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|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||
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|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|
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||||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|
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|||||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|
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|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||
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|||||||||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|
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||||||||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|
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|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||
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||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|
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||||||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|
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