Charity Number: 270473
THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2021
THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
CHARITY INFORMATION
| Trustees | Mr Noel Kelleher |
|---|---|
| Mr Alex Robertson | |
| Mr Lawrence Beare | |
| Ms Denise Gonoud | |
| Charity Number | 270473 |
| Address | Fifth Floor |
| The Royal College of Surgeons of England | |
| Lincoln’s Inn Fields | |
| London | |
| WC2A 3PN | |
| Independent Examiner | |
| Cooper Parry Group Limited | |
| Chartered Accountants | |
| Park View | |
| One Central Boulevard | |
| Blythe Valley Business Park | |
| Solihull | |
| B90 8BG | |
| Bankers | HSBC Plc |
| Cottingham Branch | |
| 112 King Street | |
| Cottingham | |
| East Yorkshire | |
| HU16 5QE |
THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
CONTENTS
| Page | |
|---|---|
| Trustees’ Report | 1 - 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the accounts | 7 - 8 |
THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
TRUSTEE’S REPORT 30 April 2021
The Trustees present their report and accounts for the year ended 30 April 2021.
Trustees
Trustees serving during the year were:
Mr Noel Kelleher
Mr Simon Phillips (resigned 6 November 2020) Mr Alex Robertson (appointed 6 November 2020) Mr Lawrence Beare Ms Denise Gonoud
All trustees must be full members of the charity and are elected by full and trainee members of the Society. The categories of membership and powers of appointing and removing Trustees are outlined in the Society Bylaws.
Objectives of the Charity
The Society is a registered charity and constituted in accordance with its Bylaws. The latest version of these Bylaws were amended by a scheme dated 18 October 2014.
The charity’s objectives are to promote the advancement of perfusion technology by providing opportunities for collective discussions and action on scientific matters. On 22 April 2006 a Scheme was approved by the Charity Commission allowing the Society to amend its Bylaws.
The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charitable company’s aims and objectives and in planning future activities. In particular, the trustees have considered how planned activities will contribute to the aims and objectives set .
Organisation
The charity is governed by its Board of Trustees which is responsible for formulating the strategies and policies of the charity including approval of budgets and the exercising of financial controls. The board members as at 30 April 2020 were:
| Chairman: | Mr Noel Kelleher | Treasurer: | Mr Lawrence Beare |
|---|---|---|---|
| Chief Perfusionist | Fifth Floor | ||
| University Hospital Wales | The Royal College of Surgeons | ||
| Heath Park | Lincoln’s Inn Fields | ||
| Cardif | London | ||
| CF14 4XW | WC2N 3PA | ||
| Secretary: | Ms Denise Gonoud | Registrar: | Mr Alex Robertson |
| Chief Perfusionist | Fifth Floor | ||
| University Hospital Galway | The Royal College of Surgeons | ||
| Clinical Perfusion Science Dept | Lincoln’s Inn Fields | ||
| Cardiac Theatre, Level2 | London | ||
| Newcastle Road | WC2N 3PA | ||
| Galway, H91 YR71 |
In addition to the Board of Trustees, there is an Executive Committee comprising the Trustees plus a further six members.
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
TRUSTEE’S REPORT 30 April 2021
Review of activities and future developments
Treasurers Report 2020/21
We are happy to report the Society generated a surplus over the duration of the financial year despite the many difficulties and uncertainties faced due to Covid.
This was achieved thanks to the stripping back of non-essential outgoings and the vigorous chasing of outstanding historical debts relating to both Perfusionist advertising and Symposium education grants and exhibition stands.
The necessity of reducing outgoings in the face of uncertain demands has left us with a better idea of the fixed recurring costs going forward as a Society and will help to budget with the aim of fixed outgoings never again exceeding fixed income.
Thanks to hard work from the Education and Training Subcommittee the 2020 Symposium and AGM was able to take place online and received high attendance figures from the membership. All outstanding invoices relating to this event were paid in a timely manner.
Bristol University were able to successfully continue the Perfusion training pathway online during the Pandemic and thanks to the support of the Societies examiners all students received their practical exam in a timely manner.
The College have stood by their decision to fund half the cost of both the Secretarial team and our shared website.
Events 2020/21
The previous investment in our website proved invaluable in delivering our online Symposium and AGM this year. The event ran smoothly and generated very high viewing figures from the membership.
All executive committee meetings were conducted online over the course of the year.
