2022-06-30-accounts - The Magistrates Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Reference and administrative		details
Trustees report			2-9
AudItor s repol t			10-11
Statement offinancial	activities		12
ealance Sheet			13
Statements ofcash flows			14
Notes to the financial	statements		15 —34

Name:		The Magistrates' Association	The Magistrates' Association
Charity number:		216066
Registered	office:	10a Flagstaff House
		St George Wharf
		Vauxhalf, London
		SW8 2LE
Trustees:		Beverley Higgs JP (Chair)
		Mark Beattie JP (Deputy Chair)
		Christine Grant JP (Honorary		Treasurer)		(from	22 September		2021)
		Sarah Clarke JP
		David Ford JP(from 1July 2021)
		Jacqueline MacDonald-Davis		JP
		Daniel Longman JP
		Doreen Huijssoon-Prescott	JP
		Patricia Willmott JP
		Frank Shipway JP (from 2 December 2021)
		Jo King JP (from 2 December		2021)
Chief Executive:		Tom Franklin
Auditors:		Price Bailey LLP
		3rd Floor, 24 Old Bond Street,			Mayfair,	London, W1S4AP
Bankers:		National Westminster Bank	pic
		Bloomsbury Parr's Branch,	PO		Box158,	214 High Holborn,		London,		EC1V7BX
		CAF Bank Ltd
		26 Kings Hill Avenue, Kings	Hill, West Mailing,				Kent, ME19	4JQ
Investment	managers:	Cazenove Capital
		Schrodertk Co Limited
		1London Wall Place, London,			EC2Y SAU
Solicitors:		Russell-Cooke LLP
		2 Putney Hill, London, SW15		6AB

THE MAGISTRATES. ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2022 Auditorfs responslbllltles for the audtt of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accord3n¢e with regvlations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financi31 statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an adito¢S report that includes our opinion. Reasonable assurance Is high level of assurance, but is not a guaraniee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement when it exists. Mi55tatements can arise frorn IraL¢d or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irr@£ularities, including fraud. are instances of non-compliance with law5 and regulations. We design procedures in Ilne with our responsibilities, outlined above. to detect materi81 misstatements in respect ol irregularities. irTrcludinE fraud. The extent to which our procedures are capable of detecting irregularitie5, including fraud is detailed below.. We gained an understanding of the legal and regulatory framework applicable to the Charity and the sector in which it operates and considered the iisk ol the Charity not complying with the applicable laws and regulations including fraud in particular those that could have a material impact on the financia1 statements. This included those regulations directly related to the linancial statements, including financial reporting which could have a material impact on the financial statements. In relation to the operations of the Charity this included compliance with the Charitie5 Act 2011. The risks were discu55ed with the audit team and we remained alert to any indications of non-compliance throughout the audit. We carrièd out specific procedures to addres% the Yisk5 identified. These included the following.. Reviewin8 minutes of Trustee Board meetings, any correspondence with the Charity Commissit)n, 38reeing th& financial Statement disclosures to underlying supporting documentation, and enquiries of management and officers of the Charity. We have also reviewed the procedures in place for the reporting of any incidents to the Trustee Board including serious incident reporting of these matters as necessary with the Charity Commission. Management override.. To address the risk of managemeni override Lif eontrts15, we carried out testin8 Df journal entries and othe.r adjustments for appropriateness. We reviewed system5 and procedures to identify potential area5 of management override risk. In particular, we carried out testing of journal entries and other adjustments for approprialene55. We also assessed management bia5 in relation to the accounting policies adopted and in determining significant accounting estimate5. Because ol Ihe inherent limitation5 of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurrin6 due tc fraud rather than error, as fraud involves intentional concealment, forgEry, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. httP5'.l/www.frc.org.uklour-Work/Audtt/Audit-and-assuranee/standards-and-guidarFcelStandards-and-guidance-for- auditorslAuditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor'5 report. Use of our report This report 15 made solely to the charlty's trustee5, a5 a body, in accordance with Part 4 01 the Chaiities (Accounts and Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might state to the charity's trustees those matters we are required to state to them ill an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not 3CCèPt or assume responsibility to anyone other than the charlty and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have lormed. For and on behalf of Prite Bailey LLP Chartered Accountants Statutory Auditors 3rd Floor, 24 Old Bond St, Mayfair, London WIS 4AP Dated: 14 October 2022 Price Bailey LLP is eligible to act as an auditor in terms of 5ettion 1212 of the Companies Act 2006.

