| AUDITOR | Crowe LI.K. | LLP | |
|---|---|---|---|
| SS Ludante | Hill | ||
| London | |||
| EC4M 7JW | |||
| BANKER | Unity Trust | Bank pic | |
| PO Box7193 | |||
| Planetary Road |
|||
| Willenh a II | |||
| WV1 9DG | |||
| INVESTMENT | MANAGER | Schroder & | Co. Limited |
| 31Gresham | Street | ||
| London | |||
| EC2V 7QA | |||
| REGISTERED | OFFICE | 10-18Union Street | |
| London | |||
| SE11SZ | |||
| SOUCITOR | Bates Wells | Braithwaite | |
| 10Queen Street Place | |||
| London | |||
| EC4R 1BE |
| REPORT OF THE BOARD OF TRUSTEES | S-10 |
|---|---|
| INDEPENDENT AUDITOR'S REPORT | |
| CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES |
14 |
| BALANCE SHEET | 1S |
| NOTES TO THE ACCOUNTS | 16-23 |
| Unrestricted | Restricted | Expendable | Permanent | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| Notes | funds | funds | endowment | endowment | 2020 | 2019 | ||
| Income and endowments | ||||||||
| from: | ||||||||
| Donation and legacies |
150.000 | 71.599 | 221,599 | 31,401 | ||||
| Other trading activities |
649,747 | 649,747 | 545,135 | |||||
| Invest ments | 3.715 | 12.076 | 15,791 | 26,243 | ||||
| Total | ~803 2 |
~83 75 | 8~87137 | 6~0779 | ||||
| Expenditure on: |
||||||||
| Trading Co's | 535,239 | 535,239 | 471,022 | |||||
| Charitable activities |
||||||||
| Professional education |
6,000 | 303,961 | ||||||
| Information services to |
92,485 | 2,017 | 806 | 95,308 | 87,933 | |||
| rnernbers and the public |
2,014 | |||||||
| Financial support to | ||||||||
| members | 26,965 | 26p965 | 45,406 | |||||
| Total | ~27 24 |
~2 | ||||||
| Net gains Ilossi on | ||||||||
| investments | 9,892 | 16,349 | 9,602 | 4,106 | 39,949 | 67,859 | ||
| Net (expenditureI/ | ||||||||
| income and movement | in | |||||||
| funds | 185630 | ~65 | 9602 | 3300 | 263 574 | ~239698 | ||
| Recondllation offunds |
||||||||
| Funds brought forward | 352,769 | 482,015 | 252,693 | 106,205 | 1,193,682 | 1,433,380 | ||
| Funds carried forward | 2~2 | ~172 | 2~1 |
| Group | Charity | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 2020 | 2019 | 2D2D | 2019 | |||
| FIXEDASSETS | |||||||
| Invest ments |
981,388 | 901,061 | 981~ | 901,061 | |||
| CURRENT ASSETS | |||||||
| Debtors | 265,039 | 331,908 | 221,962 | 200,649 | |||
| Cash at bank and | in hand | 814,077 | 643,627 | 475~ | 241,903 | ||
| 1/79,116 | 975,535 | 6972IDS | 442,552 | ||||
| CREDITORS: Amounts | fa Iling | ||||||
| due within one year |
I603,246) | (682,914J | I19,936) | f25,366) | |||
| NET CURRENT ASSETS | 475,868 | 292,621 | 677/$9 | 417,186 | |||
| NET ASSETS | 17I57,256 | 1,193,682 | 1,65BW7 | 1,318,247 | |||
| THE FUNDS OFTHE CHARITY: | |||||||
| Endowed funds | |||||||
| Specific HQ | 1D9,505 | 106,205 | 109~5 | 106,205 | |||
| Benevolent fund |
262,295 | 252,693 | 262495 | 252,693 | |||
| Restricted income funds | |||||||
| Benevolent funds |
SD6,315 | 435,273 | 506815 | 435,273 | |||
| Other restricted | funds | 46,742 | 40,742 | 46,742 | |||
| 547,057 | 482,015 | 547/)57 | 482,015 | ||||
| Unrestricted funds |
|||||||
| Generalfunds | 538,399 | 352,769 | 739,600 | 477,334 | |||
| TOTAL CHARITY | FUNDS | 17I57,256 | 1,193,682 | 1,65BW7 | 1,318,247 |
| S. | FIXED ASSET INVESTMENTS | |||||||
|---|---|---|---|---|---|---|---|---|
| Group and charity | 2020 | 2019 | ||||||
| Market value at start ofyear | 901,061 | 828,986 | ||||||
| Additions | 297,601 | 363,027 | ||||||
| Dispose ls | (267,223) | (358,811) | ||||||
| Gains (Ioases l | 39,949 | 67,859 | ||||||
| Market value at 31Deoember | 981 | |||||||
| Cost at 31December | 870 136 | 8~3040 | ||||||
| The investments ofthe RCM Trust are |
||||||||
| managed by Cazenove Capita |
||||||||
| 6, | DEBTORS | |||||||
| Group | Charity | |||||||
| 2020 | 2019 | 2020 | 2019 | |||||
| f | 6 | f | ||||||
| Amounts due from RCM Trust Trading |
191,044 | 199,614 | ||||||
| Trade debtors | 26S,D39 | 331,908 | 3D,918 | 1,035 | ||||
| 266039 | 331908 | 221 | 962 | 200 | 649 | |||
| 7. | CREDITORS | |||||||
| Amounts falling due within one year |
||||||||
| 2020 | 2019 | 2019 | ||||||
| f | ||||||||
| Amounts due to RCM |
310,736 | |||||||
| Other creditors | 44,126 | 60,742 | 19,936 | 25,358 | ||||
| Deferred interne (Incl. subs In advance | RCM | |||||||
| Information Services LTD and income |
from | |||||||
| Alliance partners l |
