| Introduction from the Chairofthe Trustee Board and the ChiefOperatingOfficer |
1-2 |
| OurVision, Purpose and Values |
3-4 |
| Activitiesand Achievements |
5-18 |
| Environmental Social Governance |
19-35 |
| Administrative Details |
36 |
| Introduction bythe HonoraryTreasurer |
37 |
| Financial Review |
38-43 |
| Audit report |
44-47 |
| Financial report |
48-73 |
|
Current |
Comparison |
|
reporting year |
reporting year |
|
2021/22 |
2020/21 |
| Emissionsfrom activitiesforwhich the |
|
|
company own or control including
combustion offuel & operation offacilities |
666.98 |
515.18 |
| (Scope_1)_/tCO2e |
|
|
| Emissions from purchase ofelectricity, heat, |
|
|
| steam and cooling purchased for own use |
550.82 |
198.76 |
| (Scope_2,location_based)/_tCO2e |
|
|
Total gross Scope 1 &Scope 2 emissions!
tCO2e |
1217.80 |
713.94 |
Energy consumption used to calculate above
emissions:_/kWh |
4,079,578.90 |
3,654,426.40 |
| Indirect emissionsfrom business activities |
|
|
| (Scope_3)/tCO2e |
|
|
| Water |
2.98 |
8.44 |
| AirTravel |
10.01 |
1.65 |
| Hotels |
2.24 |
0.03 |
| Train Travel |
7.07 |
0.35 |
| Private Car Mileage |
2.58 |
0.71 |
|
Total Scope 3/tCO2e |
24.87 |
1 1 .19 |
| Intensity |
ratio: tCO2e (gross Scope 1 ÷ 2)/
FIE |
3 64 |
2 90 |
|
|
GHG Conversion |
GHG Conversion |
|
Methodology |
Factors for
Company |
Factors for
Company |
|
|
Reporting |
Reporting |
| Chair |
Prof Nigel Mathers MBE FRCGP (until 31 May 2021)) |
| cting Chair |
DrJohn Chisholm CBE FRCGP (until 27 April 2022) |
| Chair |
Prof Mike Holmes FRCGP (from 28 April 2022) |
| HonoraryTreasurer (ex-officio) |
Dr Steve Mowle FRCGP |
| Honorary Secretary (ex-officio) |
Dr Victoria Tzortziou-Brown OBE FRCGP until 20 |
|
November 2021 asjob share) |
|
Dr Michael Mulhotland FRCGP (from 21 November 2021) |
| Chair of Council (ex-officio) |
Prof Martin Marshall CBE FRCGP |
| Council Trustee |
Prof Kamilla Hawthorne MBE FRCGP |
| Council Trustee |
Prof Simon Gregory MBE FRCGP |
| Council Trustee |
Dr Margaret McCartney FRCGP |
| LayTrustee |
Mr Chris Lake (from 21 November 2021) |
|
Dr David Pendleton FRCGP (Hon) (until 20 November |
|
2021) |
| LayTrustee |
Mr Ian Wilson (from 21 November 2021) |
|
Mr Brendan Russell (until 20 November 2021) |
| LayTrustee |
Mr Ian Jeffery |
| LayTrustee |
Mr Simon Sapper |
| Observer |
Dr Paul Myres FRCGP, Chair, Audit Committee (Until 31 |
|
January 2022) |
| Observer (job share Honorary |
DrJonathan Leach OBE FRCGP (until 20 November |
| Secretary) |
2021) |
| Council Officers |
|
|
| :hair |
Prof Martin Marshall CBE FRCGP |
3 years |
| President |
Dame Prof Clare Gerada DBE PRCGP (from |
2 years |
|
19th November 2021) |
|
|
Prof Amanda Howe OBE FRCGP (until 19th |
|
|
November 2021) |
|
| /ice-Chair |
Dr Gary Howsam FRCGP |
3 years |
| ]ice-Chair |
Dr Michael [vlulholland FRCGP (until 20 |
3 years |
|
November 2021) |
|
|
Dr Margaret lkpoh FRCGP (from 20 November |
|
|
2021) |
|
| HonorarySecretary |
DrJonathan Leach OBE FRCGP (until 20 |
4 years |
|
November 2021) |
|
|
DrVictoria Tzortziou-Brown OBE FRCGP (job |
|
|
sharers) (until 20 November 2021) |
|
|
Dr Michael Mulholland FRCGP (from 20 |
|
|
November 2021) |
|
| HonoraryTreasurer |
Dr Steve Mowle FRCGP |
5 years, with option of |
|
|
further_3_years |
| Chair of RCGP |
Dr Laurence Dorman FRCGP |
3 years |
| Northern Ireland |
|
|
| Chair of RCGP |
Dr David Shackles MRCGP (job shareto |
3 years |
| Scotland (job share) |
November 2023) |
|
|
Dr Chris Williams MRCGP (job shareto |
|
|
November 2023) |
|
| Chair of RCGPWales |
Dr Mair Hopkin FRCGP (job share to 18th |
3 years |
| job-share) |
November 2021) |
|
|
Dr Peter Saul FRCGP (job share to 18th |
|
|
November 2021) |
|
|
Dr Rowena Christmas FRCGP (from 18th |
|
|
November 2021) |
|
| DrAarti Bansal MRCGP |
|
|
| DrAbrar Ibrahim MRCGP |
|
|
DrAshley Liston MRCGP
- until November 2021 |
|
|
| Dr CatherineTichler MRCGP |
|
|
