##
|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|
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|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|
##
|1.|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)|
##
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##
||||||||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|whose employee|benefits (excluding|employer|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|
##
##
##
##
##
##
##
##