2021-03-31-accounts - Association Of Anaesthetists (Great Britain & Ireland)

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Report of the Trustees.	.
Report ofthe Independent Auditors ..		..18
Statement of Financial	Activities	..22
Statement of Financial	Position ..	..233
Statement ofCash Flows.		..244
Notes to the Statement	ofCash Flows ..	...255
Notes to the Financial	Statement.	266

For the year ended 2021	31 March	31 March		Unrestricted	Restricted	2021 Total	2020 Total
				funds	funds	funds	funds
			Notes	E	6		E
Income and endowments		from
Donations			3	1,677,858	55,090	1,732,948	1,573,139
Government Grant	- CJRS			80,232		80,232
Charitable activities
Educational programme			6	444,418		444,418	1,516,108
Other trading activities			4	1,360,110		1,360,110	1,537,299
Investment income			5	266,059		266,059	346,042
Total
				3,828,677	55,090	3,883,767	4,972,588
Expenditure on
Raising funds			7	88,330		88,330	79,180
Charitable activities
Educational programme				2,457,928	5,000	2,462,928	3,643,109
International programme				146,985		146,985	273,993
Research programme				194,096	13,040	207,136	381,286
Heritage programme				451,340	5,000	456,340	441,461
				3,250,349	23,040	3,273,389	4,739,849
Total				3,338,679	23,040	3,361,719	4,819,029
Net income before investment				489,998	32,050	522,048	153,559
gains/(losses)
Net gains/(losses) investments	on			1,794,626		1,794,626	(1,024,518)
Net movement in	funds			2,284,624	32,050	2,316,674	(870,959)
Reconciliation of	funds
Total funds brought	forward			16,170,193	25,220	16,195,413	17,066,372
Total funds carried forward				18,454,817	57,270	18,512,087	16,195,413

				2021 Total	2020 Total
				funds	funds
			Notes	F	f
Fixed assets
Tangible assets			15	6,421,285	6,371,968
Investments			16	11,097,747	9,032,853
				17,519,032	15,404,821
Current assets
Debtors			17	271,873	426,572
Cash at bank				1,126,251	982,148
				1,398,124	1,408,720
Creditors
Amounts falling due within		one year	18	405,069	618,128
Net current	assets			993,055	790,592
Total assets	less current	liabilities		18,512,087	16,195,413
Net assets				18,512,087	16,195,413
Funds			20
Unrestricted	funds			18,454,817	16,170,193
Restricted funds				57,270	25,220
Total funds				18,512,087	16,195,413

							2021	2020
				Notes				F
Cash flows from	operating	activities:
Cash generated from operations							604,410	474,874
Net cash provided activities	by (used	in) operating					604,410	474,874
Cash flows from	investing	activities;
Purchase oftangible fixed assets							(456,098)	(779,284)
Purchase offixed	asset investments						(2,149,108)	(740,930)
Proceeds from sale offixed		asset investments					1,878,840	1,709,632
Interest received							275	1,282
Listed investment	income						265,784	344,760
Net cash provided activities	by (used	in) investing					460,307	535,460
Change in cash	and cash	equivalents	in the reporting		period		144,103	60,586
Cash and cash equivalents		at the beginning		ofthe reporting		period	982,148	921,562
Cash and cash equivalents		at the end of	the	reporting
period							1,126,251	982,148

Reconciliation of net income/(expenditure)	Reconciliation of net income/(expenditure)	to net cash flow	from operating	activities
			2021	2020
			E	F
Net income/(expenditure) for the reporting		period (as per the	2,316,674	(870,959)
statement offinancial	activities)
Adjustments for:
Depreciation charges			406,781	316,236
(Gain)/losses on investments			(1,794,626)	1,024,518
Interest received			(275)	(1,282)
Listed investment income			(265,784)	(344,760)
Decrease/(increase)	in debtors		154,699	(95,755)
(Decrease)/increase	in creditors		(213,059)	(502,872)
Net cash provided by	(used in) operating	activities	604,410	(474,874)