| Dame Prof Clare Gerada DBE PRCGP |
|
|
| Dr Ginikachukwu llechukwu MRCGP |
|
|
Dr Holly Hardy FRCGP
- until November 2021 |
|
|
Dr Hussain Gandhi MRCGP
- until November2021 |
|
|
| Dr lmran Rail FRCGP |
|
|
DrJohn Chisholm CBE FRCGP
- until |
November2021 |
|
| Prof Kamila Hawthorne MBE FRCGP |
- until November 2021 |
|
| Dr KirstyAlexander MRCGP |
|
|
| Dr Lucy Henshall FRCGP |
|
|
| Dr Margaret lkpoh FRCGP |
|
|
| Dr Margaret McCartney MRCGP |
|
|
| Dr Omon lmohi MRCGP |
|
|
| Dr Sonali Kinra MRCGP |
|
|
Dr Susi Caesar FRCGP
- from November 2021 |
|
|
Dr Tajvinder Grewal MRCGP
- from November 2021 |
|
|
Prof Mike Holmes FRCGP
- from November2021 |
|
|
Dr Mohana Ratnapalan MRCGP
- from November 2021 |
|
|
| Dr Victoria Tzoftziou-Brown ODE |
FRCGP |
- from November 2021 |
Dr Uwadiae lma-Edomwonyi MRCGP
- from November 2021 |
|
|
| Faculty |
Representative |
Dates |
| Bedford & Hertfordshire |
Dr Frances Cranfield FRCGP |
|
| Cumbria |
Prof Veronica Wilkie FRCGP |
rom Nov 2021 |
| East Anglia |
Dr Fiona Leckie FRCGP |
until Feb 2021 |
|
Dr Alice Cozens MRCGP |
rom Feb 2021 |
| East of Scotland |
Dr David Shackles MRCGP |
until Feb 2021 |
|
Dr Munro Stewart MRCGP |
rom Feb 2021 |
| Essex |
Dr Sunil Gupta FRCGP |
|
| Humber and the Ridings |
Dr Thomas Patel-Campbell MRCGP |
|
| Leicester |
Dr Saqib Anwar FRCGP |
|
| Mersey |
Dr Andrew Spooner FRCGP |
until Nov 2021 |
|
DrJonathan Griffiths FRCGP |
rom Nov 2021 |
| Midland |
Brigadier Robin Simpson FRCGP |
|
| (with additional member |
Dr]amie Hynes FRCGP |
|
| >5%) |
|
|
| North & West London |
DrAndrew Dharman MRCGP |
|
| North East England |
Dr Sam Bethapudi FRCGP |
|
| North East London |
Dr SabirZaman MRCGP |
until Nov 2021 |
|
DrJanakan Crofton MRCGP |
rom Nov 2021 |
| North East Scotland |
Dr Alasdair Forbes FRCGP |
until Nov 2021 |
|
Dr Christopher Provan FRCGP |
rom Nov 2021 |
| North of Scotland |
Dr David Stephens FRCGP |
|
| North Wales |
Dr Sioned Enili MRCGP |
|
| North West England |
DrAlison Lea MRCGP |
Until Nov 2021 |
| (with additionalmember |
Dr NarveshwarSinha MRCGP |
|
| >5%) |
|
|
|
DrJane Wilcock FRCGP |
From Nov 2021 |
|
Dr Robert West MRCGP |
|
| Northern Ireland |
DrWaqarAhmed MRCGP |
|
| RoI |
Dr ide Delargy FRCGP |
|
| Severn |
Dr Steve Holmes FRCGP |
until Nov 2021 |
|
DrJill Wilson FRCGP |
rrom Nov 2021 |
| South East Scotland |
Dr Sian Tucker MRCGP |
|
| South EastThames |
Dr Kate Neden FRCGP |
|
| South East Wales |
Dr Rowena Christmas FRCGP |
until Nov 2021 |
|
Dr Isolde Shore-Nye MRCGP |
rom Nov 2021 |
| South London |
Dr David Mummery MRCGP |
|
| South WestThames |
DrJaspreet DhiIlon FRCGP |
|
| South WestWales |
Dr Mark Vaughan FRCGP |
until Nov 2021 |
| FOR THE YEAR ENDED |
31 MARCH 2022 |
|
|
Dr Will Mackintosh FRCGP |
rom Nov 2021 |
| South Yorkshire North |
DrJanet Hall FRCGP |
|
| trent |
|
|
| tamar |
Dr Susanna Hill FRCGP |
|
| thames Valley |
Dr Shamila Wanninayake MRCGP |
|
| /ale ofTrent |
Dr Carter Singh MBE FRCGP |
|
| Iessex |
ProfJohnny Lyon-Mans FRCGP |
|
| West of Scotland |
Dr Paul Ryan FRCGP |
until Nov 2021 |
|
DrTrudy Foster MRCGP |
rom Nov 2021 |
| orkshire |
Dr Gwyn Elias MRCGP |
|
| Chairs of Networks |
|
|
| Network |
Post-holder |
Dates |
| \iT Network |
Dr Sophie Lumley AiT and Dr |
Until Nov 2021 |
|
dam Thomas AiT (Job Share) |
|
|
DrJulia Darko AlT and Dr Harry |
From Nov 2021 |
|
Nilliams AiT (Job Share) |
|
| First 5 Network |
Dr Ian Wood MRCGP |
Until Nov 2021 |
|
Dr Emma Wong MRCGP |
From Nov 2021 |
| Byelaw40 members |
|
|
| Position |
Post-holder |
Dates |
Chair
- Trustee Board |
Prof Nigel Mathers MBE FRCGP |
Until June 2021 |
|
DrJohn Chisholm CBE FRCGP |
rom June 2021 |
|
|
:0 April 2022 |
| Council Trustee |
Prof Simon Gregory MBE FRCGP |
|
| Council Trustee |
Prof Kamila Hawthorne OBE FRCGP |
|
Thair
- Committee on Medical |
DrAndrew Papanikitas FRCGP |
|
| Ethics |
|
|
| Stakeholder Group |
Post-holder |
Dates |
| llied Health Professionals |
