## ## ||||||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| ##