2022-12-31-accounts - The Institute Of Acoustics Limited

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OR THE YEAR ENDED 31STDECE	MBER 2022
				2022	2021
		unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
	Notes	6	6		6
Incoming resources from:
Donations &legarfes:
Donations					10,000
Legacies		4,000		4,000	9,334
Charitable activities:
SubscrlpUons Meetings		503,295 35,720	16,239	503,295 51,959	485,214 26,910
Intemolse event		15,000		15,000
Pubgcatlons		142,170		142,170	102,854
Education		397,594		397,594	333,807
Engineering Division		14,058		14,058	16,607
Investments:
Investment Income		6,876		6,876	6,841
Other:
Sundry Income		4,312		4,312	2,627
Total Incoming resources		1,123,025	16,239	1,139,264	994,194
Resources expended Costs ofgenerating funds		333,223		333,223	279,633
Charitable activities		822,245	23,261	845,506	683,009
Total resources expended		1,155,468	23,261	1,178,729	962,642
Net incoming resources before other recognised gains and losses		(32,443)	(7,022)	(39,465)	31,552
Other recognised Gains and Losses
Net movement In funds	5	(32,443)	(7,022)	(39,465)	31,552
Reconciliation offunds
Fund Balances Brought Forward		1,624,383	7,650	1,632,033	1,600,481
Transfers between funds
Fund balances carried forward		1,591,940	628	1,592,568	1,632,033

						2022	2021
							E
Cash flows from operating			activities
Net income (expenditure)	for the year					(39,465)	31,552
Adjustments for:
Depreciation						101,263	89,178
Loss of disposal offixed assets
Investment Income						(6,876)	(6,841)
(Increase)/reduction in debtors						30,607	(56,810)
Increase/(reduction) in creditors						(24,220)	52,798
Net cash provided/(used)		in	operating	activities		61,309	109,877
Cash flows from investing		activities
Purchase of tangible fixed	assets					(86,575)	(64,726)
Sale of tangible fixed assets
Investment income						6,876	6,841
Net cash (used In) Investing			activities			(79,699)	(57,885)
Net increase / (decrease) equivalents	in	cash and cash				(18,390)	51,992
Cash and cash equivalents		at the beginning			of the	1,362,450	1,310,458
year
Cash and cash equivalents		at the end of the			year	1,344,060	1,362,450
Cash and cash equivalents		is made up of the
following:
Cash at bank and in hand						1,344,060	1,362,450
Total						1,344,060	1,362,450

2022f	2021 E
6,876	6,841

otal resou	rces	expended
				Costs of	Conferences			2022Totsl	2021 Total
				generating	end			Funds	Funds
				funds	Education	Other	Governance	6	6
					6	6	U
Costs directly allocated to activities
Meetings					41,450			41,450	22,165
Intemolse event					52,355			52,355
Publlcaff ons				104,009				104,009	93,890
EducaUon					110,402			110,402	90,858
Branch and	Group Activities				2,755			2,755	1,326
Engineering	Division					24,760		24,760	21,881
Subscrlptlons					19,212			19,212	19,194
STEM					47,490			47,490
Legal fees							6,735	6,735	5,088
Audit							9,000	9,000	8,500
Accountancy	& taxation						9,629	9,629	11,505
Marketing expenses				116,988				116,988	79,654
Bad debts									9,203
				220,997	273,664	24,760	25,364	544,785	363,244
Support costs allocated to acti			vltles
Staff costs				65,922	131,843	13,184	52,737	283,686	258,432
Rent, rates and service charge				12,781	31,952	3,194	15,976	63,903	59,900
Light, heat and insurance				2,136	4,271	427	1709	8,543	7,520
Uttra of equipment					8,224			8,224	11,122
Computer fees				6,438	51,509		6,438	64,385	61,098
PrlnUng, stationery		& dupttcaffng		432	3,453		432	4,317	2,876
Postage (Indudlng		Bugetln)		545	4355		545	5,445	5,019
Telephone				796	7,159			7,955	7,741
Commlsee and management
expenses				1,435	7,176		20,091	28,702	34,467
Sundry expenses				694	1,734	173	868	3,469	1,938
Bank and credit card charges				2,748	6,411			9,159	8,746
DepreclaUon				10,126	81,011		10,126	101,263	89,178
Irrecoverable	VAT			5,649	42,364	2,824	5,649	56,486	43,934
Travel				303	508	101	101	1,013	813
Repairs and	maintenance			2,221	3,695	739	739	7,394	6,616
				333,223	659,329	45,402	140,775	1,178,729	962,642

