| Pages | ||
|---|---|---|
| Charity Information | ||
| Report ofthe Directors | 2-4 | |
| Independent Auditors' |
Report | 5-8 |
| Consolidated Statement |
ofFinancial Activities | |
| Balance Sheet | 10 | |
| Notes to the Financial Statements | 11-19 |
| Unrestricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | ||||||
| 2022 | 2021 | ||||||
| Income: | Note | ||||||
| Charitable activities |
|||||||
| Education | 52,481 | 42,461 | |||||
| Members Subscriptions |
43,965 | 47,416 | |||||
| Publications | 6,066 | 6,472 | |||||
| Other trading activities |
4,000 | 10,000 | |||||
| Investments | 6,681 | 6,438 | |||||
| Total Income | 113,193 | 112,787 | |||||
| Expenditure: | |||||||
| Charitable activities |
|||||||
| Education | 67,775 | 77,245 | |||||
| Members Subscriptions |
47,611 | 41,688 | |||||
| Publications | 19,488 | 21,774 | |||||
| Total Expenditure | 134,874 | 140,707 | |||||
| Net Surplus/ (deficit) |
(21,681) | (27,920) | |||||
| Realised gain on investinent assets Unrealised (loss) /gain on investment |
assets | 16 16 |
20,567 ~33,843 |
46,031 | |||
| Total net investment | gain /(loss) | ~33,2783 | 44,837 | ||||
| Other gains/ (losses) | 17 | 263,099 | |||||
| Net movement in funds |
228,140 | 18,111 | |||||
| Reconciliation offunds: | |||||||
| Total funds brought | forward | 649,353 | 631,424 | ||||
| Total funds carried | forward | 20 | 877,493 | 6493353 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | K | |||
| Fixed Assets | ||||
| Tangible assets | 14 | 271,503 | 105,840 | |
| Intangible assets |
15 | |||
| Investments | 16 | 516,588 | 524,985 | |
| 788,091 | 630,825 | |||
| Current Assets | ||||
| Debtors | 18 | 9,868 | 12,923 | |
| Cash at bank | and in hand | 111,228 | 32,749 | |
| 121,096 | 45&672 | |||
| Liabilities | ||||
| Creditors falling due within one year |
19 | (31,694) | (27,144) | |
| Net Current | Assets | 89,402 | 18,528 | |
| Net Assets | 877&493 | 649,353 | ||
| Funds | ||||
| Unrestricted | funds | 20 | 877,493 | 649,353 |
| Total funds | 877,493 | 649,353 |
| Education | Income | Income | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| K | |||||||
| Distance/tutored | learning | 52,481 | 42,461 | ||||
| 52,481 | 42,461 | ||||||
| Membership | Subscriptions | Income | 2022 | 2021 | |||
| g | |||||||
| Members | 16,574 | 18,706 | |||||
| Sustaining | members | 27,391 | 28,710 | ||||
| 43,965 | 47,416 | ||||||
| Publications | Income | 2022 | 2021 | ||||
| Outsourced | publications | income | 3,806 | 5,023 | |||
| Other publications | income | 1,750 | 875 | ||||
| Diaries | 510 | 574 | |||||
| 6,066 | 6,472 |
| Other trading | activities | 2022 | 2021 | |
|---|---|---|---|---|
| Car park hire | 4,000 | 10,000 | ||
| Investment Income |
2022 | 2021 | ||
| Income from investments | 6,409 | 6,214 | ||
| Interest receivable | 272 | 224 | ||
| 6,681 | 6,438 | |||
| Education Expenditure |
2022 | 2021 | ||
| Direct costs: | ||||
| Examiners fees | 3,583 | 4, 145 | ||
| Research project | (740) | 1,505 | ||
| Other | 131 | |||
| AGM / Fundraising | 2,585 | |||
| Support costs: | ||||
| Salaries | 42,857 | 47,431 | ||
| Premises | 3,841 | 12,004 | ||
| General office | 2,061 | 3,176 | ||
| Repairs | 1,150 | 501 | ||
| Travel and hotel | 502 | 140 | ||
| Sundry | 4,228 | 2,302 | ||
| Auditor fees | 2,723 | 2,791 | ||
| Bookkeeping | 176 | |||
| Professional fees |
4,606 | 2,654 | ||
| Bank charges | 379 | 289 | ||
| 67,775 | 77,245 | |||
| Members Subscriptions |
Costs | 2022 | 2021 | |
| Support costs: | ||||
| Salaries | 32,727 | 27,668 | ||
| Premises | 2,933 | 7,002 | ||
| General office | 1,574 | 1,853 | ||
| Repairs | 878 | 292 | ||
| Travel and hotel | 384 | 82 | ||
| Sundry | 3,229 | 1,343 | ||
| Audit fees | 2,079 | 1,627 | ||
| Bookkeeping | 103 | |||
| Professional fees |
3,518 | 1,548 | ||
| Bank charges | 289 | 170 | ||
| 47,611 | 41,688 |
| 9. | Publication | Costs | Costs | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Direct costs: | ||||||
| Transactions | 6,661 | 10,697 | ||||
| IMF Bulletin | 874 | 498 | ||||
| Other publication | and exhibition | 8,552 | 4,624 | |||
| Support costs: | ||||||
| Salaries | 2,337 | 3,953 | ||||
| Premises | 210 | 1,000 | ||||
| General office | 112 | 265 | ||||
| Repairs | 63 | 42 | ||||
| Travel and hotel | 27 | 11 | ||||