|||||||||N
O|CON
LO|NO|CO
CO|Ol
tV\N||||~f
N
LD||||IV|||(VI
LO|OI
CO|afNO|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||(0
0I-|||(0|I|Ol|Ol|Dl
LD||||00
00||||LD
ID|||O
(CQ|O
LO|ID|||| ||||||||||||||||||||||||||Ltl|||| ||||||OI|||O
~O||||CIO
00|||O
CO|CIO||CIO
IO||OO|||||ID|||| ||||||t+||||||||||||||||||||00|||| ||||Ol||Ol|||||||||||||||||||||||| ||||CO|||||||||||||||||||||||||| ||||Ol|||||||||||||||||||||||||| ||||CC
N
N||'D
Ol
IOC00||||||O
I|CI
fh|||CO|LD
ffl
N
00
N||IO
(O||||Ol
CO
CO||N
(O
(O|Cfl
LD
LD
00
00|||| ||||||Ol|||||||||||||||||||||||| |||||JO|CI|||||||||||||||||||||||| |||||u||||||||||||||||||||||||| |||||I||||||||||||||||||||||||| |||||th
Ol
I||||N|CO
N
IO|N
O|CO
CO
Ol|OlN||||IVI
ID|||||||LO|O
O|00
af
CI|||| ||||||m||||I
N|CD
N||N||||Ih
fh|||||||O|N|N|||| |||||||||||||||||Lh||||||||||||| ||||||Ol
D|Lu||~f
O
CVI
N
N|DI
Dl
lh
Lh
O
Qf|Lh
N
Lh|(VI
00
LD
Cf|CVI
Ctl
Dl
00
ltl||ID
O
N
00|IVI
00
ID
Ih|00
af
LD||IO
LO||III
Utl
00
O
af||Dl
Lh
LD
ltl|LO
O
CO
N|cf
N
O
LO|CO
LD
LD
N|||| ||||||'D
Ol
LJ|||||||Dlaf
CO
~0|||LO
CI|III
th
CI||||||||||||| ||||||S|||||||||||||||||||||||| ||||NN||CC|||||||||||||||||||||||| ||||CI
N|Ol|ID
+
IOc
00
th|||||||lfl
ID
Lh
tVI|||O
N|CIO
O
N||||DlN
CVI
ID
Cfl||tal
LO
00
00|||Cf
00
~f
N
lfl|||| |||||u|OIO|||||||||||||||||||||||| |||||th||||||||||||||||||||||||| |||||Ol||||||||||||||||||||||||| |||||aC|CO
OlC
OlU|||IO
IO
CO|Ol
OC
LO
LO
O|IO
N
IO|00
(O|CVI
N
Dl
00
Ial||(O
O
N
CO|CO
(0
LO|tVI
00
QV||||O
afN
LDI
Ih|||LO
O
(0
LO
N|(O
'af
O
N
Qf|00
O
00
I!I
00
LD||tttI)|| ||||||||||||||||||||||||||'Cf|||| ||||||||||||||||||||||||||||0|| ||||||||||||||||||||||||||||'0|| ||||||OI||||||||||||||||||||||~t|| ||||||0Z||||||||||||||||||||||0M0|| ||||||||||||||||||||||||||||Q|| ||||||||||||||||||||||||||||0|| |0
I-
0
LVI
IVI
uJ
I-
I-
IIII
U
uJ
I-|N
I= N) O
g Z
tJ
fh
—O
Z
CI
QU.
Za
u. Z
uJ
0
Z
UJ
I- cc
Po
ch u.||||||(hI-Z
LLI
Z
Z
LJZ|(0
Ul
CD
cd
0|N
m
0|th
0)
(0
EO
(0
O
C
'U
C 0
m
(D u
E c
th
COIv
Ol
IO
D
O
C|||CCOI-
CIZ
DL
DC|Vl
C
a—
CR
C
th
(0|ttl
Ol
O
m
(0
Ol
0|OI
c
OlD.x
OI
CO
I-0|Ol
D
0
Ol
0
E
D
C
OlZ
UUC
OlD.
X
LIJ|(0
00
C
Ol
E
CO
C
W
th|Ih
+
Ol
E
th
Ol
C
C0
th
Ol
ttl
VlD
VlC
IU00
OlZ|C
Ol
DL
X
ID
E0ur
+
OlZ|Ol
IO
+
D0
CIZ
aD
LCO
Z I
0
JU
2
UU
(J
C
Z 0-D
0—
(0
0
Cc
I
(0
(0
O
Gl
D
E
OI~
(U- CD.OC
C
I
C
rtl
O
Ol
0( n.
Lh
0
D
(0
QO
C
ID
0-
Ch
m
O.
v
'C'U
D
O- 0( I-|||||s
0
00
tat
C0
0
at
C
0
ta|0
0
ta
0
at
0
a
0
at
a
0
0
at
E
ta
0|m
0
0
aa
0
00
3
0
0
0
0
at
0
Q
0
a,|

