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|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|
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||||||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|
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||||||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|
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||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|
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|||||||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|
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|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.||||||
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|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|
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|||||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|
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||||||||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|
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