Mrs Jenny Aston FRCGP (Hon) |
|
| SocietyforAcademic Primary |
Prof Carolyn Chew-Graham FRCGP |
|
| Care (SAPC) |
|
|
| RCGP Chief Examiner |
Dr MeiLing Denney FRCGP |
until June 2021 |
|
Prof Richard Withnall FRCGP |
:rom June 2021 |
| British Medical Association |
DrAlan Dow FRCGP |
Until Nov 2021 |
| General Practitioners |
|
|
| Committee (BMA GPC) |
DrTim Morton FRCGP |
Until Nov 2021 |
|
Dr Peter Holden FRCGP |
From Nov 2021 |
|
DrVenothan Sun MRCGP |
From Nov 2021 |
| RCGP Observerto BMA GPC |
Dr Frances Cranfield FRCGP |
until Sept 2021 |
|
Dr Saqib Anwar FRCGP |
:rom Feb 2022 |
| British International Doctors |
Dr Chandra Kanneganti FRCGP and Dr |
|
| \ssociation (BIDA) |
Sanjiv Sinha MRCGP (Job Share) |
|
| Editor ofthe British Journal of |
Dr Euan Lawson FRCGP |
|
| General Practice (BJGP) |
|
|
| Deputy Editor ofthe BJGP |
DrAndrew Papanikitas FRCGP |
:rom Dec 2021 |
| Committee of General Practice |
Ning Commander Dr Dudley Graham |
Until Nov 2021 |
| Education Directors |
FRCGP |
|
| COGPED) |
|
|
|
ProfAmjad Khan FRCGP |
From Nov 2021 |
| rmed Forces |
Colonel Prof Michael Smith FRCGP |
|
| RCGP PCPG |
Owen Richards |
From Nov 2018 |
| Chief OperatingOfficer |
Dr Valerie Vaughan-Dick MBE PhD |
| Executive Director of Policy and Engagement |
MarkThomas |
| Executive Director of Professional Training and |
Fiona Erasmus |
| Standards |
|
| Executive |
Director |
of Planning and Resources |
HarrietJones |
| Executive |
Director |
Membership Developmentand |
Ben Clacy |
| Education |
|
|
|
ROYAL COLLEGE OF GENERAL PRACTITIONERS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROYAL COLLEGE OF GENERAL PRACTITIONERS FOR THE YEAR ENDED 31 MARCH 2022
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROYAL COLLEGE OF GENERAL PRACTITIONERS FOR THE YEAR ENDED 31 MARCH 2022
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROYAL COLLEGE OF GENERAL PRACTITIONERS FOR THE YEAR ENDED 31 MARCH 2022
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROYAL COLLEGE OF GENERAL PRACTITIONERS FOR THE YEAR ENDED 31 MARCH 2022
Date: 24th August 2022
|
|
Unrestricted |
Restricted |
|
|
|
|
Funds |
Funds |
Total |
2021 |
|
Note |
£000 |
£000 |
£‘oOo |
£000 |
| Income from: |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Project income |
|
3,899 |
628 |
4,527 |
5,318 |
| Examination fees |
|
7,040 |
- |
7040 |
6,515 |
| Membership income |
|
20,571 |
- |
20,571 |
19,869 |
| Courses & events |
|
753 |
12 |
765 |
813 |
| Other income |
|
711 |
70 |
781 |
1392 |
| Othertrading activities |
|
|
|
|
|
| Trading income from subsidiaries |
|
6,012 |
- |
6,012 |
2,638 |
| Investment income |
|
102 |
- |
102 |
39 |
| Total income |
|
39.088
. |
710 |
39,798 |
36,584 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
|
|
|
|
|
| Trading expenditure |
|
4,055 |
- |
4,055 |
2,280 |
| Investment management fees |
|
62 |
- |
62 |
80 |
|
|
4,117 |
- |
4,117 |
2,360 |
| Charitable activities |
|
|
|
|
|
| Future of general practice |
|
3,231 |
148 |
3,379 |
4,193 |
| GP education |
|
10,102 |
426 |
10,528 |
10,599 |
| Supporting membership |
|
9,179 |
213 |
9,392 |
9,537 |
| Voice of General Practice |
|
7,764 |
2 |
7,766 |
8,122 |
|
|
30,276 |
789 |
31,065 |
32,451 |
| Total expenditure |
20 |
34,393 |
789 |
35,182 |
34,811 |
| Net income / (expenditure) before gains |
|
4,695 |
(79) |
4,616 |
1,773 |
| Net gains on investments |
25 |
1,610 |
|
1,610 |
930 |
| Net gains on disposal of fixed assets |
|
|
|
- |
832 |
| Net income I (expenditure) |
|
6,305 |
(79) |
- 6,226 |
3,535 |
| Transfers between funds |
31,32 |
288 |
(288) |
|
|
| Actuarial gains/(losses) |
34 |
3,190 |
|
3,190 |
(381) |
| Net movement in funds |
|
9,783 |
(367) |
9,416 |
3,154 |
| Balances at 1 April 2021 |
|
53,877 |
1,469 |
55,346 |
52,192 |
| Balances at 31 March 2022 |
|
63,660 |
1,102 |
64,762 |
55,346 |
| AS AT 31 MAR |
C |
H 2022 |
|
|
|
|
|
|
|
|
|
College |
College |
