| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Designated | Total | Total | ||
| Income from: | 8 | 8 | ||||
| Charitable activities |
112,708 | 112,708 | 108,313 | |||
| Other trading activities |
86,154 | 86,154 | 1,677 | |||
| Investment Income |
3,130 | 4,679 | 7,809 | 6,326 | ||
| Total Incoming | 201,992 | 4,679 | 206,671 | 116,316 | ||
| Expenditure oai |
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| Raising funds | 48,819 | 3396 | 52,115 | 14,387 | ||
| Charitable activities |
122,415 | 1,646 | 124,061 | 125,727 | ||
| Total expenditure | 171234 | 4942 | 176 176 | 140114 | ||
| Net gains/fiosses) an investments |
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| Realised | 3,535 | 5,302 | 8,837 | 16,095 | ||
| Unrealised | 16,843 | 25,265 | 42,108 | (2,010) | ||
| 20,378 | .787 | 88 | .88 | |||
| Net income and net movement | in funds | 51,136 | 8 88 | ~77 | ||
| Reconciliation affunds |
||||||
| Total funds brought forward | 275,664 | 236,547 | 512,211 | 521,924 | ||
| Total funds carried forward | 326,800 | 266,851 | 593,651 | 512,211 |
| Notes to the tinea clal statemeats for the year ended 31Dmember 20 | 21 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| I Responslbgltles ofthe Committee |
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| The Committee is responnble for maintaining proper accounting recmds which disclose with reasonable position ofihe Association and for takmg reasonable steps for the prevention and detection offraud and |
accuracy at any time other irregulanties. |
the financial | ||||||||||||
| In preparing the financial statements thc Committee are required to: |
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| a) sdect suitable accounting policies and then apply them consistently |
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| b) make Judgements and estimates that are reasonable and prudent |
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| c) prepare the financial statements an the going concern basis unless it |
is inappropriate to |
presume that thc |
Association | will | continue | to | ||||||||
| operate. | ||||||||||||||
| 2Accounting Policies |
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| The financial statements have been prepared m acmrdance with the Financial |
Reporting | Standard 102 (effective |
January | 2019) | (FRS | |||||||||
| 102),the Companies Act 2006 and the requirements ofthe Statement of |
Recommended Practice |
(SORP) applicable | to charities preparing |
|||||||||||
| their accounts in accordance with the Financial Repouing Standard applicable |
in tbe IJK and Republic | ofIreland (FRS 102)(effective | 1 | |||||||||||
| January 2019)(Charitics SORP FRS 102). | ||||||||||||||
| ine tintisb treotccnntcat Association meets me dennnion ot a punac ometu |
enuty under |
rub | iun | nssms | enc namuucs | arc initiaiiy | ||||||||
| recognised at historical cost or transaction value unless otherwise stated in the mlevanl accounting |
policy | note(s), | ||||||||||||
| There are ne material uncertainties about thc charity's ability to continue, |
and so | the going concern | basis | ofaccountmg | bas | been adopted. | ||||||||
| Income | ||||||||||||||
| All subscriptions and investment mcome is accountul for when recdved, |
except in the case | of | subscnpuons | which are specifically | stated | |||||||||
| to be m respect ofan ensumg accounting period. No credit is taken for subscriptions unpaid |
at the | balance sheet | date. | |||||||||||
| Donation income is accounted for when the Association has entitlement |
lo the income, lhe |
income | is probable and can |
be measured | ||||||||||
| reliably. | ||||||||||||||
| Expenditure | ||||||||||||||
| bxpendlture is recogiused when niere is a legal or construcbve obiigabon |
to transter resources | to | a third | patty, sediement | is | probable arid |
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| the ainount can bcmeasured reliably. Expenditure is included within the Statement ofFinancial |
Activities on | an accruals basis. | ||||||||||||
| I'und Accounting | ||||||||||||||
| Uiifcsnlctixi runes can oe uses in accordance wim me cnaniaoie oolecuves or |
me nocrcty, | ai | me oiscreuon | or me | i rustees, | uesmctea | ||||||||
| funds can only be used for the particular restricted purposes within the objectives |
ofthe Sociely. | |||||||||||||
| The association bas the following designated funds: |
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| Rankins Fund |
