| Trustees | Professor | Pauline | Kneale | Kneale | Kneale | Kneale | |
|---|---|---|---|---|---|---|---|
| Dr Ibrar Bhatt | |||||||
| Dr Jane Creaton | |||||||
| Professor | Gina Wisker | ||||||
| Professor | Amanda | Fulford | |||||
| Professor | Jacqueline | Stevenson | |||||
| Professor | Helen Higson | - Vice-Chair | |||||
| Dr Susan | Harris-Huemmert | ||||||
| Professor | Lesley-Jane | Eales- | |||||
| Reynolds | |||||||
| Dr Rachel | Brooks | ||||||
| Mr David | Palfreyman | —Hon Treasurer | |||||
| Dr Emily Henderson | |||||||
| Ms Andrea | Cameron | ||||||
| Dr Neil Harrison | |||||||
| Ms Harriet | Barnes | ||||||
| Professor | Chris Pole - Chair | ||||||
| Secretary | Ms Helen | Perkins | |||||
| Charity number | 313850 | ||||||
| Company | number | 868820 | |||||
| Registered | office | 73 Collier | Street | ||||
| London | |||||||
| N1 9BE | |||||||
| Auditor | Critchleys | Audit LLP | |||||
| Beaver House | |||||||
| 23-38 Hythe Bridge | Street | ||||||
| Oxford | |||||||
| OX1 2EP | |||||||
| Bankers | The Co-operative | Bank | |||||
| 60 Kingsway | |||||||
| London | |||||||
| WC2B 6DS | |||||||
| Scottish Widows Bank | pic | ||||||
| PO Box 12757 | |||||||
| 67 Morrison Street | |||||||
| Edinburgh | |||||||
| EH3 8JY | |||||||
| Solicitors | Bates Wells | ||||||
| 10Queen | St Place | ||||||
| London | |||||||
| EC4R 1BE |
| Page | ||
|---|---|---|
| Trustees' report |
||
| Statement oftrustees' |
responsibilities | |
| Independent auditor's |
report | 9-11 |
| Statement offinancial |
activities | 12 |
| Balance sheet | ||
| Statement ofcash flows |
14 | |
| Notes to the financial | statements | 15-26 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2020 | 2020 | 2020 | |||||
| Notes | |||||||||
| Income from: | |||||||||
| Donations and |
legacies | 3 | 15,000 | 15,000 | 13,000 | 13,000 | |||
| Charitable activities |
4 | 583,338 | 583,338 | 831,219 | 831,219 | ||||
| Investments | 5 | 13,710 | 56 | 13,766 | 12,447 | 56 | 12,503 | ||
| Total income | 612,048 | 56 | 612,104 | 856,666 | 56 | 856,722 | |||
| Ex enditure on: | |||||||||
| Raising funds | 1,181 | 1,181 | 1,398 | 1,398 | |||||
| Charitable activities |
636,671 | 636,671 | 945,303 | 945,303 | |||||
| Total expenditure | 637,852 | 637,852 | 946,701 | 946,701 | |||||
| Net gains/(losses) | on | ||||||||
| investments | 12 | 36,323 | 36,323 | (12,028) | (12,028) | ||||
| Net movement | in | funds | 10,519 | 56 | 10,575 | (102,063) | 56 | (102,007) | |
| Fund balances | at 1 | ||||||||
| August 2020 | 560,706 | 57,165 | 617,871 | 662,769 | 57,109 | 719,878 | |||
| Fund balances | at | 31 | |||||||
| July 2021 | 571,225 | 57,221 | 628,446 | 560,706 | 57,165 | 617,871 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | F | F | |||||
| Fixed assets | |||||||
| Intangible assets |
13 | 32,918 | 37,379 | ||||
| Tangible assets | 14 | 2,169 | 1,258 | ||||
| Investments | 15 | 535,279 | 486,441 | ||||
| 570,366 | 525,078 | ||||||
| Current assets | |||||||
| Debtors | 61,180 | 40,327 | |||||
| Cash at bank and | in | hand | 277,458 | 331,763 | |||
| 338,638 | 372,090 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 17 | (280,558) | (279,297) | ||||
| Net current assets | 58,080 | 92,793 | |||||
| Total assets less | current liabilities | 628,446 | 617,871 | ||||
| Income funds | |||||||
| Restricted funds | 19 | 57,221 | 57,165 | ||||
| Unrestricted funds |
571,225 | 560,706 | |||||
| 628,446 | 617,871 |
| Mr David | Palfreyman | - | Hon Treasurer | Professor Chris Pole - Chair |
|---|---|---|---|---|
| Trustee | Trustee | |||
| Company | Registration | No. 868820 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | F | f | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
