2021-12-31-accounts

Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Notes to the Financial Statements	14	to	21

Membership	Numbers February 2022
		February	2022
Professional	Members
- Member Photographic		255
- Member Graphic		42
—Member Video		5
- Maternity	&career breaks	3
-Fellow		5
—Honorary	Fellow	17
- Hon Life Member		1
Students
—Student Photographic		42
—Student Graphic		18
Retired		17
Affiliate		48
Corporate		5
Auditor		I
TOTAL		459

FOR THK YEAR EN	DED 31D	ECEMBER	2021
						31.12,21	31.12.20
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		I
INCOME AND ENDOWMENTS		FROM
Donations and legacies							20
Charitable activities
Membership				42,481		42,481	41,543
Annual Conference				10,755		10,755
Education and Training							579
Marketing and Communication				2,000		2,000	2,000
Jounial ofVisual Communications		in Medicine		3,088		3,088	2,031
Investment income			3	1,600		1,604	1,926
Other income							474
Total				59,929		59,933	48,573
EXPENDITURE ON
Charitable activities
Membership				27,115		27,115	28,203
Annual Conference				14,629		14,629
Education and Training				2,450		2,450	1,464
Marketing and Communication				21,504		21,504	15,171
Quality Assurance and	Standards						91
Journal ofVisual Communications		in Medicine					181
Other				5,070		5,070
Total				70,768		70,768	45,110
Net gains/(losses) on investments				~2,549)		(2,549)	(446)
NET INCOME/(EXPENDITURE)				(13,388)	4	(13,384)	3,017
RECONCILIATION	OF FUNDS
Total funds brought forward				76,874	28,697	105,571	102,554
TOTAL FUNDS CARRIED FORWARD				63,486	28,701	92,187	105,571

BALANCESHEET 31DECEMBER 2021
			31,12.21	31.12.20
		Notes
FIXEDASSETS
Intangible assets		8	3,150	14,212
Tangible assets		9		217
Investments		10	36,203	38,752
			39,353	53,181
CURRENT ASSETS
Debtors			13,393	16,320
Cash at bank			67,206	62,874
			80,599	79,194
CREDITORS
Amounts falling due within	one year	12	(27,765)	(26,804)
NET CURRENT ASSETS			52,834	52,390
TOTAL ASSETSLESSCURRENT
LIABILITIES			92,187	105,571
NET ASSETS			92,187	105,571
FUNDS		14
Unrestricted funds			63,486	76,874
Restricted funds			28,701	28,697
TOTAL FUNDS			92,187	105,571

	Debtors and creditors are recorded	Debtors and creditors are recorded	Debtors and creditors are recorded	at tran	saction puce.
	INVESTMENT INCOME
						31.12.21	31.12.20
	Investment		income			1,597	1,876
	Deposit account interest					7	50
						1,604	1,926
4.	GRANTS		PAYABLE
						31.12.21	31.12.20
	Education		and Training				(120)
	The total	grants paid to individuals		during	the year was as follows:
						31.12.21	31.12.20
	Tumbull	Travel Awards					(120)

			31.12.21	31.12.20
Auditors'	remuneration		1,810	1,320
Depreciation - owned		assets	217	216
Website	development	costs amortisation	11,062	11,063
Non-audit	fees		4,970	3,738

		Website
		development
		costs
COST
At	1 January 2021 and 31 December 2021	44,250
AMORTISATION
At	1 January 2021	30,038
Charge for year		11,062
At	31 December 2021	41,100
NET BOOK VALUE
At	31 December 2021	3,150
At	31 December 2020	14,212

			Exhibition
			Stand and
			Office
			Equipment
	COST
	At	1 January 2021 and 31 December 2021	17,065
	DEPRECIATION
	At	1 January 2021	16,848
	Charge for year		217
	At	31 December 2021	17,065
	NET BOOK VALUE
	At	31 December 2021
	At	31 December 2020	217
10.	FIXEDASSET INVESTMENTS
			Listed
			investments
	MARKET VALUE
	At	1 January 2021	38,752
	Revaluations		~2,549)
	At	31December 2021	36,203
	NET BOOK VALUE
	At	31December 2021	36,203
	At	31 December 2020	38,752

F R	THE YEAR E	NDED 31DE MB 2021	NDED 31DE MB 2021
11.	DEBTORS:	AMOUNTS FALLING DUE WITHIN		ONE YEAR
						31.12.21	31.12.20
	Trade debtors					8,217	11,919
	Prepayments	and accrued income				5,176	4,401
						13,393	16,320
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.12.21	31.12.20
	Trade creditors					2,495	1,654
	Accruals and	deferred	income			25,270	25,150
						27,765	26,804
13.	ANALYSIS OF NET		ASSETSBETWEEN FUNDS
						31.12.21	31.12.20
			Unrestricted		Restricted	Total	Total
			funds		funds	1'unds	funds
	Fixed assets			3,150		3,150	14,429
	Investments		36,203			36,203	38,752
	Current assets		51,898		28,701	80,599	79,194
	Current liabilities		(27,765)			(27,765)	(26,804)
			63,486		28,701	92,187	105,571
14.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.1.21 I	in funds	31.12,21
	Unrestricted	funds
	General fund				76,874	(13,388)	63,486
	Restricted funds
	Turnbull Fund				28,697	4	28,701
	TOTAL FUNDS				105,571	(13,384)	92,187

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
							f.
Unrestricted		funds
General	fund			59,929	(70,768)	(2,549)	(13,388)
Restricted funds
Tumbull	Fund
TOTAL	FUNDS			59,933	(70,768)	(2,549)	(13,384)
Comparatives		for movement	in funds
						Net
						movement	At
					At 1.1.20	in funds	31.12.20
						g
Unrestricted		funds
General	fund				74,161	2,713	76,874
Restricted funds
Turnbull	Fund				28,393	304	28,697
TOTAL	FUNDS				102,554	3,017	105,571

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
					6
Unrestricted		funds
General	fund		48,288	(45,230)	(345)	2,713
Restricted funds
Turnbul1	Fund		285	120	(101)	304
TOTAL	FUNDS		48,573	(45,110)	(446)	3,017

				Net
				movement	At
			At 1.1.20	in funds	31.12.21
Unrestricted		funds
General	fund		74,161	(10,675)	63,486
Restricted funds
Tumbull	Fund		28,393	308	28,701
TOTAL	FUNDS		102,554	(10,367)	92,187

		incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		108,217	(115,998)	(2,894)	(10,675)
Restricted funds
Turnbull Fund		289	120	(101)	308
TOTALFUNDS		108,506	(115,878)	(2,995)	(10,367)
~Oi I	I: