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||||Page|
|---|---|---|---|
|Legal and|Administrative|Information||
|Trustees'|Report||3 to 7|
|Auditors'|Report||8to11|
|Statement|of Financial Activities||12|
|Balance Sheet|||13|
|Statement|of Cash Flows||14|
|Notes to the Financial Statements|||15to 23|
##
||||the objects a|n|d powers|ofthe charitable
comp|
|---|---|---|---|---|---|---|
|Trustees|||||||
||||C Barlow|||Y Liu|
||||BFenech|||R M M Mirchandani|
||||B M Gibbs|||G Parry|
||||J Hill|||F E Rogerson|
||||K R Holland|||H SSagoo|
||||A Lamacraft|||A W M Somerville|
||||P A Lepper|||V Stewart|
||||M R Lester|||SWTurner|
||||D Goodhand|(appointed||7 July 21)|
|President|||SW Turner||||
|Secretary|||A Chesney||||
|Honorary||Treasurer|M R Lester||||
|Honorary||Secretary|F E Rogerson||||
|Company||Number|0'I157249||||
|Charity|Number||267026||||
|Registered||and|||||
|Principal|Office:||Silbury Court||||
||||406 Silbury Boulevard||||
||||Milton Keynes||||
||||MK9 2AF||||
|Auditors|||Rayner Essex||LLP||
||||Faulkner
House||||
||||Victoria Street||||
||||StAlbans||||
||||Herts AL1 3SE||||
|Solicitors|||Pictons Solicitors LLP||||
||||28 Dunstable||Road||
||||Luton||||
||||Bedfordshire|LU1 1DY|||
|Bankers|||Lloyds TSBPic||||
||||Knightsbridge||Branch||
||||9-13Brompton||Road||
||||London SW3||1DD||
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|OR THE YEAR ENDED 31STDECE|MBER 2021|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
||Notes|||F|E|
|Incoming
resources from:||||||
|Donations
& legacies:||||||
|Donations|||10,000|10,000||
|Legacies||9,334||9,334||
|Charitable
activities:||||||
|Subscriptions||485,214||485,214|477,331|
|Meetings||26,910||26,910|14,721|
|Publications||102,854||102,854|113,262|
|Education||333,807||333,807|309,183|
|Branch and Group Activities||||||
|Engineering
Division||16,607||16,607|16,285|
|Investments:||||||
|Investment
Income||6,841||6,841|11,241|
|Other:||||||
|Sundry
Income||2,627||2,627|4,560|
|Total incoming
resources||984,194|10,000|994,194|946,583|
|Resources expended||||||
|Costs ofgenerating
funds||279,633||279,633|287,252|
|Charitable
activities||680,659|2,350|683,009|613,760|
|Total resources
expended||960,292|2,350|962,642|901,012|
|Net incoming
resources before||||||
|other recognised
gains and losses||23,902|7,650|31,552|45,571|
|Other recognised
Gains and Losses||||||
|Net movement
in funds||23,902|7,650|31,552|45,571|
|Reconciliation
offunds||||||
|Fund Balances Brought Forward||1,600,481||1,600,481|1,554,910|
|Transfers between
funds||||||
|Fund balances carried forward||1,624,383|7,650|1,632,033|1,600,481|
##
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|||||Notes|2021|2020||
|---|---|---|---|---|---|---|---|
||||||E|||
|Fixed Assets||||||||
|Tangible assets|||||368,212||392,664|
|Current Assets||||||||
|Debtors|||||134,340|77,530||
|Cash at bank and|in hand||||1,362,450|1,310,458||
|Total Current Assets|||||1.496,790|1,387,988||
|Creditors: Amounts||Falling|Due|||||
|within
One Year||||10|(232,969)|(180,171)||
|Net Current Assets|||||1,263,821||1,207,817|
|Total Assets Less Current|||||1,632,033||1,600,481|
|Liabilities||||||||
|The Funds ofthe|Charity|||||||
|Reserves —unrestricted|||||1,624,383||1,600,481|
|Reserves - restricted|||||7,650|||
|Total Funds|||||1,632,033||1,600,481|
##
|||||||202%|2020|
|---|---|---|---|---|---|---|---|
|Cash flows from operating
activities||||||||
|Net income (expenditure)|for the year|||||31,552|45,571|
|Adjustments
for:||||||||
|Depreciation||||||89,178|74,074|
|Loss ofdisposal
of fixed assets||||||||
|Investment
income||||||(6,841)|(11,241)|
|(Increase)/reduction
in debtors||||||(56,810)|66,419|