In May the Secretarial team moved back into the refurbished Royal College of Surgeons. In future all utility support costs will be invoiced to us via the RCS rather than being organised separately.
With many learning opportunities suspended the Society took it upon itself to re-establish the Spring Meeting. This took the form of the 2021 Wellness Webinar, it aimed to provide both education and support to the membership in these challenging times.
The Safety Committee and ECMO meetings continue to be supported.
The Society continues to support a presence from the Society on the European Board.
Unrestricted funds
The Statement of Financial Activities shows net incoming resources for the year of £54,146 ( 2020;(£28,960) ) and at the balance sheet date the Unrestricted Fund stands at £164,473 ( 2020: £110,327)
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
TRUSTEE’S REPORT 30 April 2020
Risk Management and Reserves Policy
As the activities and aims of the Society change the reserves required for the Society to work for its membership unhindered by financial restraints will fluctuate.
The trustees have reviewed the reserves of the Society and the executive committee have established a policy whereby the unrestricted funds not committed or invested in fixed assets (“the free reserves”) held by the Society should be 12 months of the resources expended. This equates to an average expenditure over the three previous years of £186,911 minus the stable income of membership subscriptions giving a total requirement of £161,911 in general funds. At this level, the executive committee feel that they would be able to continue the current activities of the Society in the event of a significant drop in funding from two of its three main sources of funds, that is the Perfusionist magazine and our Annual Congress and AGM. At present the free reserves amount to £164,234 Our policy is therefore to maintain reserves at the required level.
The Executive Committee, as an integral part of their meetings, consider and review the major risks to which the Society is exposed and takes steps, where appropriate, to address those risks.
Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of afairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Board of Trustees
………………………….. L Beare
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
I report on the accounts of the Charity for the year ended 30 April 2021, which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
-
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Partner in Cooper Parry Group Limited Park View One Central Boulevard Blythe Valley Business Park Solihull B90 8BG
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
Date: 2021
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30 April 2021
| Notes INCOMING RESOURCES Subscriptions Meetings and AGM Examinations Perfusionist magazine Bank interest Other income Total incoming resources RESOURCES EXPENDED Charitable expenditure Direct costs in furtherance of charitable objects 3 Support and administration costs 4 Governance costs 5 Total resources expended Net incoming resources for the year Net movement in funds Funds brought forward at 1 May 2020 FUNDS CARRIED FORWARD AT 30 APRIL 2021 110,327 |
Unrestricted Funds 2021 2020 £ £ 25,682 23,567 37,560 152,613 16,900 24,300 47,121 32,318 11 82 23,321 - _ ___ 150,595 232,880 _ _ 50,741 188,062 42,908 71,068 2,800 2,710 _ _ 96,449 261,840 _ _ 54,146 (28,960) 110,327 139,287 _ __ 164,473 |
|---|---|
No activities were acquired or discontinued during the year.
There were no recognised gains and losses in the above periods other than the net movement in resources for the year.
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
BALANCE SHEET As at 30 April 2021
| Notes | 2021 | 2020 | 2020 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible fxed assets | 2 | 239 | 287 | ||
| CURRENT ASSETS | |||||
| Prepayments | 1,608 | 38,808 | |||
| Treasurers account | 98,589 | 28,380 | |||
| No 2 Treasurers account | 34,393 | 7,833 | |||
| Deposit account | 31,939 | 31,927 | |||
| Loan | 10,000 |
15,000 | |||
| _ | _ | ||||
| 176,529 | 121,948 | ||||
| _ | _ | ||||
| CURRENT LIABILITIES | |||||
| Other creditors | 12,295 | 11,908 | |||
| _ | _ | ||||
| 12,295 | 11,908 | ||||
| _ | _ | ||||
| NET CURRENT ASSETS | 164,234 | 110,040 | |||
| __ | __ | ||||
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 164,473 110,327 _ _ |
|||
| RESERVES | |||||
| Unrestricted Funds | 164,473 110,327 _ _ |
These accounts were approved by the Executive Committee on 2021
………………………………
Noel Kelleher - Trustee (Chairman)
…………………………………
Lawrence Beare – Trustee (Treasurer)
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
NOTES TO THE ACCOUNTS For the year ended 30 April 2021
1 ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the provisions of the Charities Act 2011 and in compliance with the historical cost accounting rules, on an accruals basis and in compliance with applicable Accounting Standards. In preparing the financial statements the Trustees have adopted the provisions of the Statement of Recommended Practice - “Accounting and Reporting by Charities” (SORP 2005).
