**Charity Registration No. 284718**
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Council** Professor S Phillips, President Professor S Parsons, Vice-president Dr A Stanley, Secretary Dr A Warren, Ordinary Member Dr C Doherty, Ordinary Member and Bursaries Coordinator Dr H Sparkes, Co-Opted Ordinary Member Dr M Roe, Biological Structures Group Representative Dr G Nichol, Chemical Crystallography Group Representative Dr H Blade, Industrial Group Representative Dr H Playford, Physical Crystallography Group Representative Dr S Coles, Education and Outreach Coordinator N Hardaker, Ex-Officio Administration Officer Dr C Hobday, Ex-Officio Webmaster Dr T Edwards, Co-Opted Member and Spring Meeting Programme Chair Dr T Roseveare Professor J Finnery **Special Interest Group Chairs** Dr K Brown, Biological Structures Dr I Oswald, Chemical Crystallography Dr A Phillips, Physical Crystallography Dr H Blade, Industrial Dr E Carrington, Young Crystallographers **Charity number** 284718 **Principal address** 62 Chase Ridings Enfield EN2 7QE **Independent examiner** UHY Hacker Young (East) Limited 2B Vantage Park Washingley Road Huntingdon Cambridgeshire PE29 6SR
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Bankers**
CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **CONTENTS**
||**Page**|
|---|---|
|Council's report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Statement of cash flows|6|
|Notes to the financial statements|7 - 14|
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **COUNCIL'S REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
The Council present their annual report, together with the financial statements of The British Crystallographic Association (the Charity) for the year ended 31 December 2020. The Council confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP 2015) "Accounting and Reporting by Charities".
## **OBJECTIVES AND ACTIVITIES**
## **Policies and objectives**
The Council confirm that they have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties and in setting the policies and objectives of the Charity. The Objectives of the Charity are to advance the education of the public in the science of crystallography and to promote its teaching and applications, in academia and industry, particularly within the British Isles. There have been no changes in the objectives since the last annual report.
## **Main activities undertaken to further the Charity's purposes for the public benefit**
The Charity provides information and learning material tailored to different interested parties through the pages of its website. The pages are aimed as resources to aid both students and teachers. In addition, the Charity has organised and participated in public engagement activities to promote crystallographic sciences.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Summary of main achievements**
The activities of the charity suffered inevitable disruption in 2020 due to the CoVid pandemic. The 4-day spring meeting was cancelled altogether, however we were able to hold three 1-day autumn meetings for the dissemination and discussion of scientific research and breakthroughs that relate to the field of crystallography and its impact across a wide range of disciplines including chemistry, physics, biology, medicine, earth sciences and mathematical and computer sciences. The pandemic severely reduced the opportunities for our members to participate in events and engage the public to spread scientific knowledge. However, the Charity has sought to engage in alternative digital and virtual initiatives to spread scientific knowledge.
## **FINANCIAL REVIEW**
## **Review of the financial position of the Charity**
During the year the Charity had a deficit on a restricted funds of £586 and a deficit on unrestricted funds of £19,476. The deficit is in large part accounted for by the cancellation of the spring meeting, which resulted in £14,472 of unavoidable losses. At the balance sheet date restricted funds totalled £126,800 and unrestricted funds £129,816. The major financial challanges of the pandemic have been addressed in the 2020 accounting year, with the losses from the cancelled spring meeting, and these funds are sufficient to meet currently anticipated requirements for future activity of the Charity.
## **Reserves policy**
The Council members have conducted their own review of the reserves that the Charity requires for sustaining its objectives. The major considerations are with regard to the long term funding of meetings and bursaries and funding projected deficits from reduced investment income and rising administration expenses. Existing fund balances are considered adequate to meet these needs. In addition the Council periodically review this area in conjunction with financial planning information.
The Charity does not have any material commitments or guarantees which could affect its future solvency.
- 1 -
BRITISH CRYSTALLOGRAPHIC ASSOCIATION
COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2020
Plan• for futyr• wrfod•
The Charity pl#n$ to continue the ac*'wlies th8t made 8 drfferonce to Ihe CIr($tanCs of it8
b•nefic48fies, both in the scientrfi¢ cornmunty among tho widef Wt4io The Charity will b• arAiv8 in
encouraging young people to pursue careers in science. DJ¢ to the Cow&19 pandamiq the swing 2021
meeting wll bts in a wrtual lormat. The Charity rewiew the format of Ihe autumn 2021 over the summer,
depending on the progress ol vacrine rDII crtrt and disease wevafence. 1¢ is anticgp8ted that the spring 2022
meeting wll See a relum to a lfve ewént
STRUCTUR4 GOVERNANCE AND IAANAGEMENT
Con•tllutton
The Chanty is conjlituled as an Unincorpor8t•d A380ath'on under a Tnjst d•ed dat•d 6 Awil 1982 and is
reglJtered thanty in Enfjnd and Wales number 284718 and in Scotland number SC042263.
