2021-12-31-accounts

		Page
Legal and administrative information
Trustees' report		2-5
Auditors' report to the	members	6-8
Statement offinancial	activities
Balance sheet		10
Notes to the financial	statements	11 - 18

					Unrestricted	2021	2020
					funds	Total	Total
				Notes		f.
Income
Income from Investments					8,996	8,996	9,088
Income from charitable		activities			44,875	44,875	31,323
Other income					7,500	7,500	9,096
Total income					61,371	61,371	49,507
Expenditure
Expenditure on charitable activities				7	42,892	42,892	46,345
Total expenditure					42,892	42,892	46,345
Net surplus for the year		before gains/(losses)	on investments		18,479	18,479	3,162
Net gains/(losses)	on investments
Gains/(Losses) on revaluation
of investment assets					19,886	19,886	(31,203)
Net movement in	funds				38,365	38,365	(28,041)
Reconciliation of	funds
Total funds brought	forward				410,215	410,215	438,256
Total funds carried forward					448,580	448,580	410,215

					2021		2020
			Notes
Fixed assets
Tangible fixed assets			10		661		1,634
Current assets
Debtors			ll	1,871		1,827
Current asset	investment		12	168,539		148,652
Bank and cash				279,903		260,789
				450,313		411,268
Creditors:	amounts	falling
due within	one year		13	(2,394)		(2,687)
Net current	assets				447,919		408,581
Net assets					448,580		410,215
Funds			15
Unrestricted	income funds				448,580		410,215
Total funds					448,580		410,215

	Support	costs are	costs are	costs are		those	functions	functions	functions	that assist the	that assist the	that assist the	work of the	charity	but	do not directly	do not directly	do not directly	undertake	undertake	charitable
	activities.		Support			costs	include			outsourcing		administration		costs,	finance,		printing,	postage		and	stationery,
	professional		and	governance				costs		which	support		the Institute	programmes		and activities.			These costs		have been
	allocated	between			cost of		activities			in furtherance			ofthe objects	of the charity			( note 7).
4.	Income	from Investments
															Unrestricted				2021		2020
																	funds		Total		Total
																	g
	Bank interest receivable																982		982		1,832
	Listed investment				income												8,014		8,014		7,256
																	8,996		8,996		9,088
5.	Income	from charitable						activities
															Unrestricted				2021		2020
																	funds		Total		Total
																	g
	Membership		Subscriptions														25,160		25,160		11,839
	Advertising		revenue			and journal			subscriptions								2,742		2,742		5,181
	Examination		entry		fees												5,000		5,000		3,610
	General																11,973		11,973		10,693
																	44,875		44,875		31,323
6.	Other income
															Unrestricted				2021		2020
																	funds		Total		Total
																					g
	HM Government			business			support			scheme	grant						7,500		7,500		9,096
																	7,500		7,500		9,096

						Advertising
					Membership	nnd jouroni
					subscription	subscription	Exnminnttons	Governance	2021	2020
									g
Costs directly
allocated to	activities
Basis ofallocation			—Direct
Examination	charges						288		288	757
Repairs and	maintenance				831				831	245
Journals printing,		postage and related			costs	16,649			16,649	16,425
Telephone					455				455	265
Sponsorships	and	awards			100				100	100
Support costs
allocated to	activities
Basis ofallocation			-to main	activity
Staff salaries										6,009
Pension contributions										595
Committee meeting			expenses					382	382	690
Insurance								1,166	1,166	1,150
Outsourcing	administration			costs	6,282				6,282
Printing, postage and stationery					308			255	563	848
Computer costs					179				179	2,069
Staff training	costs									363
Bank charges					125				125	20
Irrecoverable	VAT				3,216				3,216	2,043
Accountancy	fees							790	790	972
Audit fees								2,925	2,925	2,925
General expenses					780				780	2,083
Depreciation					973				973	973
Rent Payable					7,188				7,188	7,813
					20,437	16,649	288	5,518	42,892	46,345

Employees
Employment		costs					2021	2020
							5	5
Wages and	salaries							6,009
Pension costs								595
Other costs								363
								6,967
During the year		the charity outsourced		its administration	and accounting	function to Cygnul	Limited, a complete
outsourcing	and	office solutions	company.

as follows:
			2021	2020
			Number	Number
Administration
Out ofpocket expenses	were reimbursed	to the trustees as follows:
			2021	2020
			5
Travel, accommodation,	stationery		382	690

				Fixtures,
10.	Tangible fixed assets			fittings and
				equipment	Total
	Cost
	At 1 January 2021 and
	At 31 December 2021			2,947	2,947
	Depreciation
	At 1 January 2021			1,313	1,313
	Charge for the year			973	973
	At 31 December 2021			2,286	2,286
	Net book values
	At 31 December 2021			661	661
	At 31 December 2020			1,634	1,634
11.	Debtors
				2021	2020
				K
	Trade debtors			619	479
	Other debtors			1,172	1,298
	Prepayments			80	50
				1,871	1,827
12.	Current asset investments
				2021	2020
	M &G Charifund (Income) at		market value
	Listed short term investment			168,539	148,652
13.	Creditors: amounts	falling	due
	within one year			2021	2020
	Taxes snd social security creditor			19
	Accruais and deferred	incoming	resources	2,375	2,687
				2,394	2,687

							Unrestricted	Total
							funds	funds
							8
	Fund balances		at 31 December 2021 as represented	by:
	Tangible	fixed	assets				661	661
	Current	assets					450,313	450,313
	Current	liabilities					(2,394)	(2,394)
							448,580	448,580
15.	Unrestricted		funds	At				At
			IJanuary		Incoming	Outgoing	Gains and 31	December
				2021	resources	resources	(losses)	2021
					g	g	g	K
	General	fund	410,215		61,371	(42,892)	19,886	448,580