				2021 As
		Note	2022	Restated
FIXEDASSETS
Tangible fixed assets			1i760,504	1,823,217
Intangible fixed assets			15,288	21,844
Investments			3,368,135	3,738,915
TOTAL FIXEDASSETS			5,143,927	5583 976
CURRENT ASSETS
Stock			720	0
Debtors			113,994	84,559
Cash at bank and in	hand		96,059	142,028
TOTAL CURRENT ASSETS			210,773	226,587
LIABILITIES
Creditors: amounts	falling due within one year	14a	(76,928)	(93,770)
NET CURRENT ASSETS			133,845	132,817
Creditors: amounts	falling due after one year		(11,583)	(39,769)
TOTAL NET ASSETS			5,266,189	5,677,024
THE FUNDS OF THE	CHARITY
Unrestricted funds:
Designated funds		15	523,484	886,613
Tangible fixed assets		10	1,760,504	1,823,218
intangible fixed assets		11	15,288	21,844
Free reserves			2,910,016	2,896,986
Restr(cted funds			56,897	48,363
TOTALFUNDS			. "s	i,e24

						Note	2022	2021
Statements ofcash flows
Cash flows from operating	activities:						(324,013)	(316,749)
Net cash used in operating activities							(324,013)	(316,749)
Cash flow from investing	activities
Purchase oftangible assets							(3,136)
Purchase of intangible assets								(5,440)
Purchase ofinvestments								(2,006,601)
Proceeds from sale of investments							129,665	2,213,023
Movement ofcash in the	capital account						5,332	(5,294)
Investment income							146,183	149,678
Net cash provided by investing activities							278,044	345,366
Change in cash and cash	equivalents	in the reporting		period			(45,969)	28,617
Cash and cash equivalents	at the beginning		ofthe reporting		period		142,028	113,411
Cash and cash equivalents	at the end	ofthe	reporting	period		19	96,059	142,028
Anal sis ofchan es in net	debt						2022	2021
Cash and cash equivalents	as at 1July	2021					142,028	113,411
Cash flows							(45,969)	28,617
Other non-cash changes
Cash and cash equivalents	as at 30June 2022						96,059	142,028

	2022	2021
Donations	3,455	1,212
HMRC JRS Grant		1,956
Judicial College grant	10,000	10,000
Barrow Cadbury Trust grant	8,849	1,800
	22,304	14,968

2022	2021
405,599	427,728

	2022	2021
	E
Dividends	146,140	149,666
Interest	43	12
	146,183	149,678

					2022	2021
					E	E
Magazine	advertising		revenue		6,148	19,249
Magazine	subscriptions				1,096	821
Royalties					676	855
Consultancy						1,750
500 Club	lottery				4,510	4,390
Retired members'		event			758
Royal Garden Party		Event		—Income	2,063
					15,251	27,065