234,697 | 224,304 | ||||||
| Accrue Is | 43,572 | |||||||
| 13,69D | ||||||||
| ~24 | ~1 | 2~ | ||||||
| 18 |
| At 31 | ||||||||
|---|---|---|---|---|---|---|---|---|
| At2Jonuory | Incoming | Outgoing | Gains on | December | ||||
| 2020 | resources | resources | investment | 2020 | ||||
| Permanent | endowment | 106,205 | (806) | 4,106 | 109,505 | |||
| Expendable | endowment | 252,693 | 9,602 | 262,295 | ||||
| Restrfcted funds | ||||||||
| JJPI | 46,565 | (6,00Dl | 40,565 | |||||
| Specific Headquarters | Fund | 2,017 | (2,D17 l | |||||
| Benevolent | Fund | 435,273 | 81,658 | (26,965I | 16,349 | 506,315 | ||
| NH5 England | grant- | Continuity | ||||||
| of Carer | 177 | 177 | ||||||
| Total restricted | funds | 482 15 |
~83675 | 34982 | ~16349 | 547057 | ||
| tJn restricted | funds | |||||||
| General funds | 352,769 | 803,462 | (627,724l | 9,892 | 538,399 | |||
| Total funds | 1192L2 | ~71 | ~12 | ~172 |
| At 31 | |||||||
|---|---|---|---|---|---|---|---|
| At 2 Jonuorfr | Incoming | Outgoing | Gains on | December | |||
| 2019 | resources | resources | invsstm ent | 2019 | |||
| Perma nant | endowment | 99,186 | (BD2I | 7,821 | 106,205 | ||
| Expendable | endovwnent | 236,655 | 16,038 | 252,693 | |||
| Re strfct ed funds |
|||||||
| JJPI | 55,653 | (9,088l | 46,565 | ||||
| Other grants/projects | (96i | 96 | |||||
| Public Health | Project | 2,090 | (2,D9DI | ||||
| Maternal Mental Health |
20 | (2DI | |||||
| Specific Headquarters | Fund | 3,403 | (3,4D3 I | ||||
| Benevolent | Fund | 4D5,216 | 47,990 | (45,406 I | 27,473 | 435,273 | |
| NHS England | grant —Continuity | ||||||
| of Carer | 5,937 | (5,76DI | 177 | ||||
| Total restricted funds |
5~189 | ~65767 | 27473 | 482015 | |||
| tfnrestrlcted | funds | ||||||
| General funds | 628,719 | 551,387 | (843,864l | 16,527 | 352,769 | ||
| Total funds | tr433 380 | ~S76 | ~910 33 | 6~7859 | ~1193682 |
| 9. | COMPARATIVES STATEMENT OF | COMPARATIVES STATEMENT OF | FINANCIAL ACTIVITIES | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Expendable | Permanent | Tata/ | |||
| funds | endowment | endounnent | 2029 | ||||
| Income and endowments | fram; | ||||||
| Oonatlons and legacies |
31,401 | 31,401 | |||||
| Other trading activities | 545,135 | 545,135 | |||||
| Investments | 6,251 | 19,992 | 26,243 | ||||
| Chorftabk acth' | |||||||
| Total | 551386 | 51393 | |||||
| Expenditure an: |
|||||||
| Trading | 471,022 | 471,022 | |||||
| Cirorftabk a tiv/ties | |||||||
| Professiona Ieducation |
288,311 | 14,848 | 802 | 303,961 | |||
| Information services to |
84,530 | 3,403 | 87,933 | ||||
| members and the public |
2,014 | 2,014 | |||||
| Promotion ofmidwifery | practice | ||||||
| RCM Trust's research | |||||||
| Global midwifery Initiative |
|||||||
| Financial support to members |
45,406 | 45,406 | |||||
| Total | 843 863 | 65 671 | RR | 910336 | |||
| Net gains (loss) on Investments | 16,527 | 27,473 | 16,038 | 7,821 | 67,859 | ||
| Net (expendRure)/income | and | ||||||
| movement in funds |
~275950 | 13195 | ~16 | ~239698 | |||
| Reconciliation offunds | |||||||
| Funds brought forward |
628,719 | 468,820 | 236,655 | 99,186 | 1~380 | ||
| Funds carried forward | ~1 | ~22 | ~106205 |
| Endowed | Endowed | Restricted Unrestricted |
Restricted Unrestricted |
Total | |||
|---|---|---|---|---|---|---|---|
| f | f | f | E | ||||
| Investments | 371,800 | 360,511 | 249,D77 | 981,388 | |||
| Current | assets | 189,287 | 889,829 | 1,079,116 | |||
| Current | liabilities | (2,741) | (600,507I | (603,248l | |||
| 3~7800 | ~547 57 |
538399 | 1~57256 | ||||
| ARATIVE | 2019ANALYSIS OF NET A55ETS BETWEEN | FUNDS | |||||
| Fund balances at 31December 2019are represented | by: | ||||||
| Endowed f |
Restricted f |
Llnre strl cted f |
Totalf | ||||
| Investments | 358,898 315,719 |
226,444 | 901,D61 | ||||
| Current | assets | 170,505 | 805,030 | 975,535 | |||
| Current | liabilities | (4,209) | (678,705) | (682,914) | |||
| 358 | 898 4~42015 |
352 | 769 | 1193682 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| f | ||||||
| GiR aid receivable | from RCM Trust Trading | 191,044 | 199,614 | |||
| Grant paid | to RCM | 250,000 | ||||
| Overheads | and governance | cost paid to | RCM | 14,000 | 36,349 | |
| RCM Information | Services | Ltd amounts | due to RCM | 310,736 | 354,296 |