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| Thc Rankine Fund has been consolidated inta the British Geotechnical Association accounts. |
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| BGA Fund | ||||||||||||||
| The BGA Fund hes been consolidated into the British Geotechnicsl Association accounts. |
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| Invesbnents | ||||||||||||||
| investments are shown at market value. itnrealtsed gains are incorporated |
wiitun | the tune balaiices | to which the | investmcnts | relate and are | |||||||||
| identified as unrealised. Cash held as part ofthc invesimenls pottfolio is included |
in investments. | |||||||||||||
| Taxatlob | ||||||||||||||
| The charity is exempt from taxation on its charitable activities. |
| 7.Charitable activities |
2021 | 2020 | |
|---|---|---|---|
| f | f | ||
| Subscripticns to other bodies |
16,083 | 15,201 | |
| Awardr dt prizes |
3,287 | 3,948 | |
| Administration | 14,794 | 11,573 | |
| Honoraria | 11,700 | 11,700 | |
| Website | 410 | 7,272 | |
| Postage | 54 | 47 | |
| Printing, stationery and photocopying |
4,043 | 2,207 | |
| Meeting expenses | 969 | 2,312 | |
| Publication -Ground Engineering |
70,200 | 66,522 | |
| Other expenses | 3,542 | ||
| Reviewer Fee | 1,134 | 1,122 | |
| Costoftrustees meeting | 183 | 209 | |
| Community support activities |
1,108 | ||
| Bank charges | 96 | 72 | |
| 124,061 | 125,727 | ||
| 8,Investments -Rankine fund |
2021 | 2020 | |
| f | |||
| Market value at 1 Janmuy | 2021 | 418,156 | 396,704 |
| Disposals at market value | (226,372) | (225,677) | |
| Acquisitions at cost |
218,889 | 233,044 | |
| Net gain on revaluation | 50,945 | 14,085 | |
| Listed investments at market value at 31December 2021 |
461,618 | 418,156 | |
| Cash on deposit awaiting | investment | 18,423 | 5,639 |
| Market value as at 31December 2021 | 480,041 | 423,795 | |
| 9. Debtors | 2021 | 2020 | |
| f | |||
| Other Debtors (including | Prepayments) | 8,449 | 6,241 |
| Amount due from ICE |
19,256 | 16,110 | |
| 27,705 | 22,351 |
| 10. Creditors | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| f | ||||||
| Creditors and accruals | 76,477 | 75,281 | ||||
| Subscriptions and other receipts |
in advance | 61,586 | 90,232 | |||
| 138,063 | 165,513 | |||||
| Funds held on behalf ofFMGM | amount tof5,143atyear | end. | ||||
| 11. Analysis ofnet assets between | funds | Unrestricted | Designated | Total | ||
| Funds | Funds | Funds | ||||
| f | f | |||||
| Fund balances at 31December | 21121represented | by: | ||||
| investments | 192,016 | 288,026 | 480,042 | |||
| Cunent assets | 240,135 | 11,537 | 251,672 | |||
| Current liabilities falling duc within |
one year | (13&,063) | (138,063) | |||
| Transfer between funds |
32,712 | (32,712) | ||||
| 326,800 | 266,851 | 593,651 | ||||
| Fund balances at 31December | 2020 represented | by: | ||||
| Investments | 169,518 | 254,277 | 423,795 | |||
| Current assets | 240,747 | 13,182 | 253,929 | |||
| Current liabilities falling due within |
one year | (165,513) | (165,513) | |||
| Transfer between funds | 30,912 | (30,912) | ||||
| 275,664 | 236,547 | 512,211 | ||||
| 12.Designated fund analysis |
Rankine Fundf | BGA Fund f |
Total f |
|||
| Balance brought forward at 1 January 2021 |
223,365 | 13,182 | 236,547 | |||
| Dividends and interest received |
4,678 | 1 | 4,679 | |||
| Designated expenditure |
(1,800) | (1,646) | (3,446) | |||
| investment Management fees |
(1,496) | (1,496) | ||||
| Gain on investment assets |
30,567 | 30,567 | ||||
| Fund balances camed forward at 31 December 2021 | 255,314 | 11,537 | 266,851 |
| 13.Trustee expenses | 13.Trustee expenses | 13.Trustee expenses | |||||
|---|---|---|---|---|---|---|---|
| Expenses reimbursed to four Tnutccs, |
relating to Cooling Prize 2021 and ECGevents. | ||||||
| 2021 | 2020 | ||||||
| g | g | ||||||
| 572 | 218 | ||||||
| No. | No. | ||||||
| Number ofTrustees | 4 | 1 | |||||
| 14.Honorary ONcers |
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| During the | year, the Association's | Honoraty | OIEcers received honoraria | amounting | to the following: | ||
| 2021 | 2020 | ||||||
| g | |||||||
| Nick Armstmng - Honorary | Secretary | 6,000 | 6,000 | ||||
| Yvonne Ainsworth - | Honorary | Treasurer | 3,600 | 3,600 | |||
| Martin Preene - Honorary Publicity Officer | 2,100 | 2,100 | |||||
| 11,700 | 11,700 | ||||||
| 15. Staff | |||||||
| The Association does not employ | statf | directly. |