606
Employer's	Pension	contributions	(Note 23)	22,331	22,246
Employer's	Pension	Provision (Note 23)		305	822
Total (including redundanoy costs			of$7,875 in 2020)	364,408	423,752

~Tan ibis
	Freehold Land &	Plant &	~Com uter	Scientific
	~Buildin s	~Mach(ncr	and other	~EI IIIel t	Total
			E~ut ment
Cost or Valuation
At 1st April 2020	1,740,004	348,156	199,506	26,034	2,313,700
Additions			5,590		5,590
Disposals	(500,000)	(348,156)	(147,360)	(26,034)	(1,021,550)
Impairment adjustment	(465,657)				(465,657)
At 31stMarch 2021	774,347		57,736		832,083
Accumulated De rectation
As at 1st April 2020	103,255	69,524	186,469	26,034	385,282
Charge for the year	2,789		13,036		15,825
Disposals	(27,600)	(69,524)	(147,360)	(26,034)	(270,518)
Impairment adjustment	(62,220)				(62,220)
At 31stMarch 2021	16,224		52,145		68,369
Net book value
At 31stMarch 2021	758,123		5,591		763,714
At 31stMarch 2020	1,636,749	278,632	13,037	external	1,928,418

Quoted investments are valued	Quoted investments are valued	in accordance with their UK Stock Exchange	listings at the balance sheet dates,
			Quoted
			Investments
Market Value	at 1stApril 2020		264,022
Additions/(Disposals)			650,000
Net Investment	gains to General	Fund Account (Note 16)	37,605
Market Value	at 31stMarch 2021		951,627

	Represented by:
	Investments held on UK Stock Exchange							291,495
	Cash held as part ofPortfolio							660,132
								951,627
14.	Debtors						2021	2020
	Trade Debtors						89,074	74,284
	Other Debtors						57,421	52,332
							146,495	126,616
15.	Creditors
	PAVE, MC and pension						11,287	8,821
	Trade Creditors						81,953	25,238
	Other Creditors and Accruals						38,304	15,352
	Deferred income							17,806
	VAT creditor						197,795	13,459
							329,339	80,676
16.	General Fund Account						2021	2020
	General Fund Account							6
	Balance brought forward						3,050,161	3,164,619
	Net movement in funds	before		transfers	and
	other recognised gains						(172,205)	(310,102)
							2,877,956	3,854,517
	Transfer net movement	to Other Funds			(Notes 4to 10)			(9,304)
	Unrealised gain on revaluation			ofproperty		(Note 13b)	231,000
	Unrealised gain / (loss)	arising		from revaluation
	ofInvestments (Note 13c)						37,605	(47,249)
	Realised gain on sale ofproperty						236,042	246,461
	Transfer from Revaluation		Reserve re		Pearsall (Note 18)		163,525	5,736
	Transfer from Revaluation		Reserve re River Lab (Note 18)				176,720
	Impairment adjustment	(Note 13a)					(403,437)
	Transfer between Funds	(Note		17)
							3,319,411	3,050,161

	The balances ofthese fu	nds are included	withi	n the Balance Sheet Net Asse	ts as Cash at Bank and i
18.	Revaluation Reserve
	Balance brought forward	at 01.04.2020			340,245
	Adjustment on sale ofRiver Laboratory		in 2021/22		(176,720)
	Transfer to general fund	—remove revaluation		reserve on the
	disposal ofthe Pearsall	building			(163,525)
	Balance carried forward	at31.03.2021

Pension increases	(CPI)	(CPI)		Term dependent	rates in line with	rates in line with	the	the	difference between	difference between	difference between	the
				Fixed Interest and Index Linked yield					curves, less 1.3%p.a.
Discount Rate (forward				Years 1-10:CPI	—0.14%reducing			linearly		to CPI —0.73%
rates)				Years 11-20:CPI+ 2.52%reducing				linearly		to CPI+	1.55% by year 21
				Years 21+:CPI + 1.55%
The main demographic		assumption	used relates to the mortality assumptions.				These assumptions				are	based on analysis
ofthe Scheme's	experience carried out as part ofthe 2018 actuarial					valuation.			The	mortality	assumptions		used	in
these figures are	as follows:
		2018Valuation
Mortality base table		Pre-retirement:							Post retirement:
		71%ofAMC00 (duration 0)for males and				112%			97.6%ofSAPS		SINMA "light" for
		ofAFC00	(duration 0)for females.						males	and 102.7%		ofRFV00
									for females.
Future improvements		CMI 2017with a smoothing parameter of8.5
to mortality		and a long	term improvement rate		of1.8%pa
		for males and 1.6%for females.
The current life expectancies on retirement				at age 65 are:
						2018Valuation				2017	Valuation
Males currently aged 65 (years)									24.4			24.6
Females currently	aged	65 (years)							25.9			26.I
Males currently aged 45 (years)									26.3			26.6
Females currently	aged	45 (years)							27.7			27.9