Group |
Group |
|
|
|
Note |
2022 |
2021 |
2022 |
2021 |
|
|
|
|
£000 |
£000 |
£000 |
£000 |
| FIXED ASSETS |
|
|
|
|
|
|
|
| Tangible assets |
|
|
24 |
65,422 |
67,499 |
65,422 |
67,499 |
| Investments |
|
|
25 |
13,397 |
11,862 |
13,397 |
11,862 |
|
|
|
|
78,819 |
79,361 |
78,819 |
79,361 |
| CURRENT ASSETS |
|
|
|
|
|
|
|
| Stocks |
|
|
|
10 |
11 |
48 |
44 |
| Debtors |
|
|
26 |
4,182 |
2,472 |
4,415 |
2,871 |
Cash
at
bank
and |
in |
hand |
27 |
12,370 |
7,834 |
14,141 |
9,445 |
|
|
|
|
16,562 |
10,317 |
18,604 |
12,360 |
| CREDITORS: |
|
|
|
|
|
|
|
| amounts falling due within one year |
|
|
28 |
(14,638) |
(11,722) |
(16,680) |
(13,765) |
| NET CURRENT ASSETSI(LIABILITIES) |
|
|
|
1,924 |
(1,405) |
1,924 |
(1,405) |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
80,743 |
77,956 |
80,744 |
77,956 |
| CREDITORS: |
|
|
|
|
|
|
|
| amounts falling due afterone year |
|
|
29 |
(15,830) |
(18,364) |
(15,830) |
(18,364) |
| NET ASSETS EXCLUDING PENSION |
|
|
|
|
|
|
|
| LIABILITY |
|
|
|
64,913 |
59,592 |
64,913 |
59,592 |
| Defined benefit pension scheme liability |
|
|
34 |
(151) |
(4,246) |
(151) |
(4,246) |
| NET ASSETS INCLUDING PENSION |
|
|
|
|
|
|
|
| LIABILITY |
|
|
|
64,762 |
55,346 |
64,762 |
55,346 |
| Represented by: |
|
|
|
|
|
|
|
| Unrestricted funds |
|
|
|
10,357 |
5,618 |
10,357 |
5,618 |
| Designated funds |
|
|
31 |
53,454 |
52,505 |
53,454 |
52,505 |
| Pension deficit |
|
|
34 |
(151) |
(4,246) |
(151) |
(4,246) |
| General funds |
|
|
|
63,660 |
53,877 |
63,660 |
53,677 |
| Restricted funds |
|
|
32 |
1,102 |
1,469 |
1,102 |
1,469 |
| FUNDS |
|
|
|
64,762 |
55,346 |
64,762 |
55,346 |
| Cash flow statement |
2022 |
2021 |
|
£000 |
£‘OOO |
| Net cash inflow from operating activities |
10,026 |
4,996 |
| Returns on investments and servicing offinance: |
|
|
| Interest received |
|
2 |
| Dividends received |
102 |
37 |
| Net cash inflow from returns on investments |
102 |
39 |
| Payments to acquire tangible fixed assets |
(882) |
(766) |
| Proceeds from disposal offixed assets |
|
1,565 |
| Purchase of investments |
(1,062) |
(9,276) |
| Proceeds from disposal of investments |
1,062 |
8,747 |
| Net cash outflow from investing activities |
(882) |
270 |
| Pension deficit repayments |
(980) |
(980) |
| Capital repayment ofsecured loan |
(1,900) |
(533) |
| Interest payable on secured loan |
(473) |
(552) |
| Revaluation of investment property |
(1,185) |
711 |
| Interest rate swap liability |
(13) |
(126) |
| Net cash outflow from financing activities |
(4,551) |
(1,480) |
| Cash inflow! (outflow) before use of liquid resources |
4,695 |
3,825 |
| Decrease in shortterm deposits |
- |
443 |
| Increase I Decrease in cash |
4,695 |
4,268 |
| Reconciliation of incoming resources to operational cashflow |
|
|
|
2022 |
2021 |
|
£000 |
£000 |
| Net incoming! (outgoing) resources |
6,226 |
3,537 |
| Adjustment for investments |
(351) |
(1,516) |
| Adjustment for pension |
75 |
118 |
| Gains on disposal offixed assets |
|
(832) |
| Depreciation |
2,959 |
2,595 |
| Interest payable on secured loan |
473 |
552 |
| Investment income and bank interest receivable |
(102) |
(39) |
| Decrease in stock |
(4) |
8 |
| Decrease in debtors |
(1,544) |
482 |
| Increase! (Decrease) in creditors |
2,294 |
91 |
| Net cash inflow from operating activities |
10,026 |
4,996 |
| Reconciliation of movement in net debt |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Increase/(Decrease) in cash |
4,695 |
4,268 |
| Cash outflow from bank loan |
1
,900 |
534 |
| Movement in net debt in the period |
6,595 |
4,802 |
| Net debt at 1 April 2021 |
(10,817) |
(15,619) |
| Net debt at 31 March 2022 |
(4,222) |
(10,817) |
| Analysis of netdebt |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Cash held by investment managers (note 25) |
|
|
| Cash at bank and in hand (note 27) |
14,141 |
9,445 |
|
14,141 |
9,445 |
| Bank loan due within one year (note 28) |