M•thod irf •ppolntm•nt or •l•ctlon of Cgun
Th• managemont of thv Ch8dty is the rewgibdity of th• Coun¢il arB elethd And tyoptèd under th8
lornis of the Stalut•s And Bye LM. Th• Cnl officern and thre• further Counal m•mbers ar• d•ct•d by
the members of th• Charity 41 Annual G•n•rnl Meetings. Ead) group dso nominates a Counc41 member, and
the Counul moy ccwpt up lo four further Counal members. Elect•d Counfil members J8rve from the end ol
the Annual G•n•ral Meeting at wttich the eleth.on toc* F4ace unlil the third Annual General Mo•ting follcAvino
the eledon. No perw may serve more thon two c(se¢U1Jve tenns in the same office, nor mora than threa
conseojtive threfryear terms in any eleded c8p81ity, and may not accapt nominatson for a lurther •lected
office during the last tsvo years of this ninepyear peris)d. The Pre*denl sh81 nomially serve for on• three-year
lemi only and thén 8erNt for ¢)né morn yéar 88 immédiatts Past PresidenL Cfyopted M•mber8 of the Coundl
shall Serve lor a fixed period not exceeding three years to be delefmintrd by Counul 81 tho tlm• of tho
option. No person may be ctsopted fcrf morn than nine years. No pwson may b• both 8n officer
And a group r•pr•SL?tivO.
Org•nl•all¢)n•l *ru¢lur• and d•¢l•lon MIng
The Charity ig rnn by o Cwnal vthith wldudes Ihe Irustee8 - Pre&dent. ItlctrPr•ald•nL seryry and
Trn8surèr. Separate respon*'bilrty is gNen for Ngani%ng events 8uth 88 the Annlsal Swng Meeting. In
addition. thorè are speca81 inlèmst grcmjps wthin Ihe Chaty color for speoalist minority n•èds and
quart•rty Nthvsl•tter. The Biok*gical Strudures Group, the Ch8mic81 Crystswography Group. thè Industrial
Group and Young CrygtallDgr8phers Group. vknilst bw'ng p8rt of the Chgrty, run their own affairs completdy
separately and are not gnswerg14e lo the BCA Council. The Physical Crystdlography Group 18 olso part of th?
Charity but its fnanoal affairs are run ty the Instiiutti of Physics.
Rl•k min•gem•
The Counal members haw conducted ttth'r ovm cf the moyy risk# lo the Charity is •ypos•d.
The only con*deralion is rog4rd lo its investmen¢s and to mitigate those ri*k$, the Charity h9$ all rty
investrnents placed an independent prOfeOnal management Gcfflpany. In addition, the Council
periodically review this 8rea in coniunthon wth interim investhieni portrolio infomi8tion. The Charrty's powers
of invesbnent arg detwmingd undw Ihe Trusiee Ad 2LMJO.
Sols1% I
PrDfessor S Phllips, President
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE COUNCIL OF BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
I report to the Council on my examination of the financial statements of British Crystallographic Association (the charity) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the Council of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Act as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Shona Munday FCA
UHY Hacker Young (East) Limited
2B Vantage Park Washingley Road Huntingdon Cambridgeshire PE29 6SR
**14/04/2021** Dated: .........................
- 3 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
5,795
200
Charitable activities
**4**
30,320
-
Investments
**5**
6,066
6
**Total income**
42,181
206
**Expenditure on:**
Charitable activities
**6**
37,161
672
Costs of r aising funds
**7**
13,316
120
**Total expenditure**
50,477
792
Net gains/(losses) on investments
**10**
(11,180)
-
**Net movement in funds**
(19,476)
(586)
Fund balances at 1 January 2020
149,292
127,386
**Fund balances at 31 December 2020**
129,816
126,800|**Total**
**2020**
**£**
5,995
30,320
6,072
42,387
37,833
13,436
51,269
(11,180)
(20,062)
276,678
256,616|**Total**
**2019**
**£**
17,854
149,541
7,210|
|---|---|---|
|||174,605|
|||170,750
14,240|
|||184,990|
|||18,001|
|||7,616
269,062|
|||276,678|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2020**_
|**Notes**
**Fixed assets**
Investments
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
Unrestricted funds|**2020**
**£**
4,649
113,304
117,953
(27,712)|**£**
166,375
90,241
256,616
126,800
129,816
256,616|**2019**
**£**
4,561
115,323
119,884
(7,726)|**£**
164,520
112,158
276,678
127,386
149,292
276,678|
|---|---|---|---|---|
The financial statements were approved by the Council on ......................... 31/03/21
..............................