Net Movement ln Funds
The movement offunds Is stated after charging	or (crediting):
		2022 E	2021f
Depreciation of owned assets		101,263	89,178
Auditors' remuneration		9,000	8,500
Operating leases —premises		54,667	48,186
Hire of equipment		8,224	11,122

	Tangible Fixed Assets	Tangible Fixed Assets	Leasehold	Computer	Office
			Improvements	Equipment	Equipment	Total
				E	E
	Cost
	At 1st January 2022		161,461	491,072	27,475	680,008
	Additions			86,575		86,575
	Disposals
	At 31stDecember 2022		161,461	577,647	27,475	766,583
	Depreciation
	At 1stJanuary 2022		64,588	236,216	10,992	311,796
	Charge for the year		16,147	82,368	2,748	101,263
	Disposals
	At 31stDecember 2022		80,735	318,584	13,740	413,059
	Net Book Value
	At 31stDecember 2022		80,726	259,063	13,735	353,524
	At 31stDecember 2021		96,873	254,856	16,483	368,212
9.	Debtors
					2022	2021
					E	E
	Trade debtors				50,036	57,334
	Prepayments and accrued income				53,598	75,249
	VAT recoverable				51	1,709
	Other debtors				48	48
					103,733	134,340
10.	Creditors: Amounts	Falling Due	Within One Year
					2022	2021
						E
	Trade creditors				15,006	38,845
	Other taxes and social	security			8,320	9,017
	Accruals				39,769	61,129
	Deferred income				145,654	123,978
					208,749	232,969

Funds
unrestricted —general fund
At 1stJanuary 2022		1,624,383
Net incoming (outgoing resources)		(32,443)
At 31st December 2022		1,591,940
The comparative note is	as follows:
At 1stJanuary 2021 Net incoming (outgoing resources)		1,600,481 23,902
At 31st December 2021		1,624,383
Restricted —bursary fund
At 1st January 2022		7,650
Net incoming (outgoing	resources)	(7,022)
At 31st December 2022		628

	f.
At 1stJanuary 2021 Net incoming (outgoing resources)	10,000 (2,350)
At 31st December 2021	7,650
The comparative all relates to Bursary Fund

ources expended
	Costs of	Conferences			2021Totsl	2020 Total
	generating	and			Funds	Funds
	funds E	Education E	Other E	Governance f	E	E
Costs directly allocated to activities Meetings PubgcaUons Education	93,890	22,165 90,858			22,165 93,890 90,858	19,976 90,150 79,611
Branch and Group Actlvlges Engineering Division Subscrlptlons Legal fees Audit		1 326 19,194	21,881	5,068 8,500	1,326 21,881 19,194 5,068 8,500	2,014 24,603 21,510 1,006 8,500
Accountancy & taxation Marketing expenses Bad debts	79,654	9,203		11,505	11,505 79,654 9,203	11,670 99,127
	173,544	142,746	21,881	25,073	363,244	358,167
Support costs effocated to activities Staff costs	64,771	129,543	12,954	51,164	258,432	246,669
Rent, rates and service charge Light, heat and insurance Hire of equipment Computer fees Printing, stationery 8 dupgcatlng Postage (Induding Bugetln) Telephone	11,980 1,505 6,109 287 502 774	29,950 3,760 11,122 48,878 2,302 4,015 6,967	2,994 376	14,976 1,879 6,109 287 502	59,900 7,520 11,122 61,096 2,876 5,019 7,741	53,570 6,486 11,394 42,311 3,203 4,093 5,440
Committee and management expenses Sundry expenses Bank and credit card charges Depreciation Irrecoverable VAT	1,606 393 2,624 8,917 4,393	8,774 969 6,122 71,344 32,951	96 2,197	24,087 480 8,917 4,393	34,467 1,938 8,746 89,178 43,934	30,386 1,070 9,631 74,074 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