							2021	2020
							6	6
Unrestricted
Donation from Association			ofAnaesthetists				1,682,448	1,493,764
Donations Individuals							4,590	16,528
							1,677,858	1,510,292
Restricted
Donations Individuals							16,698	24,413
Donations Corporate							20,540	31,049
Grants							17,852	7,386
							55,090	62,848
TOTAL DONATIONS							1,732,948	1,573,140
Donations received,		included		in the		above are as follows:
							2021	2020
							6
The Association	ofAnaesthetists				of	Great Britain and Ireland	1,682,448	1,493,764
4. Other trading		activities
							2021	2020
							6
Management charge		to Association				ofAnaesthetists	1,017,552	956,236
e-education Sponsorship			&Fees				146,413	41,627
Exhibition stand	fees						6,370	315,963
Catering and facilities hire								17,850
Support services							189,775	205,623
							1,360,110	1,537,299
5. Investment	income
							2021	2020
								f
Listed investment	income						265,784	344,760
Interest on cash	deposits						275	1,282
							266,059	346,042

6. Incom	e from charitab	le activities
					2021	2020
General conferences					306,670	921,034
Trainee conference						48,036
Seminars					90,117	331,728
Core Topics	and workshops				47,631	215310
					440,418	1,516,108
7. Raising funds
					2021	2020
					6	6
Fundraising	costs				39,887	30,000
Investment	managers fees				48,443	49,180
					88,330	79,180
8. Charitable activities		costs
2021 Costs		Direct costs	Grant funding		Support costs	2021
			ofactivities ( Seenote 9)		( Seenote 10)	Totals
Educational	programme	642,370			1,820,558	2,462,928
International	programme	31,130	(6,911)		122,766	146,985
Research programme		40,663	51,372		115,101	207,136
Heritage programme		110,872			345,468	456,340
Total 2021 Costs		825,035	44,461		2,403,893	3,273,389
2020 Costs		Direct costs	Grant funding		Support costs	2020
			ofactivities ( See note 9)		( See note 10)	Totals
				f.
Educational	programme	1,692,191			1,950,918	3,643,109
International	programme	29,663	108,871		135,459	273,993
Research programme		37,493	214,661		129,132	381,286
Heritage programme		112,971			328 490	441 461
Total 2020 Costs		1,872,318	323,532		2,543,999	4,739,849
9. Grants	payable
					2021	2020
						f:
International	programme				(6,911)	108,871
Research programme					51,372	214,661
					44,461	323,532
							-31-

9.Grants payable —continued Research Programme and other grants	9.Grants payable —continued Research Programme and other grants
The following research projects were funded from		unrestricted	funds	during the course of the year:
NIAA Research Grants, Round 1				2021 f	2020 f
Sheffield Teaching Hospital NHS Foundation	Trust				1,920
University Hospitals Birmingham NHS Foundation		Trust			4,867
Cardiff &Vale University Health Board					30,661
University of Liverpool					11,751
Sheffield Teaching Hospital NHS Foundation Trust University Hospitals Birmingham NHS Foundation Sheffield Teaching Hospital NHS Foundation Trust King's College London		Trust			12,820 6,330 28,685 33,412
					130,446
NIAA Research Grants, Round 2
Manchester University NHS Foundation Trust				32,842
University of Oxford				3,237
Brighton &Sussex University Hospitals NHS Trust				18,453
University of Oxford, John Radcliffe Hospital University Hospitals Birmingham NHS Foundation Queen Elizabeth Hospital Birmingham Charity		Trust		2,840	9,769 14,000
Manchester University Hospitals					18,680
North Bristol NHS Trust					9,965
University of Glasgow					16,440
				57,372	68,854
NIAA UK Perioperative Medicine Clinical Trials		Network		5,000	10,000
Grants returned as unspent during the year
University College Hospitals NHS Foundation University College Cork Research University Hospital Southampton	Trust			(5,000)	(2,399) ~3.385
				(5,000)	(5,584)
Total Institutional Grants in the Year				57,372	203,716
Undergraduate Elective Grants
Nil grants (2020:15) awarded in year					8,000
11grants (2020: none) returned in year				(6,000)
Total Grants to Individuals in Year				6,000	8,000
Total Research Grants in Year				51,372	211,716
Standard Grants —Travel grants for standards Nil grants (2020:3)awarded in year		work			2,945
Total Grants Awarded				51,372	214,661

