| Crowe U.K. | LLP |
|---|---|
| 55 Ludgate | Hill |
| London | |
| EC4M 7JW | |
| Unity Trust | Bank pic |
| PO Box7193 | |
| Planetary Road |
|
| Willenhall | |
| WV1 9DG | |
| Schroder 5 | Co. Limited |
| 31 Gresham | Bract |
| London | |
| EC2V 7QA | |
| 10-18Union Brest | |
| London | |
| SE1 1SZ | |
| Bates Wells | Braithwaite |
| t0Queen Street Place | |
| London | |
| EC4R 1BE |
| CONTENTS | |
|---|---|
| Pages | |
| REPORT OF THE BOARD OFTRUSTEES | 5-11 |
| INDEPENDENT AUDITOR'S REPORT | 12-14 |
| CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES |
15 |
| BALANCE SHEET | 16 |
| NOTES TO THE ACCOUNTS | 17-25 |
| nres | es | xpen | a e | ermanen | |||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | funds | funds | endowment | endowment | 2021 | ||||
| Income and | |||||||||
| endowments | from: | ||||||||
| Donation and | |||||||||
| legacies | 6,487 | 6.487 | 221,599 | ||||||
| Other trading | |||||||||
| activities | 593,702 | 593.702 | 549,747 | ||||||
| In vestments | 1,250 | 11,960 | 13,210 | 15,791 | |||||
| Total | 594,952 | 18,447 | 813,399 | 887,137 | |||||
| Expenditure cn. |
|||||||||
| Trading Co's |
447,861 | 447,861 | 535.239 | ||||||
| Charitable acgvl ties |
|||||||||
| Professional | |||||||||
| education | 6,000 | 6,000 | |||||||
| Information services |
752 | ||||||||
| to | 87,858 | 3,928 | 92,538 | 95,308 | |||||
| Financial support to | |||||||||
| members | 22,635 | 22.635 | 26,95'5 | ||||||
| Grant to Cevell | |||||||||
| Nurses Trust | 286,906 | 831.556 | |||||||
| Total | 636,719 | 677,213 | 286,906 | 762 | tr400,590 | 553,512 | |||
| Net gains (loss) on | |||||||||
| investments | 26,474 | 47,775 | 24,611 | 13,961 | 112,821 | 39,949 | |||
| Net (expenditure)f | |||||||||
| income and | |||||||||
| movement in |
funds | 86,707 | (610,991) | (262,295) | 13,209 | f674,370) | 253,574 | ||
| Reconclgagon | of | ||||||||
| funds | |||||||||
| Funds brought | |||||||||
| forward | 538,399 | 547,057 | 262,295 | 109,505 | 1,457,256 | f,193,682 | |||
| Funds carried | |||||||||
| forward | 624,106 | 122,714 | 76z,sas | 1457255 |
| Group | Group | Charity | ||||
|---|---|---|---|---|---|---|
| Notes | 2021 | 2020 | 2021 | 2020 | ||
| E | ||||||
| FIXEDASSETS | ||||||
| Investments | 399,146 | 981,388 | 399,146 | 981,388 | ||
| CURRENT ASSETS | ||||||
| Debtors | 257,047 | 285,039 | 251,415 | 221,982 | ||
| Cash at bank and in hand | 736,477 | 814.077 | 419.994 | 475.043 | ||
| 993,524 | 1,979,116 | 671,409 | 597,095 | |||
| CREDITORS: Amounts | fallin9 | |||||
| due within one year | 7 | f609,784) | (603,248) | (23,720) | (19,936) | |
| NET CURRENT ASSETS | 383,740 | 475.868 | 647.689 | 877.069 | ||
| NET ASSETS | 782,886 | 1,457,256 | 1,046,835 | 1,858,457 | ||
| THE FUNDS OF THE | CHARITY: | |||||
| Endowed funds | ||||||
| SpeciTs: HQ | 122,714 | 109,505 | 122,714 | 109,505 | ||
| Benevolent fund |
282,295 | 282,295 | ||||
| Restricted income funds | ||||||
| Benevolent funds |
1,501 | 506.315 | 1.501 | 506.315 | ||
| Other restricted funds |
34,565 | 40,742 | 34,565 | 40,742 | ||
| 36,066 | 547,057 | 36,066 | 547,057 | |||
| Unrestricted funds |
||||||
| General funds |
624,106 | 538,399 | 888.055 | 739,600 | ||
| TOTAL CHARITY FUNDS | 8 | 782,886 | 1,457,256 | 1,046,835 | 1,858,457 |
| FIXEDASSET INVESTMENTS | ||
|---|---|---|
| Group and charity | 2821 | 2020 |
| Market value at start of year | 981.388 | 901,061 |
| Additions | 175,958 | 297,801 |
| Disposals | (175,941) | (257,223) |
| Gains (losses) | 112,821 | 39,949 |
| Transfer to Cavefi | (695,080) | |
| Market value at 31December | 399148 | 881388 |
| Cost st 31 December | 328458 | 870135 |
| The investments af the RCM Trust sre |
||
| managed by Cazenove CapitaL |
| 8. | DEBTORS | |||||||
|---|---|---|---|---|---|---|---|---|
| Group | Charity | |||||||
| 2021 | 2020 | 2021 | 2020 | |||||
| E | 8 | |||||||
| Amounts | due from RCM Trust Trading | 208,589 | 191,044 | |||||
| Amounts | due from RCM | 12.065 | ||||||
| Trade debtors | 257,047 | 265,0N | 30.761 | 30,918 | ||||
| 257 047 | 285039 | 251 415 | 221 882 | |||||
| 7. | CR EDITORS | |||||||
| Amaunts falling due within one |
year | |||||||
| 2021 | 2020 | 2021 | 2020 | |||||
| 6 | E | |||||||
| Amaunts | due to RCM | 291,026 | 310,736 | 6,781 | ||||
| Other creditors | 62,6D7 | 44,125 | 6D | 19,936 | ||||
| Deferred | income (incL subs | in advance | RCM | |||||
| information | Services LTD and income | fram | ||||||
| Alliance partners) | 231,375 | 234,697 | ||||||
| Accruals | 24,776 | 13,690 | 16.879 | |||||
| 609784 | 603248 | 23720 | 19938 |
| AI 1 | At 31 | |||||
|---|---|---|---|---|---|---|
| January | Incoming | Outgoing | Gains on | Transfer | December | |
| 2021 | resources | resources | investment | Cavell | 2021 | |
| Permanent | ||||||
| endowment | 109,505 | (752) | 13.961 | 122,714 | ||
| Expendable | ||||||
| endowment | 262,295 | 24.611 | (286.906) | |||
| Restricted | ||||||
| funds | ||||||
| JJPI | (6,0DD) | 34,565 | ||||
| Spedfic | ||||||
| Headquarters | ||||||
| Fund | 1,734 | (1,734) | ||||
| Benevolent | (544,650) | |||||
| Fund | 506,315 | 14,696 | (22,634) | 47,775 | 1,501 | |
| NHS England | ||||||
| grsnt- | ||||||
| Continuity of |
||||||
| Carer | 177 | (177) | ||||
| Total restricted | ||||||
| funds | 547057 | 16,430 | (3D,544) | 47,775 | (544,650) | 36,066 |
| Unrestricted | ||||||
| funds | ||||||
| General funds | 536,399 | 595,519 | (536,286) | 26.474 | 624,106 | |
| Total funds | f467266 | 611,949 | (567,582) | 112.821 | (831,556) | 782 886 |
| Al 31 | |||||||
|---|---|---|---|---|---|---|---|
| Al 1 | |||||||
| January | Incoming | Outgoing | Gains on | December | |||
| 2020 | resources | resources | investment | 2020 | |||
| Permanent | endowment | 106,205 | (8D6) | 4,1D6 | 109,5D5 | ||
| Expendable | endowment | 252,693 | 9,602 | 282,295 | |||
| Restricted | funds | ||||||
| JJPI | 46,565 | (6,000) | 40,585 | ||||
| Specific Headquarters | Fund | 2.017 | (2.017) | ||||
| Benevolent | Fund | 435,273 | 81,658 | (26,965) | 16,349 | 506,315 | |
| NHS England grant— | |||||||
| Continuity ofCarer |
177 | ||||||
| Totalrestrictad funds |
~2f | ~7 | ~2 | ~77 | |||
| Unrestricted | funds | ||||||
| General funds | 352,769 | 803,462 | (627,724) | 9,892 | 536,399 | ||
| Total funds | 1 fg3 662 | 887137 | ~683512 | 39949 | 1457 258 |
| Unrestricted | Restricted | Expendable | Permanent | Total | |
|---|---|---|---|---|---|
| funds | funds | endowment | endowment | 2020 | |
| Income and endowments | |||||
| from: | 6 | ||||
| Donations and legacies |
150,000 | 71,599 | 221,599 | ||
| Other trading activities |
649,747 | 649,747 | |||
| Investments | 3,715 | 12,076 | 15,791 | ||
| Charitable activities |
|||||
| Total | 803462 | 83675 | 887137 | ||
| Expenditure on: |
|||||
| Trading | 535,239 | 535,239 | |||
| Charitable activities |
|||||
| Professional education |
6.000 | 606 | 6,000 | ||
| Information services to |
92,485 | 2,017 | 95,300 | ||
| members and the public |
|||||
| Financial support to |
|||||
| members | 26.965 | 26,966 | |||
| Total | 627 724 | 34982 | 663512 | ||
| Net gains (loss) on | |||||
| investments | 9,892 | 16.349 | 9,602 | 4,106 | 39,949 |
| Net (expenditure )/income | |||||
| and | |||||
| movement in funds |
185630 | 65042 | 3300 | 263574 | |
| Reconciliation offunds |
|||||
| Funds brought forward |
352,769 | 462,015 | 252,693 | 106,205 | 1,193,082 |
| Funds carried forward | ~77 | 2II2. | ~1L~ | 14412 |
| Endowed | Restricted | Unrestricted | Total | ||
|---|---|---|---|---|---|
| 6 | 6 | E | |||
| Investments | 122,714 | 276,432 | 399,146 | ||
| Current | assets | 36,066 | 957,458 | 993,524 | |
| Current | liabilities | (609,784) | (609,784) | ||
| 122,714 | 36,066 | 624,106 | 782,886 |
| Endowed | Restricted | Unrestricted | Total | ||
|---|---|---|---|---|---|
| 6 | 6 | 6 | 8 | ||
| Investments | 371,800 | 380,511 | 249,077 | 981,388 | |
| Current | assets | 189,287 | 889,829 | 1,079.116 | |
| Current | liabilities | (2,741) | (600,5D7) | (603,248) | |
| 371800 | 547 057 | 538399 | 1 457 256 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | ||||
| Gift aid receivable from RCM Trust Trading |
208,689 | 191,044 | ||
| RCM amounts due to RCM |
Trust | 12,065 | ||
| Overheads and governance |
cost paid to RCM | 14,DOO | 14,00D | |
| RCM Information Services |
Ltd amounts due to RCM |
284,987 | 31D,736 | |
| RCM Trust amounts due to |
RCM Information | Services Ltd | 6,761 |