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||||||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|||||||
|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|||||||
|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|||||||||||||||
|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:|||||||||||||||
|a) sdect suitable accounting
policies and then apply them consistently|||||||||||||||
|b) make Judgements
and estimates that are reasonable
and prudent|||||||||||||||
|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|||||||||||||||
|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||||
|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:|||||||||||||||
|Rankins
Fund|||||||||||||||
|Thc Rankine Fund has been consolidated
inta the British Geotechnical
Association
accounts.|||||||||||||||
|BGA Fund|||||||||||||||
|The BGA Fund hes been consolidated
into the British Geotechnicsl
Association accounts.|||||||||||||||
|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||||||||
|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.|||||