The principal accounting policies adopted are set out below:
Depreciation of tangible fixed assets
Depreciation is provided at the following annual rates on a reducing balance basis to write of the cost less the estimated residual value of the assets over their expected useful economic lives:
Office equipment 15% Computer equipment 33.33%
Incoming Resources
Annual subscriptions are recognised in full in the period in which the renewal arises. All other income is recognised in the period in which the event takes place.
Resources expended
Resources expended are recognised in the period to which they relate. Where costs relate directly to a particular cost category they are allocated in full to that category. Where costs cannot be attributed directly to one category they are apportioned on an appropriate basis.
2 TANGIBLE FIXED ASSETS
| Ofce Computer Equipment Equipment £ £ Cost At 1 May 2020 and 30 April 2021 8,829 8,774 _ _ Depreciation At 1 May 2020 8,569 8,747 Charge for year 39 9 _ __ At 30 April 2021 8,608 8,756 _ _ Net book value: At 30 April 2020 260 27 _ ____ At 30 April 2021 221 18 |
Total £ 17,603 _ 17,316 48 _ 17,364 _ 287 _ 239 |
|---|---|
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
NOTES TO THE ACCOUNTS For the year ended 30 April 2021
| 3 | ACTIVITIES IN FURTHERANCE OF CHARITABLE OBJECTS | 2021 | 2021 | 2020 |
|---|---|---|---|---|
| £ | £ | |||
| Meetings and AGM | 11,980 | 124,944 | ||
| Examinations / Bristol courses | 4,790 | 16,221 | ||
| Perfusionist magazine | 33,971 | 46,897 | ||
| _ | _ | |||
| 50,741 | 188,062 | |||
| _ | _ | |||
| 4 | SUPPORT AND ADMINISTRATION COSTS | 2021 | 2020 | |
| £ | £ | |||
| Salaries and national insurance | 26,070 | 20,980 | ||
| Committee expenses | 1,738 | 18,990 | ||
| Printing, postage, stationary & catering | 980 | 4,590 | ||
| Website and other computer costs | 1,079 | 9,681 | ||
| Rent | 7,015 | 9,258 | ||
| Other ofce cost | 3,898 4,830 | |||
| Telephone charges | 796 | 949 | ||
| Bank charges | 787 | 1,151 | ||
| Depreciation | 48 | 59 | ||
| Professional fees | 497 | 580 | ||
| _ | _ | |||
| 42,908 | 71,068 | |||
| _ | _ | |||
| 5 | GOVERNANCE COSTS | 2021 | 2020 | |
| £ | £ | |||
| Preparation of statutory accounts and independent examination | 2,800 | 2,710 | ||
| __ | __ | |||
| 6 | STAFF COSTS | 2021 | 2020 | |
| £ | £ | |||
| Total staf costs: | ||||
| Wages and salaries | 23,782 | 20,980 |
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
Pension 2,288 - _ _ 26,070 20,980 _ _
There was one employee during the year (2020: one) No employee received remuneration of £50,000 or more during the year. No trustee received remuneration during the year
The four trustees and six other executive committee members were reimbursed expenses of £1,738 ( 2020 £18,990 )
DETAILED INCOME AND EXPENDITURE ACCOUNT For the year ended 30 April 2021
| Income Subscriptions Meetings and AGM Examinations / Bristol courses Perfusionist Magazine Bank Interest Other income Expenditure Wages, NI and pension Meetings and AGM Examinations / Bristol courses Perfusionist Magazine Committee expenses Printing, postage, stationery and catering Website development Rent |
2021 £ 25,682 37,560 16,900 47,121 11 23,321 _ 150,595 _ 26,070 11,980 4,790 33,971 1,738 980 1,079 7,015 |
2020 £ 23,567 152,613 24,300 32,318 82 - _ 232,880 _ 20,980 124,944 16,221 46,897 18,990 4,590 9,681 9,258 |
|---|---|---|
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THE SOCIETY OF CLINICAL PERFUSION SCIENTISTS OF GREAT BRITAIN AND IRELAND
| Other ofce costs Telephone charges Professional fees Bank charges Depreciation Net expenditure for the year |
3,898 796 3,297 787 48 _ 96,449 _ 54,146 |
4,830 949 3,290 1,151 59 _ 261,840 _ (28,960) |
|---|---|---|
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