			2022	2021
Investment	management	costs	8,206	8,766

					2022
			Direct costs	Support costs
Magistrate		event
training	and	support	392,248	363,935	756,183
					2021
					As Restated
			Direct costs	Support costs
Magistrate		event
training	and	support	453,881	355,977	809,858

			2022	2021
Grants to local groups			22,800	34,316
Wages and salaries (note 8)			262,782	310,230
Council and committees			4,683	65
Production of MAGISTRATE	magazine		93,785	94,564
Representation			2,373	97
Events (including networking	opportunities	and training)	5,106	14,309
MIC and training			719	300
			392,248	453,881

nalysis ofsuppor	t costs
				2021
			2022	As Restated
			6	6
Communications			12,605	11,490
Membership			10,441	9,860
Administration			118,320	60,129
Vyages &Salaries			131,391	155,115
Accommodation			20,945	18,635
Depreciation Charge			72,406	70,535
Governance Costs			17,968	18,052
Business Change	Programme			37,466
Re-measurements	ofscheme	valuation	(25,305)	(30,537)
Pension scheme	administration	expenses	5,163	5,232
			363,935	355,977

Analysis of	governance
		2022	2021
		6
AGM and	MA Awards	4,368	1,914
Board of	Trustees' expenses (note 9)	1,300	4,138
Auditor's	remuneration	12,300	12,000
		17,968	18,052

	2022	2021
	6	6
Wages and salaries	338,730	387,744
Social security costs	29,455	35,839
Pension costs	25,988	47,640
	394,173	471,223

2022	2021
Actual	Actual
Number	Number
10	12


0 Tangible fixed assets
	Leasehold	Computers	Fixtures	Office
	Property	& Printers	8 Fittings	Equipment	Total
			f
Cost
At 1July 2021	1,953,593	24,865	125,144	1,774	2,105,376
Additions		3,136			3,136
At 30June 2022	1,953,593	28,001	125,144	1,774	2,108,512
Depreciation
At 1July 2021	156,108	24,522	100,115	1,414	282,159
Charge for year	39,072	1,388	25,029	360	65,849
At 30June 2022	195,180	25,910	125,144	1,774	348,008
Net Book Value
At 30June 2022	1,758,413	2,091		0	1,760,504
At 30June 2021	1,797,485	343	25,029	360	1,823,217

	Intangible
	Assets
Cost
At 1July 2021	32,780
At end ofyear	32,780
Depreciation
At 1July 2021	10,936
Charge for year	6,556
At end ofyear	17,492
Net Book Value
At 30June 2022	15,288
At 30June 2021	21,844

		2022	2021
Market value at 1July 2020		3,738,915	3,574,525
Additions	at cost		2,006,601
Sale proceeds		(129,665)	(2,213,023)
Investment	gains/(losses)	(235,783)	365,518
Movement	ofcash in the capital account	(5,332)	5,294
		3,368,135	3,738,915

			2022	2021
Investments	can be analysed	as follows:
Equities			2,278,091	2,679,118
Alternatives			674,206	587,675
Bonds			270,079	321,654
Multi-asset	funds		58,749	61,333
Cash			87,007	83,800
Capital account				5,335
			3,368,135	3,738,915

		2022	2021
Trade debtors		10,000	4,943
Other debtors		52,854	30,899
Prepayments	and accrued income	51,140	48,717
		113,994	84,559

				2022	2021
					As Restated
Trade creditors				18,901	30,259
Other creditors				260	934
Pensions				261	2,109
Other taxation	and social		security	10,444	11,577
Accruals and deferred		income		41,064	31,739
l'resent value ofdefined			benefit scheme liabilities (note 20)	5,998	17,152
				76,928	93,770

								2022		2021
									As	Restated
Present	value	ofdefined	benefit	scheme	liabilities	(note	20)	11,583		39,769