## **Dr C Naylor**
- 5 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**17**
**Investing activities**
Purchase of investments
Proceeds on disposal of investments
Interest received
**Net cash (used in)/generated from**
**investing activities**
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2020**
**£**
(42,909)
29,874
6,072|**£**
4,944
(6,963)
-
(2,019)
115,323
113,304|**2019**
**£**
(15,068)
17,666
7,210|**£**
(2,367)
9,808
-
7,441
107,882
115,323|
|---|---|---|---|---|
- 6 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **Charity information**
The British Crystallographic Association is an unincorporated registered charity in England and Wales number 284718 and in Scotland number SC042263.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with charity's Trust deed dated 6 April 1982, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Council have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. This has included consideration of the Covid-19 pandemic and it's effects on the charity as outlined in the Council's Report. Thus the Council continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Council in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by charity.
## **1.4 Incoming resources**
Income is recognised when charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
## **1.6 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
## **1.8 Financial instruments**
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
**BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of charity’s accounting policies, the Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**£**
**£**
Donations and gifts
5,795
200
For the year ended 31 December 2019
5,572
12,282|**Total**
**2020**
**£**
5,995|Total
2019
£
17,854
17,854|
|---|---|---|
- 9 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **4 Charitable activities**
|Other income
Analysis by fund
Unrestricted funds
For the year ended 31 December 2019
Unrestricted funds
Restricted funds|**2020**
**£**
30,320
30,320|2019
£
149,541
106,482
43,059
149,541|
|---|---|---|
## **5 Investments**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**£**
**£**
Income from listed investments
6,062
-
Interest receivable
4
6
6,066
6
For the year ended 31 December 2019
7,195
15
**Charitable activities**
**Unrestricted**
**funds**
**Restricted**
**funds**
**£**
**£**
Subscription for International bodies
12,977
Annual conference
14,417
-
Meeting of groups
(23)
Newsletters
9,767
-
Course fees and accommodation
145
Grants and sponsorship to individuals
-
550
Awards and bursaries
-
-
37,161
672|**Total**
**2020**
**£**
6,062
10
6,072
**2020**
**£**
12,977
14,417
(23)
9,767
145
550
-
37,833|Total
2019
£
7,188
22
7,210
7,210
2019
£
12,549
89,127
4,012
8,402
52,610
2,400
1,650
170,750|
|---|---|---|
## **6 Charitable activities**
- 10 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **7 Costs of r aising funds**
|**Unrestricted Restricted**
**funds**
**funds**
**£**
**£**
Accountancy fees
5,520
-
Insurance
896
-
Bank and security charges
146
120
Council member expenses
-
-
Administration fees and expenses
6,754
-
13,316
120
For the year ended 31 December 2019
Costs of raising funds
14,090
150|**Total**
**2020**
**£**
5,520
896
266
-
6,754
13,436|Total
2019
£
5,400
784
286
168
7,602
14,240
14,240|
|---|---|---|
## **8 Council**
None of the Council (or any persons connected with them) received any remuneration or benefits from the charity during the year.
No Council members received reimbursement of expenses in the current year, (2019: 1 council member received reimbursement of expenses of £168).
## **9 Employees**
There were no employees during the year.
## **10 Net gains/(losses) on investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2020**|2019|
||**£**|£|
|Revaluation of investments|(11,180)|
18,001|
## **11 Taxation**
The Charity is exempt from tax on income and gains falling within s524 of the Income Tax Act 2007 and s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the Charity.
