2020 Annual Review: Summarised financial statements

COVID-19 campaign

Statement of financial activities for the year ended 30 June 2020.

  Total Funds 2020
£000's
Total Funds 2019
£000's
Income from:    
College subscriptions 5,683 5,394
College examination fees 1,496 1,899
College courses and conference fees 593 1,064
Other education, training and examination income   140 825
Clinical quality and research 334 230
Faculty of Intensive Care Medicine 865 1,043
Faculty of Pain Medicine 180 356
Project income 377 536
Donations 27 30
Trading activities 531 1,291
Investments 644 612
Other 161 165
Total 11,031 13,445
     
Expenditure on:    
Communications, external affairs and membership 2,505 2,456
Clinical quality and research 2,187 2,059
Education, training and examinations 4,760 5,150
Faculty of Intensive Care Medicine 886 924
Faculty of Pain Medicine 389 412
Project costs and research grants 377 537
Trading activities 682 1,344
Fundraising 31 29
Other 132 18
Total 11,949 12,929
Gains on investments (713) 772
Net movement in funds (1,631) 1,288
Total funds brought forward 01 July 2019 34,041 32,753
Total funds carried forward 30 Jun 2020 32,410 34,041

 

Annual Review - Syringe 1
Annual Review - Syringe 2

Consolidated balance sheet at 30 June 2020

  2020
£000's
 2019
£000's
Fixed assets:    
Tangible and intangible assets 14,955 15,050
Investments 11,667 10,518
Investment property 4,780 5,142
Total fixed assets 31,402 30,710
     
Current assets:    
Stocks 6 6
Debtors 640 964
Cash and deposits 5,561 7,452
Total current assets 6,207 8,422
     
Liabilities:    
Amounts falling due within one year 5,199 5,091
Net current assets 1,008 3,331
Net assets 32,410 34,041
     
The funds of the charity:    
Endowment funds 5,449 5,767
Restricted income funds 1,493 1,555
Unrestricted – General funds 6,703 7,079
Unrestricted – Designated funds 18,765 19,640
Total charity funds 32,410 34,041

 

Pie Chart 1

Staffing headcount

  2020  2019
Communications and External Affairs 16 15
Clinical Quality and Research 21 18
Education, Training & Examinations 39 40
Faculty of Intensive Care Medicine 7 7
Faculty of Pain Medicine 5 4
Other departments 31 31
  119 115

Staffing costs in 2020 were £5,635k (2019: £5,303k)

Report by the trustees on the summarised financial statements

The summarised financial statements above are an extract from the full statutory trustees’ annual report and financial statements, which the trustees approved and signed on 14 October 2020. The full financial statements, on which the auditors Crowe U.K. LLP gave an unqualified audit report on 18 November 2020, have been submitted to the Charity Commission.

These summarised financial statements may not contain sufficient information to gain a complete understanding of the financial affairs of the charity. The full statutory trustees report, financial statements and auditors’ report are available on the College website.

Ravi Mahajan signature

Professor Ravi Mahajan
President and Treasurer

Signed on behalf of the trustees

30/11/2020