(2,533) |
(1,898) |
| Bank loan due afterone year (note 29) |
(15,830) |
(18,364) |
| Net debt at 31 March 2022 |
(4,222) |
(10,817) |
|
|
|
Total |
Total |
|
Direct costs |
Supportcosts |
2022 |
2021 |
|
£000 |
£000 |
£000 |
£000 |
| Costofgenerating funds |
|
|
|
|
| Fundraising costs |
|
- |
- |
- |
| Commercial expenditure |
4,055 |
- |
4,055 |
2,280 |
| Investment management |
62 |
- |
62 |
80 |
| Charitable expenditure |
|
|
|
|
| Future ofgeneral practice |
2,617 |
762 |
3,379 |
4,193 |
| GP education |
6,754 |
3,774 |
10,528 |
10,599 |
| Supporting membership |
4,521 |
4,871 |
9,392 |
9,537 |
| Voice of General Practice |
4,331 |
3,435 |
7,766 |
8,122 |
| Total |
22,340 |
12,842 |
35,182 |
34,811 |
| Support costs |
2022 |
2021 |
|
£‘OOO |
£000 |
| Finance & procurement |
1,734 |
1,401 |
| Property costs (including depreciation) |
5,334 |
5,611 |
| Faculty & devolved council support |
208 |
628 |
| IT costs |
4,854 |
4,384 |
| HR (including pension costs) |
608 |
998 |
| Governance |
103 |
155 |
|
12,841 |
13,177 |
|
2022 |
2021 |
|
£‘OOO |
£000 |
| Wages and salaries |
9,410 |
10,431 |
| Social security costs |
972 |
1,073 |
| Childcare Vouchers |
19 |
22 |
| Group personal pension plan costs |
1,251 |
1,303 |
|
11,652 |
12,829 |
|
2022 |
2021 |
| Cost ofgenerating funds, charitable activities and governance |
209 |
222 |
| Support function |
41 |
47 |
| Total |
250 |
269 |
| year end the number ofemployees wh |
ose emoluments exceeded £ |
60k was |
£60,001
- £70,000 |
19 |
19 |
| £70,001 -80,000 |
5 |
9 |
| £80,001 -90,000 |
2 |
1 |
| £100,001 -110,000 |
2 |
2 |
| £110,001 -120,000 |
1 |
|
| £160,001 -£170,000 |
1 |
|
|
30 |
33 |
|
|
|
2022 |
2021 |
|
|
|
£‘OOO |
£000 |
| Locum |
fees |
|
77 |
141 |
| Travel |
and |
subsistence |
6 |
5 |
|
|
|
83 |
146 |
|
|
Furniture |
Computerand |
Revalidation
system |
College and
Group |
|
Freehold
proDerties |
and
eauipment |
network
systems |
and website |
Total |
| Cost (€‘OOO) |
|
|
|
|
|
| At 1st April 2021 |
71,232 |
2,981 |
7,725 |
960 |
82,898 |
| Additions |
110 |
342 |
429 |
- |
882 |
| At 31st March 2022 |
71,342 |
3323 |
8,154 |
960 |
83,780 |
| Depreciation (‘000) |
|
|
|
|
|
| At 1st April 2021 |
9,756 |
1,632 |
3,901 |
110 |
15,399 |
| Charge forthe year |
1,200 |
474 |
1,093 |
192 |
2,959 |
| Disposals |
|
|
|
|
|
| At 31st Match 2022 |
10,956 |
2,106 |
4,994 |
302 |
18,358 |
| Net book values |
|
|
|
|
|
| (000) |
|
|
|
|
|
| At 31st March 2022 |
60,386 |
1,217 |
3,160 |
658 |
65,422 |
| At 31st March 2021 |
61,476 |
1,349 |
3,824 |
850 |
67,499 |
|
|
|
|
|
|
|
| 25. Investments |
|
College |
|
|
Group |
|
|
2022 |
|
2021 |
2022 |
|
2021 |
|
£‘OOO |
|
£000 |
£000 |
|
£000 |
| Listed investments |
|
|
|
|
|
|
| Market value at 1 April 2021 |
9,002 |
|
6,958 |
9,002 |
|
6,958 |
| Additions at cost |
1,062 |
|
9,275 |
1,062 |
|
9,275 |
| Disposals at opening market value |
(1,062) |
|
(8,747) |
(1,062) |
|
(8,747) |
| Realised gains on disposal |
282 |
|
1,046 |
282 |
|
1046 |
| Net unrealised investment gains |
69 |
|
470 |
69 |
|
470 |
| Market value at 31 March 2022 |
9,353 |
|
9,002 |
9,353 |
|
9002 |
| Investment property |
4,044 |
|
2,860 |
4,044 |
|
2,860 |
| Total |
13,397 |
|
11,862 |
13,397 |
|
11,862 |
|
|
|
|
|
RCGP |
|
|
RCGP Enterprises Ltd |
|
RCGP Conferences Ltd |
|
International Ltd |
|
|
2022 |
2021 |
2022 |
2021 |
2022 |
2021 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
| Turnover |
4,060 |
1,260 |
2,028 |
1,336 |
46 |
43 |
| Cost ofsales |
(3,380) |
(1,027) |
(1,440) |
(1,073) |
(30) |
(34) |
| Gross profit |
680 |
233 |
588 |
263 |
16 |
9 |
| Administrative expenses |
(27) |
(22) |
|
|
3 |
|
| Operating profit |
653 |
211 |
533 |
140 |
13 |
9 |
| Gift aid to parent |
(653) |
(211) |
(533) |
(140) |
22 |
|
| Net profit foryear |
- |
- |
- |
- |
(9) |
9 |
| Assets |
1,787 |
1,716 |
1,783 |
718 |
82 |
82 |
| Liabilities |
(1,787) |
1,716 |
(1,783) |
(718) |