		Balance at	Income and	Expenditure		Balance at
		01July 2021	net gains	and net losses	Transfers	30June 2022
General	funds	2,896,986	435,788	(422,758)		2,910,016
Fixed assets fund		1,823,218	3,135	(65,849)		1,760,504
CRM Database fund		21,844		(6,556)		15,288
Provision	ofservices to life members	871,613	131,565	(494,694)		508,484
Provision	for repairs & maintenance	15,000				15,000
		5,628,661	570,488	(989,857)		5,209,292
		Balance at	Income and			Balance at
		01July 2020	net gains	Expenditure	Transfers	30June 2021
						As Restated
General	funds	2,846,312	485,565	(434,891)		2,896,986
Fixed asset funds		1,888,285		(65,067)		1,823,218
CRM Database funds		21,872	5,440	(5,468)		21,844
Provision	ofservices to life members	672,022	481,952	(282,361)		871,613
Provision	for repairs &maintenance	15,000				15,000
		5,443,491	972,957	(787,787)		5,628,661

			Balance at				Balance at
			1July 2021	Income	Expenditure	Transfers	30June 2022
Training			14,000	18,849	(10,315)		22,534
Development	fund		22,531				22,531
Barrow Cadbury		Trust	10,079				10,079
Victim fund			1,753				1,753
			48,363	18,849	(10,315)		56,897
			Balance at				Balance at
			1July 2020	Income	Expenditure	Transfers	30June 2021
Training			4,000	10,000			14,000
Development	fund		22,531				22,531
Barrow Cadbury		Trust	8,579	1,800	(300)		10,079
Victim fund			1,753				1,753
			36,863	11,800	(300)		48,363

	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds	2022
Fixed asset funds	1,760,504			1,760,504
CRM Database funds	15,288			15,288
Investments	2,844,651	523,484		3,368,135
Current assets	153,876		56,897	210,773
Current liabilities	(76,928)			(76,928)
Long term liabilities	(11,583)			(11,583)
	4,685,808	523,484	56,897	5,266,189
	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds	2021
				As Restated
Fixed asset funds	1,823,217			1,823,217
CRM Database funds	21,844			21,844
Investments	2,852,302	886,613		3,738,915
Current assets	178,224		48,363	226,587
Current liabilities	(93,770)			(93,770)
Long term liabilities	(39,769)			(39,769)
	4,742,048	886,613	48,363	5,677,024

			2022	2021
				As Restated
Net movement in funds			(410,835)	196,670
Depreciation charges			72,405	70,535
Decrease/(Increase)	in debtors		(29,435)	(21,960)
(Decrease)/Increase	in short	term creditors	(16,842)	(8,165)
(Decrease)/Increase	in long	term creditors	(28,186)	(38,633)
Decrease/(Increase)	in stock		(720)
Investment income			(146,183)	(149,678)
Net (Gain)/Loss on investments			235,783	(365,518)
Net cash used in operating		activities	(324,013)	(316,749)

		2022	2021
Cash	and bank	96,059	142,028
Cash	in hand	96,059	142,028

PRESENT VALUES OF PROVISION	30June	2022	30June	2021	30June 2020
	(Cs)		(es)		(fs)
Present value of provision		17,581		56,921	71,089

						Period Ending	Period Ending
						30June 2022	30June 2021
						(fs)	(Cs)
Provision	at start of period					56,921	71,089
Unwinding	ofthe	discount factor	(interest	expense)		458	802
Deficit contribution		paid				(19,113)	(22,972)
Remeasurements		-impact of any	change	in assumptions		(525)	368
Remeasurements		-amendments	tothe contribution		schedule	(20,160)	7,634
Provision	at end of period					17,581	56,921

				Period Ending	Period Ending
				30June 2022	30June 2021
				(fs)	(5s)
Interest expense				458	802
Rerneasurements	—impact of any change in	assumptions		(525)	368
Remeasurements	—amendments tothe contribution		schedule	(20,160)	7,634
Contributions paid in respect offuture service*
Costs recognised	in income and expenditure	account

30June 2022	30June 2021	30June 2020
%per annum	%per annum	% per annum
3.45	0.59	0.83