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|~Re orts||||
|Legal and Administrative||Information||
|Executive Committee|Report|||
|Report ofthe Independent||Examiners||
|Accounts||||
|Statement ofFinancial|Activities|||
|Balance Sheet||||
|Principal<br>Accounting|Policies|||
|Notes to the Accounts|||10|





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|||NACT U|K tradin<br>as Medical Education Leaders UK|K tradin<br>as Medical Education Leaders UK||
|---|---|---|---|---|---|
||||Statement ofFinancial Activities|||
|||for|the Year Ended 31December 2023|||
|||||31.12,2023|31.12.2022|
||||Notes|||
|INCOMING RESOURCES||||||
|Subscriptions||||108,521|107,389|
|Meetings||||63,561|51,190|
|DEMEC accounting<br>services||(NACT)|||2,000|
|Other Income||||||
|investment<br>Income and Interest||||||
|Received||||4,460|934|
|TOTAL INCOMING RESOURCES||||176,542|161,513|
|RESOURCES EXPENDED||||||
|Direct Charitable|Expenditure:|||||
|Publications||||4,561|6,150|
|Meetings,<br>Courses including||Council||38,304|45,104|
|Meetings||||||
|Rent||||5i400|4,950|
|Consultancy<br>fees||||11,294|41,106|
|StaffCosts||||68,568|72,049|
|Other Costs||||11,094|11,263|
|||||139,221||
|Management<br>and|Administration|||2,635|180,622|
|Loss on Disposal|ofAssets|||406|2,463|
|NET INCOMING/(OUTGOING)||||34i280|(21,572)|
|RESOURCES FORTHE YEAR||||||
|Net movements|offunds NACT UK||12|34,280|(21,572)|





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||NACT U|K tradin|as Medical Education Le|aders UK|||
|---|---|---|---|---|---|---|
||||Balance Sheet||||
||||31December 2023||||
||||31.12.2023||31.12.2022||
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible assets|||945||1,665||
|Investments|||5,027||5,027||
|||||5,972||6,692|
|CURRENT ASSETS|||||||
|Debtors||9|35,354||40,648||
|Stocks ofdirectories|and stationery||159||68||
|Cash atbank and in|hand - NACT|16|317763||343,802||
|||||353,276||384,518|
|CURRENT LIABILITIES|||||||
|Creditors faging due|within one year|11||91,040||157262|
|NET CURRENT ASSETS||||262,236||227,236|
|TOTAL NET ASSETS||||268,208||233,928|
|REPRESENTED BY:|||||||
|FUNDS AND RESERVES|||||||
|General fund||12||268,208||233,928|





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|INVESTMENT IN|CO|ME|AND INTEREST|RECEIVABLE|||
|---|---|---|---|---|---|---|
||||||31.12.23|31.12.22|
|Bank interest|||||4i089|563|
|Dividends|||||371|371|
||||||4,460|934|
|DIRECT CHARITABLE|||EXPENDITURE:|OTHER COSTS|||
||||||31.12.23|31.12.22|
|||||||5|
|Postage, telephone,|website and stationery||||4,921|4,658|
|Travel and accommodation|||expenses|||3,697|
|Handbook,<br>directories||and|flyers|||(26)|
|Depreciation|||||314|555|
|Office, administration||and|miscellaneous||5,147|1,129|
|Subscriptions|||||712|1,250|
||||||11,094|11,263|
|MANAGEMENT|AND ADMINISTRATION|||OF THE CHARITY|||
||||||31.12.23|31.12.22|
|||||||5|
|Independent<br>examination|||and accountancy||2,635|2,463|
||||||2,635|2,463|



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|ther s|taff costs were as follows:|||
|---|---|---|---|
|||31.12.23|31.12.22|
|Wages|and salaries|60,350|62,295|
|Social|security costs|976|1,951|
|Other|pension costs|7,242|7,803|
|||68i568|72,049|
|Direct|charitable|68,568|72,049|
|||68,568|72,049|





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|TANGIBLE FIXEDASSETS|||
|---|---|---|
||Computer|Office|
||equipment|equipment|
|COST|||
|At 1 January 2023|13,505|417|
|Additions|||
|Disposals|(9,358)||
|At 31December 2023|4,147|417|
|DEPRECIATION|||
|At 1 January 2023|12,153|104|
|Charge for the year<br>Disposals|236<br>~9992|78|
|At 31December 2023|3,437|182|
|NET BOOK VALUE|||
|At 31December 2023|710|235|
|At 31December 2022|1,352|313|



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|||31.12.23|31.12.22|
|---|---|---|---|
|Market value|at 1 January 2023 and at 31December 2023|5,027|5,027|
|||5,027|5,027|
|Investments|at 31December 2023 comprised ofthe following:|||
|Equities||5,027|5,027|
|||5,027|5,027|





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|9.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||31.12.23|31.12.22|
||Subscription<br>debtors next year|27,212|37,337|
||Debtors|8,142|3,311|
|||35,354|~40 648|
|10.|CASH AT BANK AND IN HAND|||
|||31.12.23|31.12.22|
|||8||
||National Association ofClinical Tutors '1809|43,705|23,582|
||National Association ofClinical Tutors s1817|114,058|240,170|
||National Association ofClinical Tutors s3396||80,050|
||United Trust Charity Account|80,000||
||Cambridge &Counties Savings Account|80,000||
|||317,763|343,802|
|11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||31.12.23|31.12.22|
||Trade creditors|6,532|2,984|
||Other creditors|2,004|1,829|
||Accruals|1)540|1,540|
||VAT|2,054|1,717|
||Deferred income|58,966|47,644|
||Funds due toDEMEC|19,944|101,568|
|||91)040|157,282|
|12.|PROFIT RECONCILIATION|||
|||NACT|DEMEC|
|||Fund|Fund|
|||8||
||Current Year Income|176,542||
||Current Year Expenditure|142,262|1,373|
||Transfer ofFunds||80,251|
||Excess ofincome over expenditure|34,280|(81,624)|
||Fund balance brought forward|233,928|101,568|
||Fund balance carried forward|~268 2|~99 4|