(82) |
(73) |
| Net assets |
- |
- |
- |
- |
- |
9 |
|
|
College |
|
Group |
|
|
2022 |
|
2021 |
2022 |
2021 |
|
£000 |
|
£000 |
£000 |
£000 |
| Trade debtors |
1,839 |
|
1,506 |
2,794 |
1881 |
| Other debtors |
|
|
36 |
42 |
57 |
| Accrued income |
162 |
|
43 |
990 |
506 |
| Amount due from RCGP Conferences Limited |
888 |
|
205 |
- |
- |
| Amount due from RCGP Enterprises Limited |
642 |
|
212 |
- |
- |
| Amount due from RCGP International Limited |
64 |
|
43 |
- |
- |
| Prepayments |
587 |
|
427 |
589 |
427 |
|
4,182 |
|
2,472 |
4,415 |
2,871 |
|
College |
|
Group |
|
|
2022 |
2021 |
2022 |
2021 |
|
£000 |
£000 |
£000 |
£000 |
| Current accounts |
11,591 |
6,894 |
13,362 |
8,505 |
| Faculties’ currentand deposit accounts |
779 |
940 |
779 |
940 |
|
12,370 |
7,834 |
14,141 |
9,445 |
|
College |
|
Group |
|
|
2022 |
2021 |
2022 |
2021 |
|
£000 |
£000 |
£000 |
£000 |
| Trade creditors |
1,320 |
1,430 |
1,432 |
1,551 |
| Income received in advance |
5,534 |
3,602 |
6,677 |
4,829 |
| Accruals |
3,832 |
2,410 |
4,629 |
2,767 |
| Taxation and social security |
682 |
426 |
672 |
764 |
| Barclays Loan due within one year |
2,533 |
1.900 |
2,533 |
1,900 |
| Other creditors |
275 |
1,479 |
275 |
1,479 |
| Interest rate swap |
462 |
475 |
462 |
475 |
|
14,638 |
11,722 |
16,680 |
13,765 |
Reconciliation of deferred
income |
|
|
|
|
|
College |
|
Group |
|
|
2022 |
2021 |
2022 |
2021 |
|
£‘OOO |
£000 |
£000 |
£000 |
| Balance brought forward |
3,602 |
4,060 |
4,829 |
5,634 |
| Released to SoFA |
(3,602) |
(4,060) |
(4,829) |
(5,634) |
| Deferred in year |
5,534 |
3,602 |
6,677 |
4,829 |
| Balance carried forward |
5,534 |
3,602 |
6,677 |
4,829 |
|
|
|
|
college |
|
Group |
|
|
|
|
|
2022 |
2021 |
2022 |
2021 |
|
|
|
|
£000 |
£000 |
£000 |
£000 |
| Bank |
loan |
due |
between 2 & 5 |
|
|
|
|
| years |
|
|
|
10,133 |
10,133 |
10,133 |
10,133 |
| Bank |
Loan |
due |
after 5 years |
5,697 |
8,231 |
5,697 |
8.231 |
|
|
|
|
15,830 |
18,364 |
15,830 |
18,364 |
|
|
|
|
College |
|
Group |
|
|
|
|
|
2022 |
2021 |
2022 |
2021 |
|
|
|
|
£‘OOO |
£000 |
£‘OOO |
£‘OOO |
| Operating |
lease |
due |
within 1 year |
212 |
170 |
212 |
170 |
| Operating |
lease |
due |
within 2 to 5 |
|
|
|
|
| years |
|
|
|
498 |
180 |
498 |
180 |
| Operating |
lease |
due |
over 5 years |
371 |
- |
371 |
- |
|
|
|
|
1,081 |
350 |
1,081 |
350 |
| 31. General and designat |
ed funds |
|
|
|
|
|
|
|
|
|
Realised and |
|
|
|
At 1 April |
|
|
unrealised |
|
At 31 March |
|
2021 |
Income |
Expenditure |
gains/floss) Transfers |
|
2022 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
| International |
122 |
- |
(16) |
- |
(9) |
97 |
| Education |
165 |
- |
(38) |
- |
(39) |
88 |
| Special measures & other projects |
487 |
- |
(2) |
- |
(199) |
286 |
| Research Projects |
1,636 |
- |
(1,248) |
- |
1,491 |
1,879 |
| Fixed Assets Designated Fund |
50,095 |
- |
- |
1,186 |
f 177) |
51,104 |
| Total Designated Funds |
52,505 |
- |
(1,304) |
1,186 |
1,067 |
53,454 |
| General funds |
5,618 |
39,088 |
(33,015) |
425 |
(1,759) |
10,357 |
| Pension funds |
(4,246) |
- |
(75) |
3,190 |
980 |
(151) |
| Total Unrestricted funds |
53,877 |
39,088 |
(34,394) |
4,801 |
288 |
63,660 |
| 32. Restricted funds |
|
|
|
|
|
|
|
|
|
|
Realised |
|
|
|
At1 |
|
|
and |
|
At31 |
|
April |
|
|
Unrealised |
|
March |
|
2021 |
Income |
Expense |
gains/(loss) |
Transfers |
2022 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£‘OOO |
| Kuenssberg Prize |
110 |
- |
- |
- |
- |
109 |
| Other secretariatfunds |
53 |
- |
(2) |
- |
1 |
52 |
| Other international funds |
135 |
1 |
- |
- |
(11) |
125 |
| OLE & educational |
411 |
439 |
(536) |
- |
(174) |
141 |
| Research Projects |
214 |
31 |
(37) |
- |
(87) |
121 |
| Other Scottish Funds |
189 |
239 |
(213) |
- |
- |
215 |
| Welsh funds |
48 |
- |
|
- |
(23) |
25 |
| Faculties funds |
309 |
- |
(1) |
- |
6 |
314 |
| Total Restricted Funds |
1,469 |
710 |
(789) |
- |
(288) |