The total grants paid during the year was as follows:	The total grants paid during the year was as follows:	The total grants paid during the year was as follows:	The total grants paid during the year was as follows:
				2021f	2020 F
Individual Grants				(6,000)	10,945
institutional Research Grants	- Unrestricted			44,333	172,667
Institutional Research Grants	- Restricted			13,039	31,049
Research and Other Grants				51,372	214,661
International
The following types of grants	were made by the
International Relations Committee (IRC) during the
course ofthe year to support	international	work	in low
resource countries
Book Programme				1,154	2,229
Educational Project Grants					38,435
Travel Grants					19,763
SAFE, Lifebox and Uganda Fellowship Schemes				4,000	48,444
International programme expenditure				5,154	108,871
Grants returned as unspent Educational Project Grants Travel Grants	during the	year		(3,000) ~9,666 12,065
Net international programme	expenditure				108,871
Total Grants in Year				44,461	323,532

Programme	Accommodation	Administrative	Management	Governance	Totals
2021	expenses 8	expensesf			2021
Educational	287,431	1,020,728	140,966	371,433	1,820,558
International	19,383	68,830	9,506	25,047	122,766
Research	17,172	64,534	8,912	23,483	115,101
Heritage	54,543	193,692	26,750	70,483	345,468
	379,529	1,347,784	186,134	490,446	2,403,893
Programme	Accommodation	Administrative	Management	Governance	Totals
2020	expenses	expenses			2020
	E	8	6	Z	6
Educational	312,046	1,013,066	195,873	429,933	1,950,918
International	21,668	70,345	13,601	29,845	135,459
Research	20,655	67,056	12,964	28,457	129,132
Heritage	52,540	170,573	32,979	72,398	328,490
	406,909	1,321,040	255,417	560,633	2,543,999

Net income	/(expenditure	) is stated after charging/(cre	diting):
			2021	2020
			p
Audit fees			9,587	8,340
Non-audit	remuneration	paid to auditors		462
Depreciation - owned		assets	406,781	316,236

					2021	2020
Salaries and	wages				1,646,855	1 614894
Social security costs					155,567	148,993
Pension costs					212,123	153,611
Other staff related costs					59,598	110,176
Total gross					2,074,143	2,073,204
Less: costs	capitalised				(61,334)	(104,312)
					2,012,809	1,968,893
The average	monthly	number	of employees	during the year was as follows:
					2021	2020
Events					7	7
Specialist societies					3	2
Facilities					4	4
Governance	and management				4	4
Finance					5	5
Other					19	18
					42	40

The number ofemployees	pension costs)	exceeded
660,000 was:
	2021	2020
E60,001 - E70,000	2	2
670,001 - 280,000	1	1
280,001 - E90,000
E90,000 - E100,000

14. Previous year comparatives	14. Previous year comparatives	for the statement offinancial	for the statement offinancial	activities
31 March 2020		Unrestricted funds 6	Restricted funds K		Total fundsf
Income and endowments	from
Donations and legacies		1,510,291		62,848	1,573,139
Charitable activities
Educational programme		1,516,108			1,516,108
Other trading activities		1,537,299			1,537,299
Investment income		346,042			346,042
Total		4,909,740		62,848	4,972,588
Expenditure on
Raising funds		79,180			79,190
Charitable activities
Educational programme		3,637,859		5,250	3,643,109
International programme		255,907		18,086	273,993
Research programme		350,237		31,049	381,286
Heritage programme		441,161		300	441,461
		4,685,164		54,685	4,739,849
Total		4,764,344		54,685	4,819,029
Net income before investment
(losses))gains		145,396		8,163	153,559
Net (losses/gains on investments		(1,024,518)			(1,024,518)
Net Movement in funds		879,122		8,163	870,959
Reconciliation offunds
Total funds brought forward		17,049,315		17,057	17,066,372
Total funds carried forward		16,170,193		25,220	16,195,413

15. Tangible fixed	assets
	Long	Fixtures,	Office	Totals
	leasehold	fittings	equipment
		and
		furniture
		F
Cost
At 1 April 2020	4,773,120	827,493	1,601,969	7,202,582
Additions		330,831	125,267	456,098
At 31 March 2021	4,773,120	1,158,324	1,727,236	7,658,680
Depreciation
At 1 April 2020		221,328	609,286	830,614
Charge for year		85,766	321,015	406,781
At 31 March 2021		307,094	930,301	1,237,395
Net book value
At 31 March 2021	4,773,120	851,230	796,935	6,421,285
At 31 March 2020	4,773,120	606,165	992,683	6,371,968