25 | (40,372) | (113,747) | ||||
| Investing | activities | ||||||
| Purchase | of intangible assets |
(11,998) | (37,379) | ||||
| Purchase | oftangible fixed assets |
(3,186) | |||||
| Purchase | of investments | (12,515) | (11,499) | ||||
| Investment | income received | 13,766 | 12,503 | ||||
| Net cash | used in investing | activities | (13,933) | (36,375) | |||
| Net cash | used in financing | activities | |||||
| Net decrease in cash and |
cash equivalents | (54,305) | (150,122) | ||||
| Cash and | cash equivalents | at beginning | ofyear | 331,763 | 481,885 | ||
| Cash and | cash equivalents | at end of | year | 277,458 | 331,763 |
| 2021f | 2020f | ||
|---|---|---|---|
| Subscriptions | 52,581 | 66,986 | |
| Conference | Revenue | (617) | 233,022 |
| Periodicals | and royalties | 531,374 | 531,211 |
| 583,338 | 831,219 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021f | 2021 | 2021f | 2020 F |
2020 | 2020 F |
||
| Dividends | - equities | 13,526 | 13,526 | 12,318 | 12,318 | ||
| Interest - | deposits | 184 | 56 | 240 | 129 | 56 | 185 |
| 13,710 | 56 | 13,766 | 12,447 | 56 | 12,503 |
| Fundraising | and | publicity |
|---|---|---|
| Promotions |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2021f | 2020 F |
| 1,181 | 1,398 |
| 1,181 | 1,398 |
| 2021f | 2020f | ||
|---|---|---|---|
| Staff costs | 274,122 | 270,667 | |
| Depreciation and impairment |
18,734 | 1,306 | |
| Conferences | 6,462 | 228,328 | |
| Groups/networks | 210 | 15,094 | |
| Services to members | 108,406 | 121,070 | |
| Grants and awards | 26,379 | 83,168 | |
| Other indirect costs | 195,623 | 219,275 | |
| 629,936 | 938,908 | ||
| Share ofgovernance | costs (see note 8) | 6,735 | 6,395 |
| 636,671 | 945,303 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||
| costs | costs | costs | costs | ||||
| E | E | F | |||||
| Audit fees | 6,735 | 6,735 | 6,395 | 6,395 | |||
| 6,735 | 6,735 | 6,395 | 6,395 | ||||
| Analysed | between | ||||||
| Charitable | activities | 6,735 | 6,735 | 6,395 | 6,395 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Number | Number | ||||||||
| Chief Executive | |||||||||
| Direct Charitable | |||||||||
| Total | |||||||||
| Employment | costs | 2021 | 2020 | ||||||
| Wages and | salaries | 222,176 | 219,449 | ||||||
| Social security costs | 19,937 | 18,723 | |||||||
| Other pension costs | 32,009 | 32,495 | |||||||
| 274,122 | 270,667 | ||||||||
| The number | of employees | whose | annual | remuneration | was f60,000 or | ||||
| more were: | |||||||||
| 2021 | 2020 | ||||||||
| Number | Number | ||||||||
| 860,001 - 270,000 | 1 | 1 | |||||||
| 12 | Net gains/(losses) | on investments | |||||||
| Unrestricted | Unrestricted | ||||||||
| funds | funds | ||||||||
| 2021 | 2020 | ||||||||
| E | |||||||||
| Revaluation | of investments | 36,323 | (12,028) |
| Intangible | fixed asse | ts | |
|---|---|---|---|
| Website and CRM database | |||
| Cost | |||
| At 1 August 2020 | 37,379 | ||
| Additions | - separately | acquired | 11,998 |
| At 31 July | 2021 | 49,377 | |
| Amortisation and impairment |
|||
| At 1 August 2020 | |||
| Amortisation charged |
for the year | 16,459 | |
| At 31 July | 2021 | 16,459 | |
| Carrying | amount | ||
| At 31 July | 2021 | 32,918 | |
| At 31 July | 2020 | 37,379 |
| Tangible | fixed asset | s | |||
|---|---|---|---|---|---|
| Leasehold | Furniture &IT |
Total | |||
| improvements | Equipment | ||||
| Cost | |||||
| At 1 August 2020 | 36,973 | 20,879 | 57,852 | ||
| Additions | 3,186 | 3,186 | |||
| At 31 July | 2021 | 36,973 | 24,065 | 61,038 | |
| Depreciation and impairment |
|||||
| At 1 August 2020 | 36,973 | 19,621 | 56,594 | ||
| Depreciation charged |
in the year | 2,275 | 2,275 | ||
| At 31 July | 2021 | 36,973 | 21,896 | 58,869 | |