1,102 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
2022 |
|
£000 |
£000 |
£000 |
| Tangible fixed assets |
65,422 |
- |
65,422 |
| Investments |
12,295 |
1,102 |
13,397 |
| Net current assets |
1,924 |
- |
1,924 |
| Amounts falling due after one year |
(15,830) |
- |
(15,830) |
| Net assets excluding pension liability |
63,811 |
1,102 |
64,913 |
| Pension liability |
(151) |
— |
(151) |
| Net assets including pension liability |
63,660 |
1,102 |
64,762 |
| used by the actuary were: |
|
|
|
|
|
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
0
/0 |
0
/0 |
% |
% |
% |
| Rate of increase in salaries |
3.05 |
2.65 |
2.05 |
2.45 |
2.30 |
| LPI pension increases (based on RPI subject to a maximum of |
3.65 |
3.30 |
2.80 |
3.45 |
3.30 |
| 5% p.a.) |
|
|
|
|
|
| Discount rate |
2.75 |
2.00 |
2.30 |
2.45 |
2.60 |
| RPI Inflation assumption |
3.85 |
3.45 |
2.85 |
3.45 |
3.30 |
| ci Inflation assumption |
3.05 |
2.65 |
2.05 |
2.45 |
2.30 |
|
Value at |
|
|
|
Value at |
|
|
31 March |
|
|
|
31 March |
|
|
2022 |
|
|
|
2021 |
|
|
£000 |
|
% |
|
£000 |
% |
| Equity and property |
9,521 |
|
|
31 |
13,418 |
45 |
| GARS & LDI Funds |
20,886 |
|
|
68 |
16,102 |
54 |
| Cash |
307 |
|
|
1 |
298 |
|
|
|
|
|
100 |
|
100 |
| Total market value ofassets |
30,714 |
|
|
|
29,818 |
|
| Present Value of Scheme |
|
|
|
|
|
|
| Liabilities |
(30,865) |
|
|
|
(34,064) |
|
| Net Pension Liability |
(151) |
|
|
|
(4,246) |
|
|
2022 |
2021 |
|
|
|
|
|
£000 |
£000 |
|
|
|
|
| Movement in deficit during year |
|
|
|
|
|
|
| Deficit at 1 April |
(4,246) |
(4,727) |
|
|
|
|
| Contributions |
980 |
980 |
|
|
|
|
| Otherfinance costs |
(75) |
(118) |
|
|
|
|
| Actuarial gain/(loss) |
3,190 |
(381) |
|
|
|
|
| Surplus/fDeficit) at 31 March |
(151) |
(4,246) |
|
|
|
|
| 34. Pension commitments (continued) |
|
|
|
2022 |
2021 |
|
£‘OOO |
£000 |
| Analysis of amount charged to Statement of Financial Activities |
|
|
| Other finance cost |
(75) |
(118) |
| Total operating charge |
(75) |
(118) |
| Analysis of net return on pension scheme |
|
|
| Expected return on pension scheme assets |
750 |
837 |
| Interest on pension liabilities |
(675) |
(719) |
| Net return |
75 |
118 |
| Actual return on Scheme assets |
523 |
2,756 |
| Amounts recognised as Pension Scheme gains and losses |
|
|
| Actual return less expected return on pension scheme assets |
(77) |
2,134 |
| Experience gains and losses arising on scheme liabilities |
(169) |
569 |
| Change in financial and demographic assumptions underlying scheme |
|
|
| assets |
3,436 |
(3,084) |
| Actuarial gain/(loss) recognised in the Statement of Financial Activities |
3,190 |
f381) |
|
2022 |
2021 |
|
£‘OOO |
£000 |
| Cumulative amount ofactuarial gains and losses recognised for the year |
|
|
| ending 31 March 2022 are as follows: |
|
|
| Cumulative actuarial (loss) at beginning ofthe period |
(12,409) |
(12,028) |
| Recognised during the period |
3,190 |
(381) |
| Cumulative actuarial (loss) atend ofthe period |
(9,219) |
(12,409) |
Movement in (deficit) during the year ending 31 March 2022 are as
follows: |
|
|
| (Deficit) in Scheme at the beginning ofyear |
(4,246) |
(4,727) |
| Expenses recognised in profit and loss |
(75) |
(118) |
| Contribution paid by the College |
980 |
980 |
| Actuarial gain |
3,190 |
(381) |
| (Deficit) in Scheme at the end ofthe year |
(151) |
(4,246) |
| Changes in the present values ofthe Scheme liabilities forthe year ending |
|
|
| 31 March 2022 are as follows: |
|
|
| Present value of Scheme liabilities atthe beginning of period |
34,064 |
31,727 |
| Interest cost |
675 |
719 |
| Actuarial losses/(gains) |
(3,267) |
2,515 |
| (Gains)/Losses on plan changes |
- |
21 |
| Benefits paid |
(607) |
(918) |
| Present value ofScheme liabilities at end of period |
30,865 |
34,064 |
| Changes in the present values ofthe Scheme assets for the year ending |
|
|
| 31 March 2022 are as follows: |
|
|