| Sundry | 231 | 192 | ||||
| Audit fees | 149 | 232 | ||||
| Bookkeeping | 15 | |||||
| Professional | fees | 251 | 221 | |||
| Bank charges | 21 | 24 | ||||
| 19,488 | 21,774 | |||||
| lb. | Analysis oftotal Charitable | expenditure | 2022 | 2021 | ||
| Direct costs: | ||||||
| Examiners fees |
3,583 | 4,145 | ||||
| Research project | (740) | 1,505 | ||||
| Other | 131 | |||||
| AGM / Fundraising | 2,585 | |||||
| Transactions | 6,661 | 10,697 | ||||
| IMF Bulletin | 874 | 498 | ||||
| Other publication | and exhibition | 8,552 | 4,624 | |||
| 21,515 | 21,600 | |||||
| Support costs: | ||||||
| Salaries | 77,921 | 79,052 | ||||
| Premises | 6,984 | 20,006 | ||||
| General office | 3,748 | 5,294 | ||||
| Repairs | 2,091 | 835 | ||||
| Travel and hotel | 914 | 233 | ||||
| Sundiy | 7,688 | 3,837 | ||||
| Bookkeeping | 294 | |||||
| Professional | fees | 7,524 | 3,803 | |||
| Bank charges | 689 | 483 | ||||
| 107,559 | 113,837 | |||||
| Governance | costs: | |||||
| Audit fees | 4,950 | 4,650 | ||||
| Professional | fees | 850 | 620 | |||
| 5,800 | 5,270 | |||||
| 134,874 | 140,707 |
| Staff Costs and Numbers | 2022 | 2021 |
|---|---|---|
| g | ||
| Staff costs were as follows: | ||
| Salaries | 74,403 | 74,701 |
| Social security costs | 3,518 | 4,351 |
| 77,921 | 79,052 |
| Number | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Travel | 2022 —8 (2021 -4) | 7,507 | 2,175 | ||
| Net income for the year | 2022 | 2021 | |||
| g | |||||
| This is stated after charging: | |||||
| Depreciation | 3,521 | 2,556 | |||
| Profit in | disposal ofassets | 262,719 | |||
| Auditors' | remuneration | 4,950 | 4,650 | ||
| Foreign | exchange | (18) | 326 |
| Tangible Fixed Assets | Office | ||
| Equipment, | |||
| Freehold | Fixtures and | ||
| Property | Fittings | Total | |
| Cost/Valnation | |||
| At 1 July 2021 |
130,000 | 32,946 | 162,946 |
| Additions Disposals |
272,459 (130,000) |
2,065 ~24, 090 |
274,524 ~104,090 |
| At 30 June 2022 | 272,459 | 10,921 | 283,380 |
| Depreciation | |||
| At 1 July 2021 | 25,039 | 32,067 | 57,106 |
| Disposals | (25,039) | (23,711) | (48,750) |
| Charge for the year | 3,178 | 343 | 3,521 |
| At 30 June 2022 | 3,178 | 8,699 | 11,877 |
| Net BookValues | |||
| At 30 June 2022 | 269,281 | 2,222 | 271,503 |
| At 30 June 2021 | 104,961 | 879 | 105,840 |
| Copyright | |
|---|---|
| Total | |
| Cost/Valuation | |
| At 1 July 2021 |
8,000 |
| At 30 June 2022 | 8,000 |
| Depreciation | |
| At 1 July 2021 |
8,000 |
| Charge for the year | |
| At 30 June 2022 | 8,000 |
| Net BookValues | |
| At 30 June 2022 | |
| At 30 June 2021 |
| Fixed Asset | L | isted Inv | estments | ||
|---|---|---|---|---|---|
| Listed | |||||
| Investments | |||||
| Market value | at 1 July | 2021 | 524,985 | ||
| Additions | 219,809 | ||||
| Disposals | (206,288) | ||||
| investment | cash - movement | (8,640) | |||
| Net investment | gains/(losses) | ||||
| Realised gains Unrealised gains |
20,567 ~f33,845 |
||||
| Market value | at 30June 2022 | 516,588 | |||
| Historical cost at 30June 2022 | 492,174 | ||||
| Investments | at fair value compromise: | 2022 | 2021 | ||
| Securities | 451,352 | 451,100 | |||
| Cash within | investment | portfolio | 65,236 | 73,875 | |
| 516,588 | 524,985 |
| 17. | Other gains/ | (losses) for the | year | 2022 | 2021 |
|---|---|---|---|---|---|
| Profit on disposal offreehold | property | 263,099 | |||
| 263,099 | |||||
| 2022 | 2021 | ||||
| 18. | Debtors | ||||
| Trade debtors | 1,730 | ||||
| Other debtors | 5,566 | 3,495 | |||
| Prepayments | and accrued income | 4,302 | 7,698 | ||
| 9,868 | 12,923 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 19. | Creditors: Amounts | falling due within | one year | ||||
| Trade creditors | 700 | 13 | |||||
| Other taxes and social | security costs | 1,330 | 1,177 | ||||
| Accruals | and deferred | income | 29,604 | 25,954 | |||
| 31,694 | 27,144 | ||||||
| 20. | Analysis | ofNet Assets | between funds | ||||
| Tangible | Net | ||||||
| and | current | ||||||
| intangible | Investments | assets | Total | ||||
| fixed | |||||||
| assets | |||||||
| Unrestricted funds |
271,503 | 516,588 | 89,402 | 877,493 |
| 30June 2022 | 30June 2021 | |||
|---|---|---|---|---|
| Within | one | year | 689 | 689 |
| Within | two | to five years | 689 | 689 |
| 1,378 | 1,378 |