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|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|
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|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||
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|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|
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|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|
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||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|
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|||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|
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||||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|
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|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|
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|||||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|
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|||||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:|||||
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