| 31.12.20 | 31.12.19 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
20 | 20 | 10 | ||||
| Charitable activities |
|||||||
| Membership | 41,543 | 41,543 | 43,384 | ||||
| Annual Conference |
61,716 | ||||||
| Education and Training |
579 | 579 | 610 | ||||
| Marketing and Communication |
2,000 | 2,000 | 2,000 | ||||
| Journal ofVisual Communications | in Medicme | 2,031 | 2,031 | 1,794 | |||
| Investment income |
3 | 1,641 | 285 | 1,926 | 2,253 | ||
| Other income | 474 | 474 | 547 | ||||
| Total | 48,288 | 285 | 48,573 | 112,314 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Membership | 28,203 | 28,203 | 44,012 | ||||
| Annual Conference |
52,631 | ||||||
| Education and Training | 1,584 | (120) | 1,464 | 7,073 | |||
| Marketing and Communication |
15,171 | 15,171 | 14,833 | ||||
| Quality Assurance and |
Standards | 91 | 91 | 188 | |||
| Journal ofVisual Communications | in Medicine | 181 | 181 | 864 | |||
| Total | 45,230 | (120) | 45,110 | 119,601 | |||
| Net gains/(losses) on investments |
(345) | (101) | (446) | (861) | |||
| NET INCOME/(EXPENDITURE) | 2,713 | 304 | 3,017 | (8,148) | |||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds brought forward | 74,161 | 28,393 | 102,554 | 110,702 | |||
| TOTAL FUNDS CARRIED FORWARD | 76,874 | 28,697 | 105,571 | 102,554 |
| BALANCESHEET 31DECEMBER 2020 |
|||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Notes | |||
| FIXEDASSETS | |||
| Intangible assets |
8 | 14,212 | 20,925 |
| Tangible assets | 9 | 217 | 433 |
| Investments | 10 | 38,752 | 61,478 |
| 53,181 | 82,836 | ||
| CURRENT ASSETS | |||
| Debtors | 16,320 | 14,170 | |
| Cash at bank | 62,874 | 38,158 | |
| 79,194 | 52,328 | ||
| CREDITORS | |||
| Amounts falling due within one year |
12 | (26,804) | (32,610) |
| NET CURRENT ASSETS | 52,390 | 19,718 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 105,571 | 102,554 | |
| NET ASSETS | 105,571 | 102,554 | |
| FUNDS | 14 | ||
| Unrestricted funds |
76,874 | 74,161 | |
| Restricted funds |
28,697 | 28,393 | |
| TOTAL FUNDS | 105,571 | 102,554 |
| 3. | INVESTMENT INCOME | ||||||
| 31.12.20 | 31.12.19 | ||||||
| Investment | income | 1,876 | 2,140 | ||||
| Deposit account interest | 50 | 113 | |||||
| 1,926 | 2,253 | ||||||
| 4. | GRANTS | PAYABLE | |||||
| 31.12.20 | 31.12.19 | ||||||
| Education | and Training | (120) | 2,061 | ||||
| The total | grants paid to individuals | during | the year was as follows: | ||||
| 31.12.20 | 31.12.19 | ||||||
| Turnbull | Travel Awards | (120) | 1,941 |
| Net inco | me/(expenditur | e) is stated atter charging/(crediting): |
||
|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||
| Auditors' | remuneration | 1,320 | 1,820 | |
| Depreciation - owned |
assets | 216 | 217 | |
| Website | development | costs amortisation | 11,063 | 9,975 |
| Non-audit | fees | 3,738 | 5,352 |
| INTANGIBLE FIXEDASSETS | |
|---|---|
| Website | |
| development | |
| costs | |
| COST | |
| At I January 2020 | 39,900 |
| Additions | 4,350 |
| At 31 December 2020 | 44,250 |
| AMORTISATION | |
| At I January 2020 | 18,975 |
| Charge for year | 11,063 |
| At 31December 2020 | 30,038 |
| NET BOOK VALUE | |
| At 31December 2020 | 14,212 |
| At 31December 2019 | 20,925 |
| 9. | TANGIBLE FIXEDASSETS | |
|---|---|---|
| Exhibition | ||
| Stand and | ||
| Office | ||
| Equipment | ||
| COST | ||
| At 1 January 2020 and 31December 2020 | 17,065 | |
| DEPRECIATION | ||
| At 1 January 2020 | 16,632 | |
| Charge for year | 216 | |
| At 31 December 2020 | 16,848 | |
| NET BOOKVALUE | ||
| At 31 December 2020 | 217 | |
| At 31 December 2019 | 433 | |
