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|||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|
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|||||||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|||||
|---|---|---|---|
|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|
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||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||
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|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|
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|||||||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|