2021-06-30-accounts

					Page
Company information
Trustees' report
Independent Examiner's	report
Statement of Financial	Activities	(including	Income and Expenditure	Account)
Balance sheet
Notes to the accounts					10

Trustees/Directors
President	BHedges
Vice President	STate
Honorary Treasurer	AJ Collins
Honorary Secretary	J Lomas
Immediate Past President	G Hinds
Members ofCouncil (Ex-Officio)
Chair PDTC	D Horrocks
Chair PAC	P Lambert
Chair TAC	L Fullalove
Chair CED	N Smart
Chair CSD	J Wharton
Chair Young ICorr	D Burkle
Technical Editor CM	BGoldie
Chair Aberdeen Branch	M Ejaz
Chair London Branch	BMoorhouse
Chair Midlands Branch	PSegers
Chair North West Branch	M Leahy
Chair North East Branch	Vacant
Chair Yorkshire Branch	RGreen

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
Income and endowments	from:
Donations and legacies			152,922		152,922	159,078
Other trading activities			6,363		6,363	33,788
Investments			1,711		1,711	1,411
Charitable activities			99,945		99,945	94,647
Total income and endowments			260,941		260,941	288,924
Expenditure on:
Raising funds			80,969		80,969	90,828
Charitable activities			206,128		206,128	232,162
Total expenditure			287,097		287,097	322,990
Net Income/(expenditure)			(26,156)		(26,156)	(34,066)
Transfers Between Funds
Net movement in Funds			(26,156)		(26,156)	(34,066)
Reconciliation offunds:
Total funds brought forward		15/16	622,121	529,368	1,151,489	1,185,555
Total funds carried forward		14	595,965	529,368	1,125,333	1,151,489

		Notes		2021		2020
				E
Fixed assets
Tangible assets		9		623,962		623,187
Intangible assets		9		29,848		23,198
Investments		10		101,434		1
				755,244		646,386
Current assets
Debtors		11	108,895		123,357
Cash at bank and in	hand		365,762		445,958
			474,657		569,315
Creditors: amounts	falling due
within one year		12	(104,568)		(64,212)
Net current assets				370,089		505,103
Net assets				1,125,333		1,151,489
Charity funds
Accumulated fund		15		595,965		622,121
Restricted funds		16		529,368		529,368
				1,125,333		1,151,489

Depreciation is calculate assets on a straight line	d to write basis over t
Office Equipment	20%
Computer Equipment	33.30%
Fixtures and Fittings	20%

2	Income from donations	Income from donations	Income from donations	and	legacies	legacies
							2021	2020
							F	F
	Subscriptions		Individual		Members		88,989	96,679
			Sustaining		Members		60,697	57,409
			Magazine		Income		160	532
							149,846	154,620
			Elsevier (Corrosion Science)				3,076	3,058
							152,922	157,678
	Gifts & Donations		from	Subsidiary		Undertaking
	Other Gifts and Donations							1,400
							152,922	159,078
3	Income from other trading				activities
							2021	2020
							F
	Branch fundraising events							16,274
	Branch sponsorships						5,682	17,543
	Merchandise						681	1,221
	Property rental							(1,250)
	Other income
							6,363	33,788
4	Income from	investments
							2021	2020
								F
	Investment	Income					1,711	1,411
5	Income from	charitable		activities
							2021	2020
							F	F
	Branch seminar		income
	Corrosion Management			magazine			5,479	8,363
	Training courses						94,466	86,284
							99,945	94,647

6 Expenditure
		Costs of	Fund	Direct	Governance	2021	2020
		generating	raising	charitable	costs	Total	Total
		voluntary	and	activities
		income	trading
		F	F		F	F	F
Admin Fees		22,957	778	14,786	389	38,910	45,839
Depreciation		4,416	150	2,844	75	7,485	4,965
Head Office costs		10,715	363	6,901	182	18,161	23,475
Loan Interest
Total Support Costs		38,088	1,291	24,531	646	64,556	74,279
Audit, Accountancy,	Legal &
other professional	services				12,549	12,549	15,663
Council &trustee meetings			1,517		2,760	4,277	28,302
Technical secretary	services				2,350	2,350
Business development		2,019	30,289	6,058	2,019	40,385	42,399
Subscriptions and donations			820		13,519	14,339	12,076
Financial services			1,032		4,627	5,659	4,287
Other overheads			2,703		27,650	30,353	18,550
Corrosion management
magazine			(140)		83,824	83,684	76,555
Branch expenditure					205	205	21,794
Conferences &symposia
Training courses			3,350		25,390	28,740	29,085
		40,107	40,862	30,589	175,539	287,097	322,990

				2021
				F.
Analysis ofexpenditure		on raising funds:
Generating	voluntary income			40,107
Fundraising	and trading			40,862
				80,969
Analysis ofexpenditure		on charitable	activities:
Direct charitable activites				30,589
Governance	costs			175,539
				206,128

	Net income/(e	xpenditure)	for the year is stated af	ter charging:
				2021	2020
				F
	Depreciation			3,635	2,165
	Amortisation			3,850	2,800
	Independent	examiners	remuneration:
	Independent	examination	fee	1,680	1,680
	Other services			10,569	13,983
8	Staff Costs and Numbers
				2021	2020

tangible Fixed Assets
			Other
			Intellectual
	Website	Trademarks	Property	Total
	F.		F	F
Cost
At 1 July 2020	14,656	495	25,000	40,151
Additions			10,500	10,500
Disposals
At 30June 2021	14,656	495	35,500	50,651
Depreciation
At 1 July 2020	14,154	299	2,500	16,953
Charge for the year	250	50	3,550	3,850
On disposals
At 30June 2021	14,404	349	6,050	20,803
Net book value
At 30June 2021	252	146	29,450	29,848
At 30June 2020	502	196	22,500	23,198

te ofCorrosion to the Accounts e year ended 30June 2021 ngible Fixed Assets
	Land &	Office	Computer
	Buildings F	Equipment	Equipment F	Fixtures & Fittings f	Total F
Cost
At 1 July 2020 Additions	619,244	14,021	22,222 4,410	26,837	682,324 4,410
Disposals At 30June 2021	619,244	(965) 13,056	(3,435) 23,197	26,837	(4,400) 682,334
Depreciation At 1 July 2020 Charge for the year On disposals At 30June 2021		13,860 119 (965) 13,014	19,054 3,054 (3,435) 18,673	26,223 462 26,685	59,137 3,635 (4,400) 58,372
Net book value
At 30June 2021	619,244	42	4,524	152	623,962
At 1 July 2020	619,244	161	3,168	614	623,187

xed Asset I	nvestment
		Shares	in Other Investments
		subsidiary
		undertakings
			F	F
Cost/market	value
At 1 July 2020
Additions				100,000
Revaluation				1,433
At 30June	2021			101,433
Historical cost
At 30June	2021			100,000
At 1 July 2020

stricted	Funds
					Movement	in Funds
			Balance at	Incoming	Outgoing	Transfers		Unrealised	Balance at
			01/07/2020					gain on	30/06/2021
								investment
							F
Corrosion network group Building endowments Building fund Young engineers fund			855 7,535 504,000 16,978 529,368						855 7,535 504,000 16,978 529,368