# 



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|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|





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||Current|Comparison|
|---|---|---|
||reporting year|reporting year|
||2021/22|2020/21|
|Emissionsfrom activitiesforwhich the|||
|company own or control including<br>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!<br>tCO2e|1217.80|713.94|
|Energy consumption used to calculate above<br>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)/<br>FIE|3 64|2 90|
|||GHG Conversion|GHG Conversion|
||Methodology|Factors for<br>Company|Factors for<br>Company|
|||Reporting|Reporting|



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|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<br>- until November 2021|||
|Dr CatherineTichler MRCGP|||
|Dame Prof Clare Gerada DBE PRCGP|||
|Dr Ginikachukwu llechukwu MRCGP|||
|Dr Holly Hardy FRCGP<br>- until November 2021|||
|Dr Hussain Gandhi MRCGP<br>- until November2021|||
|Dr lmran Rail FRCGP|||
|DrJohn Chisholm CBE FRCGP<br>- 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<br>- from November 2021|||
|Dr Tajvinder Grewal MRCGP<br>- from November 2021|||
|Prof Mike Holmes FRCGP<br>- from November2021|||
|Dr Mohana Ratnapalan MRCGP<br>- from November 2021|||
|Dr Victoria Tzoftziou-Brown ODE|FRCGP|- from November 2021|
|Dr Uwadiae lma-Edomwonyi MRCGP<br>- 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<br>- 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<br>- 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||||



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**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<br>.|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<br>at<br>bank<br>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<br>,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)|





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||||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<br>- £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|





## 

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||||2022|2021|
|---|---|---|---|---|
||||£‘OOO|£000|
|Locum|fees||77|141|
|Travel|and|subsistence|6|5|
||||83|146|



## 

|||Furniture|Computerand|Revalidation<br>system|College and<br>Group|
|---|---|---|---|---|---|
||Freehold<br>proDerties|and<br>eauipment|network<br>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|





## 

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||||||||
|---|---|---|---|---|---|---|
|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<br>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<br>/0|0<br>/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<br>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|