| Market Value of Scheme assets at the beginning of period |
29,818 |
27,000 |
| Expected return |
600 |
622 |
| Actuarial gains |
2,134 |
2,134 |
| Benefits paid |
(77) |
(918) |
| Contributions paid by the College |
980 |
980 |
| Market value of Scheme assets at the end of period |
30,714 |
29,818 |
|
|
Unrestricted |
Restricted |
2021 |
|
|
Funds |
Funds |
Total |
|
Note |
£000 |
£000 |
£‘OOO |
| Income from: |
|
|
|
|
| Charitable activities |
|
|
|
|
| Project income |
|
4,448 |
870 |
5,318 |
| Examination fees |
|
6,515 |
- |
6,515 |
| Membership income |
|
19,869 |
- |
19,869 |
| Courses&events |
|
809 |
4 |
813 |
| Otherincome |
|
1,392 |
- |
1,392 |
| Othertrading activities |
|
|
|
|
| Trading income from subsidiaries |
|
2,638 |
- |
2,638 |
| Investment income |
|
38 |
1 |
39 |
| Total income |
|
35,709 |
875 |
36,584 |
| Expenditure on: |
|
|
|
|
| Raising funds |
|
|
|
|
| Fundraising costs |
|
- |
- |
- |
| Trading expenditure |
|
2,280 |
- |
2,280 |
| Investment managementfees |
|
62 |
18 |
80 |
|
|
2,342 |
18 |
2,360 |
| Charitable activities |
|
|
|
|
| Future ofgeneral practice |
|
4,133 |
60 |
4,193 |
| GP education |
|
10,109 |
490 |
10,599 |
| Supporting membership |
|
9,367 |
170 |
9,537 |
| Voice of General Practice |
|
8,120 |
2 |
8,122 |
|
|
31,729 |
722 |
32,451 |
| Total expenditure |
20 |
34,071 |
740 |
34,811 |
| Net income! (expenditure) before gains |
|
1,638 |
135 |
1,773 |
| Net gains on investments |
25 |
907 |
23 |
930 |
| Net gains on disposal offixed assets |
|
832 |
- |
832 |
| Net income I(expenditure) |
|
3,377 |
158 |
3,535 |
| Transfers between funds |
32, 33 |
192 |
(192) |
- |
| Actuarial gains |
34 |
(381) |
- |
(381) |
| Net movement in funds |
|
3,188 |
(34) |
3,154 |
| Balances at 1 April 2020 |
|
50,689 |
1,503 |
52,192 |
| Balances at 31 March 2021 |
|
53,877 |
1,469 |
55,346 |
| 36. Restricted funds |
|
|
|
|
|
|
|
|
|
|
Realised and |
|
|
|
|
|
|
|
|
At 31 |
|
At 1 April |
|
|
Unrealised |
|
March |
|
2020 |
Income |
Expense |
gains/(loss) |
Transfers |
2021 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£‘OOO |
| Kuenssberg Prize |
96 |
|
|
14 |
|
110 |
| Othersecretariatfunds |
55 |
- |
(2) |
|
|
53 |
| Other international funds |
151 |
16 |
(42) |
10 |
|
135 |
| OLE & educational |
338 |
521 |
(496) |
- |
48 |
411 |
| CIRC Projects |
406 |
90 |
(54) |
- |
(228) |
214 |
| Scientific Foundation Board |
16 |
- |
(16) |
- |
|
|
| OtherScottish Funds |
72 |
238 |
(121) |
- |
|
189 |
| Welsh funds |
46 |
9 |
(8) |
- |
|
47 |
| Faculties funds |
321 |
- |
- |
- |
(12) |
309 |
| Total Restricted Funds |
1,501 |
874 |
(739) |
24 |
(192) |
1,468 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
2021 |
|
£000 |
£000 |
£000 |
| Tangible fixed assets |
67,499 |
|
67,499 |
| Investments |
10,393 |
1,469 |
11,862 |
| Net current liabilities |
(1,405) |
- |
(1,405) |
| Amounts falling due afterone year |
(18,364) |
- |
(18,364) |
| Net assets excluding pension liability |
58,123 |
1,469 |
59,592 |
| Pension liability |
(4,246) |
- |
(4,246) |
| Net assets including pension liability |
53,877 |
1,469 |
55,346 |
| 38. General and designate |
d funds |
|
|
|
|
|
|
|
|
|
Realised and |
|
|
|
At 1 April |
|
|
unrealised |
|
At 31 March |
|
2020 |
Income |
Expenditure |
gains/(loss) |
Transfers |
2021 |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
| International |
145 |
- |
(20) |
- |
(3) |
122 |
| Education |
167 |
- |
(244) |
|
242 |
165 |
| Special measures & other projects |
322 |
- |
(176) |
|
341 |
487 |
| CIRC Projects |
1,398 |
- |
(1,603) |
|
1,841 |
1,636 |
| Fixed Assets Designated Fund |
45,559 |
|
|
|
4,536 |
50,095 |
| Total Designated Funds |
47,591 |
- |
(2,043) |
- |
6,957 |
52,505 |
| General funds |
7,824 |
35,008 |
(30,375) |
907 |
(7,746) |
5,618 |
| Pension funds |
(4,727) |
- |
(118) |
(381) |
980 |
(4,246) |
| Total Unrestricted funds |
50,688 |
35,008 |
(32,536) |
526 |
191 |
53,877 |