| Carrying | amount | ||||
| At 31 July | 2021 | 2,169 | 2,169 | ||
| At 31 July | 2020 | 1,258 | 1,258 |
| Fixed asse | t investments | ||
|---|---|---|---|
| Listed | |||
| investments | |||
| Cost or valuation | |||
| At 1 August | 2020 | 486,441 | |
| Additions | 12,515 | ||
| Valuation changes |
36,323 | ||
| At 31 July | 2021 | 535,279 | |
| Carrying amount |
|||
| At 31 July | 2021 | 535,279 | |
| At 31 July | 2020 | 486,441 | |
| 2021 | 2020 | ||
| Investments | at fair value comprise: | ||
| Equities | 535,279 | 486,441 |
| Debtors | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Amounts falling due within one year: |
|||
| Other debtors | 5,535 | 3,958 | |
| Prepayments | and accrued income | 55,645 | 36,369 |
| 61,180 | 40,327 |
| Creditors: amounts falling due within one year |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | |||
| Other taxation and social security | 6,075 | 6,307 | |
| Deferred income | 227,880 | 224,386 | |
| Trade creditors | 109 | ||
| Accruals | 46,494 | 48,604 | |
| 280,558 | 279,297 |
| 2021 | 2020 | ||
|---|---|---|---|
| Other deferred income |
227,880 | 224,386 | |
| 2021 | 2020 | ||
| Deferred income at | 1 August 2020 | 224,386 | 223,857 |
| Released from previous years | (224,386) | (223,857) | |
| Resources deferred | in the period | 227,880 | 224,386 |
| Deferred income at | 31 July 2021 | 227,880 | 224,386 |
| Movement | Movement | |||||
|---|---|---|---|---|---|---|
| in funds | in funds | |||||
| Balance at | Incoming | Balance at | Incoming | Balance at | ||
| 1August 2019 | resources | 1August 2020 | resources | 31July 2021 | ||
| The Donald | Bligh Intellectual | |||||
| Exploration | Fund | 57,109 | 56 | 57,165 | 56 | 57,221 |
| 20 | Analysis of | net assets | between funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| funds | funds | funds | funds | |||||
| 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| F | F | |||||||
| Fund balances at 31 | ||||||||
| July 2021 are | ||||||||
| represented | by: | |||||||
| Intangible fixed assets |
32,918 | 32,918 | 37,379 | 37,379 | ||||
| Tangible assets | 2,169 | 2,169 | 1,258 | 1,258 | ||||
| Investments | 535,279 | 535,279 | 486,441 | 486,441 | ||||
| Current assets/ | ||||||||
| (liabilities) | 859 | 57,221 | 58,080 | 35,628 | 57,165 | 92,793 | ||
| 571,225 | 57,221 | 628,446 | 560,706 | 57,165 | 617,871 |
| 2021 F |
2020f | |
|---|---|---|
| Within one year | 11,060 | 132,956 |
| Between two and five years | 11,060 | |
| 11,060 | 144,016 |
| The remune | ration of key management personnel is as |
follows. | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Aggregate | compensation | 84,887 | 83,307 | |
| 23 | Contingent | Liabilities |
| such amount as may be required, not ceases to be a member. |
such amount as may be required, not ceases to be a member. |
exce | eding E1 f |
or the debts and li |
abilities contracted be |
fore he/she | |
|---|---|---|---|---|---|---|---|
| 25 | Cash generated from operations |
2021 | 2020 | ||||
| Surplus/(deficit) for the year |
10,575 | (102,007) | |||||
| Adjustments for: |
|||||||
| Investment income recognised |
in statement | of financial | activities | (13,766) | (12,503) | ||
| Fair value gains and losses on | investments | (36,323) | 12,028 | ||||
| Depreciation and impairment oftangible |
fixed assets | 18,734 | 1,306 | ||||
| Movements in working capital: |
|||||||
| (Increase)/decrease in debtors |
(20,853) | 21,296 | |||||
| (Decrease) in creditors |
(2,233) | (34,396) | |||||
| Increase in deferred income |
3,494 | 529 | |||||
| Cash absorbed by operations |
(40,372) | (113,747) | |||||
| 26 | Analysis ofchanges in net funds |
||||||
| The charity had no debt during |
the year. |