16. Fixed a	sset investments
		Listed investments
Market value
At 1 April 2020		9,032,583
Additions		2,149,108
Disposals		(1,878,840)
Net Gains		1,794,626
At 31 March	2021	11,097,747
At 31 March	2020	9,032,853
Investments	held within the UK	6,418,029
Investments	held outside of UK	4,679,718
		11,097,747

17. Debtors: amounts falling due within one ye	ar
	2021	2020
Trade debtors	66,484	134,748
Other debtors and accrued income	2,651	124,081
Prepayments	202,738	167,744
	271,873	426,573

18. Cre	ditors: amounts falling due within one year
		2021f	2020
Trade creditors		97,271	200,929
Social security and other taxes		55,970	49,625
Other creditors and accruals		169,431	175,343
Association ofAnaesthetists		46,605	138,043
Deferred	income	35,792	54,188
		405,069	618,128
Deferred	income breakdown
		2021	2020
Deferred	income at 1 April 2020	54,188	227,377
Amounts	released to income from previous years	(54,188)	(227,377)
Amounts	deferred in the year	35,792	54,188
Deferred	income at 31 March 2021	35,792	54,188

Deferred incom year ended 31 19.Operating	e comprises income in respect of se March 2021. lease agreements	minars and meetings which relates	to the
		2021	2020f
Net obligations	repayable:
Within one year		2,088	3,224
Between one and five years			2,088
		2,088	5,312

20. Movement	in funds
2021				Note	At 01/04/20	Income	Expenditure	Gains/(losses)	Transfers	At 31/03/21
Unrestricted funds
General fund					15,520,458	3,828,677	(3,206,980)	1,794,626	82,949	18,019,730
Development fund				(a)	93,104				(82,949)	10,155
Research fund				(b)	148,294		(18,040)			130,254
Strategic change fund				(c)	408,337		(113,659)			294,678
					16,170,193	3,828,677	(3,338,679)	1,794,626		18,454,817
Restricted funds
Roddie McNicol Patient Safety Prize					4,450					4,450
Safe Africa Campaign				(d)	19,134	16,698				35,832
Museum of London	Development		and Art	(e)
Fund						5,000	(5,000)
Association of Independent		Museums		(f)		7,852				7,852
John Smith Airway	Award			(9)		2,500				2,500
Mentoring scheme	—2016-2021			(h)		5,000	(5,000)
					23,584	37,050	(10,000)			50,634
Research fund - Wiley					1,636		5,000			6,636
Research fund - Barema						18,040	(18,040)
Total restricted funds					25,220	55,090	(23,040)			57,270
Total funds					16,195,413	3,883,767	(3,357,719)	1,792,626		18,512,087

20. Movement in fun	ds (continued)
2020		Note	At 01/04/1 9	Income	Expenditure	Gains/(losses)	Transfers	At 31/03/20
Unrestricted funds
General fund			16,073,392	4,909,740	(4,733,295)	(1,024,518)	295,139	15,520,458
Development fund		(a)	232,580				(139,476)	93,104
Research fund		(b)	179,343		(31,049)			148,294
Strategic change fund		(c)	564,000				(155,663)	408,337
			17,049,315	4,909,740	(4,764,344)	(1,024,518)		16,170,193
Restricted funds
THET-SAFE operating	rooms- Uganda			2,086	(2,086)
Roddie McNicol Patient	Safety Prize		4,700		(250)			4,450
Safe Africa Campaign		(d)	10,721	24,413	(16,000)			19,134
Heritage Centre				300	(300)
Mentoring scheme - 2016-2021		(9)		5,000	(5,000)
			15,421	31,499	(23.636)			23,584
Research fund - Wiley		(h)	1,636					1,636
Research fund - Barema		(i)		31,049	(31,049)
Total restricted funds			17,057	62,848	(54,685)			25,220
Total funds			17,066,372	4,972,588	(4,819,029)	(1,024,518)		16,195,413