- 11 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **12 Fixed asset investments**
|||||**Listed**|
|---|---|---|---|---|
|||||**investments**|
|||||**£**|
||**Cost or valuation**||||
||At 1 January 2020|||164,520|
||Additions|||42,909|
||Valuation changes|||(11,180)|
||Disposals|||(29,874)|
||At 31 December 2020|||166,375|
||**Carrying amount**||||
||At 31 December 2020|||166,375|
||At 31 December 2019|||164,520|
|**13**|**Debtors**||||
||||**2020**|2019|
||**Amounts falling due within one year:**||**£**|£|
||Prepayments and accrued income||4,649|4,561|
|**14**|**Creditors: amounts falling due within one year**||||
||||**2020**|2019|
||||**£**|£|
||Accruals and deferred income||27,712|7,726|
|**15**|**Analysis of net assets between funds**||||
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**£**|**£**|**£**|
||Fund balances at 31 December 2020 are represented by:||||
||Investments|126,362|40,013|166,375|
||Current assets/(liabilities)|3,454|86,787|90,241|
|||129,816|126,800|256,616|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2019 - none).
- 12 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**17**
**Cash generated from operations**
(Deficit)/surpus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Cash generated from/(absorbed by) operations**|**2020**
**£**
(20,062)
(6,072)
11,180
(88)
19,986
4,944|2019
£
7,616
(7,210)
(18,001)
23,962
(8,734)
(2,367)|
|---|---|---|
- 18 **Analysis of changes in net funds** The charity had no debt during the year.
## **19 Statement of Funds**
||**Balance at 1**|||||**Balance at 31**|
|---|---|---|---|---|---|---|
||**January**|**Incoming**||**Transfers**|**Gains/**|**December**|
||**2020**|**Resources**|**Expenditure**|**in/(out)**|**(Losses)**|**2020**|
|**Current year**|**£**|**£**|**£**|**£**|**£**|**£**|
|**Restricted funds**|||||||
|Arnold Beevers Bursary|||||||
|Fund|2,596|-|-|-|-|2,596|
|IUCr Bursary Fund|27,431|-|-|-|-|27,431|
|Dorothy Hodgkin Prize|||||||
|Fund|8,705|-|-|-|-|8,705|
|Chemical Group Teaching|||||||
|School|38,777|-|(145)|
-|-|38,632|
|Chemical Group Fund|7,462|202|(60)|
-|-|7,604|
|Industrial Group Fund|34,948|23|-|-|-|34,971|
|Biological Structures Group|||||||
|Fund|5,649|4|(610)|
-|-|5,043|
|Durward Cruikshank Fund|1,281|-|-|-|-|1,281|
|Young Crystallographers|||||||
|Group Fund|537|-|-|-|-|537|
|Physical Crystallography|||||||
|Group|-|-|-|-|-|-|
||127,386|229|(815)|
-|-|126,800|
|**Unrestricted funds**|||||||
|General Fund|149,292|42,181|(50,477)|
-|(11,180)|
129,816|
|**Total of funds**|276,678|42,410|(51,292)|
-|(11,180)|
256,616|
- 13 -
## **BRITISH CRYSTALLOGRAPHIC ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
||**Balance at 1**|||||**Balance at 31**|
|---|---|---|---|---|---|---|
||**January**|**Incoming**||**Transfers**|**Gains/**|
**December**|
||**2019**|**Resources**|**Expenditure**|**in/(out)**|**(Losses)**|
**2019**|
|**Prior year**|**£**|**£**|**£**|**£**|**£**|
**£**|
|**Restricted funds**|||||||
|Arnold Beevers Bursary|||||||
|Fund|3,746|-|(1,150)|
-|-|
2,596|
|IUCr Bursary Fund|27,431|-|-|-|-|
27,431|
|Dorothy Hodgkin Prize|||||||
|Fund|8,705|-|-|-|-|
8,705|
|Chemical Group Teaching|||||||
|School|39,693|50,524|(51,440)|
-|-|
38,777|
|Chemical Group Fund|2,629|123|4,710|-|-|
7,462|
|Industrial Group Fund|40,372|4,058|(9,482)|
-|-|
34,948|
|Biological Structures Group|||||||
|Fund|8,458|651|(3,460)|
-|-|
5,649|
|Durward Cruikshank Fund|1,281|-|-|-|-|
1,281|
|Young Crystallographers|||||||
|Group Fund|537|-|-|-|-|
537|
|Physical Crystallography|||||||
|Group|-|-|-|-|-|
-|
||132,852|55,356|(60,822)|
-|-|
127,386|
|**Unrestricted funds**|||||||
|General Fund|136,210|119,249|(124,168)|
-|18,000|
149,292|
|**Total of funds**|269,062|174,605|(184,990)|
-|18,000|
276,678|
- 14 -