|Increase/(reduction)
in creditors||||||52,798|(103,336)|
|Net cash provided/(used)||in operating|activities|||109,877|71,487|
|Cash flows from investing||activities||||||
|Purchase
oftangible
fixed|assets|||||(64,726)|(121,053)|
|Sale oftangible
fixed assets||||||||
|Investment
income||||||6,841|11,241|
|Net cash (used in) investing
activities||||||(57,885)|(109,812)|
|Net increase
/ (decrease)
equivalents|in|cash and cash||||51,992|(38,325)|
|Cash and cash equivalents
year||at the beginning||ofthe||1,310,458|1,348,783|
|Cash and cash equivalents||at the end ofthe||year||1,362,450|1,310,458|
|Cash and cash equivalents||is made up of the||||||
|following:||||||||
|Cash at bank and
in hand||||||1,362,450|1,310,458|
|Total||||||1,362,450|1,310,458|
|The notes on pages 15to 23||form part ofthese financial|||statements.|||
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|otal resou|rces|expended|||||||
|---|---|---|---|---|---|---|---|---|
||||Costs of|Conferences||Governance|2021Total|2020 Total|
||||generating|and|||Funds|Funds|
||||funds|Education|Other|||F.|
||||||E|E|||
|Costs directly allocated to activities|||||||||
|Meetings||||22,165|||22,165|19,976|
|Publications|||93,890||||93,890|90,150|
|Education||||90,858|||90,858|79,611|
|Branch and|Group Activities|||1,326|||1,326|2,014|
|Engineering|Division||||21,881||21,881|24,603|
|Subscriptions||||19,194|||19,194|21,510|
|Legal fees||||||5,068|5,068|1,006|
|Audit||||||8,500|8,500|8,500|
|Accountancy|&taxation|||||11,505|11,505|11,670|
|Marketing
expenses|||79,654||||79,654|99,127|
|Bad debts||||9,203|||9,203||
||||173,544|142,746|21,881|25,073|363,244|358,167|
|Support costs allocated to activities|||||||||
|Staff costs|||64,771|129,543|12,954|51,164|258,432|246,669|
|Rent, rates and service charge|||11,980|29,950|2,994|14,976|59,900|53,570|
|Light, heat and insurance|||1,505|3,760|376|1,879|7,520|6,486|
|Hire of equipment||||11,122|||11,122|11,394|
|Computer fees|||6, 'I 09|48,878||6,109|61,096|42,311|
|Printing,
stationery||8 duplicating|287|2,302||287|2,876|3,203|
|Postage
(including||Bulletin)|502|4,015||502|5,019|4,093|
|Telephone|||774|6,967|||7,741|5,440|
|Committee
and management|||||||||
|expenses|||1,606|8,774||24,087|34,467|30,386|
|Sundry expenses|||393|969|96|480|1,938|1,070|
|Bank and credit card charges|||2,624|6,122|||8,746|9,631|
|Depreciation|||8,917|71,344||8,917|89,178|74,074|
|Irrecoverable|VAT||4,393|32,951|2,197|4,393|43,934|48,755|
|Travel|||244|407|81|81|813|1,102|
|Repairs and|maintenance||1,984|3,310|661|661|6,616|4,661|
||||279,633|503,160|41,240|138,609|962,642|901,012|
##
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|Net Movement
In Funds||||
|---|---|---|---|
|The movement
offunds is stated after charging|or (crediting):|||
|||2021|2020|
|||F||
|Depreciation
ofowned assets||89,178|74,074|
|Auditors'
remuneration||8,500|8,500|
|Operating
leases —premises||48,186|46,211|
|Hire ofequipment||11,122|11,394|
##
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||||2021|2020|
|---|---|---|---|---|
|Wages and|salaries||225,385|215,757|
|Employers'|national|insurance|19,898|18,426|
|Employers'|pension|costs|13,149|12,486|
||||258,432|246,669|
|he year w|as as follow|
|---|---|
|2021|2020|
|Number|Number|
|Direct charitable|activities|
|---|---|
|Management
and|administration|
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|8.|Tangible Fixed Assets|Tangible Fixed Assets|Leasehold|Computer|Office||
|---|---|---|---|---|---|---|
||||Improvements|Equipment|Equipmentf|Total|
||Cost||||||
||At 1st January 2021||161,461|426,346|27,475|615,282|
||Additions|||64,726||64,726|
||Disposals||||||
||At 31stDecember 2021||161,461|491,072|27,475|680,008|