| 10. | FIXEDASSETINVESTMENTS | |
| Listed | ||
| investments | ||
| MARKET VALUE | ||
| At 1 January 2020 | 61,478 | |
| Disposals | (22,381) | |
| Revaluations | (345) | |
| At 31 December 2020 | 38,752 | |
| NET BOOKVALUE | ||
| At 31December 2020 | 38,752 | |
| At 31 December 2019 | 61,478 |
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ON | E YEAR | |
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Trade debtors | 11,919 | 10,002 | |
| Prepayments | and accrued income | 4,401 | 4,168 |
| 16,320 | 14,170 |
| 12. | CREDI | TOR | S | : AMOUNTS FA | LLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||||||
| f | ||||||||
| Trade creditors | 1,654 | 14,601 | ||||||
| Accruals | and | deferred income | 25,150 | 18,009 | ||||
| 26,804 | 32,610 | |||||||
| 13. | ANALYSIS OFNET ASSETS | BETWEEN FUNDS | ||||||
| 31.12.20 | 31.12.19 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Fixed assets | 14,429 | 14,429 | 21,358 | |||||
| Investments | 38,752 | 38,752 | 61,478 | |||||
| Current | assets | 50,497 | 28,697 | 79,194 | 52,328 | |||
| Current | liabiltties | (26,804) | (26,804) | (32,610) | ||||
| 76,874 | 28,697 | 105,571 | 102,554 | |||||
| 14. | MOVEMENT | IN FUNDS | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.20 | in funds | 31.12.20 | ||||||
| f | f | |||||||
| Unrestricted | funds | |||||||
| General | fund | 74,161 | 2,713 | 76,874 | ||||
| Restricted funds | ||||||||
| Tumbull | Fund | 28,393 | 304 | 28,697 | ||||
| TOTAL | FUNDS | 102,554 | 3,017 | 105,571 | ||||
| Net movement | in funds, included | in the above are as follows: | ||||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| General | fund | 48,288 | (45,230) | (345) | 2,713 | |||
| Restricted funds | ||||||||
| Turnbull | Fund | 285 | 120 | (101) | 304 | |||
| TOTAL | FUNDS | 48,573 | (45,110) | (446) | 3,017 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1,19 | in funds | 31.12.19 | ||
| Unrestricted | funds | |||
| General fund |
78,639 | (4,478) | 74,161 | |
| Restricted funds | ||||
| Turnbull Fund |
30,252 | (1,859) | 28,393 | |
| West Midlands | Training Fund | 1,811 | (1,811) | |
| 32,063 | (3,670) | 28,393 | ||
| TOTALFUNDS | 110,702 | (8,148) | 102,554 |
| incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | m funds | |||
| Unrestricted | funds | |||||
| General fund | 111,710 | (115,669) | (519) | (4,478) | ||
| Restricted funds | ||||||
| Tumbull Fund |
544 | (2,061) | (342) | (1,859) | ||
| West Midlands | Training | Fund | 60 | (1,871) | (1,811) | |
| 604 | (3,932) | (342) | (3,670) | |||
| TOTAL FUNDS | 112,314 | (119,601) | (861) | (8,148) | ||
| A current year | 12months | and prior year | 12months combined | position is as follows: | ||
| Net | ||||||
| movement | At | |||||
| At 1.1.19 | in funds | 31.12.20 | ||||
| Unrestricted | funds | |||||
| General fund | 78,639 | (1,765) | 76,874 | |||
| Restricted funds | ||||||
| Tumbull Fund |
30,252 | (1,555) | 28,697 | |||
| West Midlands | Training | Fund | 1,811 | (1,811) | ||
| 32,063 | (3,366) | 28,697 | ||||
| TOTAL FUNDS | 110,702 | (5,131) | 105,571 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 159,998 | (160,899) | (864) | (1,765) | |
| Restricted funds | |||||
| Turnbull Fund |
829 | (1,941) | (443) | (1,555) | |
| West Midlands | Training Fund | 60 | (1,871) | (1,811) | |
| 889 | (3,812) | (443) | (3,366) | ||
| TOTAL FUNDS | 160,887 | (164,711) | (1,307) | (5,131) | |
| D~esi ated Funds: |
| 31.12.20 | 31.12.19 | |||||
|---|---|---|---|---|---|---|
| Contracted | but not provided | for in the financial | statements | 3,500 | ||
| 16. | RELATED PARTY DISCLOSURES |