||Depreciation||||||
||At 1st January 2021||48,441|165,933|8,244|222,618|
||Charge for the year||||||
||Disposals||16,147|70,283|2,748|89,178|
||At 31stDecember 2021||64,588|236,2'l 6|10,992|311,796|
||Net Book Value||||||
||At 31stDecember 2021||96,873|254,856|16,483|368,2'l2|
||At 31stDecember 2020||113,020|260,413|19,231|392,664|
|9.|Debtors||||||
||||||2021|2020|
||||||F||
||Trade debtors||||57,334|50,662|
||Prepayrnents
and accrued income||||75,249|24,055|
||VAT recoverable||||1,709|'I,608|
||Other debtors||||48|1,205|
||||||'I34,340|77,530|
|10.|Creditors: Amounts|Falling Due|Within One Year||||
||||||2021|2020|
||Trade creditors||||38,845|32,235|
||Other taxes and social|security|||9,017|7,159|
||Accruals||||61,129|34,149|
||Deferred
income||||123,978|106,628|
||||||232,969|'I80,171|
##
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|Unrestricted
—general fund|Unrestricted
—general fund||
|---|---|---|
|||f.|
|At 1st January
2021||1,600,481|
|Net incoming
(outgoing|resources)|23,902|
|At 31stDecember 2021||1,624,383|
|The comparative
note is|as follows:||
|At 1st January 2020||1,554,910|
|Net incoming
(outgoing|resources)|45,571|
|At 31stDecember 2020||1,600,481|
|Restricted —bursary
fund|||
|At 1st January
2021|||
|Incoming
resources||10,000|
|Expenditure||(2,350)|
|At 31stDecember 2021||7,650|
##
|||Bursary Restricted|Total General||
|---|---|---|---|---|
|||Fund|Fund|Total|
|Fixed Assets|||368,212|368212|
|Debtors|||134,340|134,340|
|Cash at bank and|in hand|7,650|1,354,800|1,362,450|
|Creditors|||232,969|232,969|
|At 31st December|2021|7,650|1,624,383|1,632,033|
##
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|leases as|set out below:|||||
|---|---|---|---|---|---|
|||Land & Buildings|||Other|
|||2021|2020|2021|2020|
|||E|||F|
|Operating|leases which expire:|||||
|1-2years||52,983|48,938|9,324|10,590|
|2-5 years||31,972|104,531|42,345|21,510|
|After five|years|||||
|||84,955|153,469|51,669|32,100|
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|||Costs of|Conferences||||2020Total|2019Total|
|---|---|---|---|---|---|---|---|---|
|||generating|and||||Funds|Funds|
|||funds|Education|Other||Governance||E|
|||||E||F|||
|Costs directly allocated to activities|||||||||
|Meetings|||19,976||||19,976|122,837|
|Publications||90,150|||||90,150|98,209|
|Education|||79,611||||79,611|92,265|
|Branch and Group Activities|||2,014||||2,014|8,735|
|Engineering
Division
Subscriptions|||21,510|24,603|||24,603
21,510|24,835
45,928|
|Legal fees||||||1,006|1,006|367|
|Audit||||||8,500|8,500|8,500|
|Accountancy
&taxation||||||11,670|11,670|11,640|
|Marketing
expenses||99,127|||||99,127|88,637|
|Bad debts||||||||(21,427)|
|||189,277|123,111|24,603||21,176|358,167|480,526|
|Support costs allocated to activities
Staff costs||61,823|123,647|12,364||48,835|246,669|237,847|
|Rent, rates and service charge||10,714|26,785|2,678||13,393|53,570|39,829|
|Light, heat and Insurance||1,298|3,243|324||1,621|6,486|5,917|
|Hire of equipment|||11,394||||11,394|10,761|
|Computer fees||4,231|33,849|||4,231|42,311|40,863|
|Printing,
stationery|8 duplicating|320|2,563|||320|3,203|5,484|
|Postage (including|Bulletin)|409|3,275|||409|4,093|6,292|
|Telephone||544|4,896||||5,440|7,163|
|Committee
and management
expenses||1,519|6,078|||22,789|30,386|38,817|
|Sundry expenses||217|535||53|265|1,070|3,995|
|Bank and credit card charges||2,889|6,742||||9,631|10,862|
|Depreciation||7,407|59,260|||7,407|74,074|38,366|
|Irrecoverable
VAT||4,875|36,567|2,438||4,875|48,755|51,375|
|Travel||331|551|110||110|1,102|1,165|
|Repairs and maintenance||1,398|2,331|466||466|4,661|8,137|
|||287,252|444,827|43,036||125,897|901,012|987,399|