Part 2. STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 30 June 2002
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|
|
|
Note
|
Restricted
Fund 2002
£
|
Unrestricted
Fund 2002
£
|
Total
£
|
Unrestricted
Fund 2001
£
|
| INCOME & EXPENDITURE |
|
|
|
|
|
| Incoming Resources |
|
|
|
|
|
| Subscriptions - individual |
|
-
|
10390
|
10390
|
8478
|
| - corporate |
|
-
|
29912
|
29912
|
43726
|
| Conference Income |
2.
|
-
|
57067
|
57067
|
7880
|
| Interest Receivable |
|
-
|
1045
|
1045
|
1005
|
| Research and Grants - Prevalence
|
|
12000
|
-
|
12000
|
15000
|
| Total Incoming Resources
|
|
12000
|
98414
|
110414
|
76089
|
|
|
|
|
|
|
| Resources Expended |
|
|
|
|
|
| Charitable Expenditure |
|
|
|
|
|
Committee Meetings
|
|
-
|
7983
|
7983
|
2589
|
| Awards made |
|
-
|
158
|
158
|
450
|
| Prevalence Study Meetings
|
|
1700
|
4189
|
5889
|
6396
|
| Secretarial and Office
Expenses |
|
10300
|
8702
|
19002
|
24782
|
| Publication Expenses |
|
-
|
14359
|
14359
|
21171
|
| Conferences and Meetings
Expenses |
2.
|
-
|
63036
|
63036
|
20444
|
| Computer Support |
|
-
|
1950
|
1950
|
1533
|
| Accountancy |
|
-
|
1207
|
1207
|
1257
|
| Bank Charges |
|
-
|
1238
|
1238
|
548
|
| Depreciation |
|
-
|
942
|
942
|
71
|
| Management & Administration
of the Charity |
|
-
|
1000
|
1000
|
3236
|
| Total Resources Expended
|
|
12000
|
104764
|
116764
|
83125
|
| |
|
|
|
|
|
| Net (Outgoing)/Incoming
Resources |
|
-
|
(6350)
|
(6350)
|
(7036)
|
| Fund Balances brought forward |
|
-
|
22933
|
22933
|
29969
|
| Fund Balances carried forward
|
|
-
|
16583
|
16583
|
22933
|
| |
|
|
|
|
|
The above represents
the recognised gains and losses of the charity.
Part 3. BALANCE SHEET At 30 June 2002
|
|
|
2002
|
2001
|
| |
Note
|
£
|
£
|
£
|
£
|
| |
|
|
|
|
|
| Fixed Assets |
3.
|
|
2904
|
|
2647
|
Current Assets
|
|
|
|
|
|
| Cash at Bank |
|
46225
|
|
35602
|
|
| Prepayments |
4.
|
9601
|
|
7929
|
|
| |
|
55826
|
|
43531
|
|
| |
|
|
|
|
|
Current Liabilities
|
|
|
|
|
|
|
Accruals and Deferred Income
|
5.
|
(42147)
|
|
(23245)
|
|
|
Net Current Assets
|
|
|
13679
|
|
20286
|
| Net Assets |
|
|
16583
|
|
22933
|
Represented by:
|
|
|
|
|
|
| Restricted Fund |
6.
|
|
-
|
|
-
|
| Unrestricted Funds |
7.
|
|
16583
|
|
22933
|
|
|
|
|
|
|
These financial statements
have been prepared in accordance with the special provisions of
Part VII of the Companies Act 1985 relating to small companies and
the Financial Reporting Standard for Smaller Entities (effective
March 2002).
The directors are satisfied that the company was entitled to exemption
under subsection (1) of section 249A of the Companies Act 1985 and
that members have not required an audit in accordance with subsection
(2) of section 249B.
The directors acknowledge their responsibilities for:
a) ensuring that the company keeps accounting records which comply
with section 221; and
b) preparing accounts which give a true and fair view of the state
of affairs of the company as at the end of the financial year and
of its profit or loss for the financial year in accordance with
the requirements of section 226, and which otherwise comply with
the requirements of this Act relating to accounts, so far as applicable
to the company.
These financial statements were approved on behalf of the charity
on ____________________________
Signed on its behalf by ______________________________
George Cherry - Secretary/Treasurer
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Part 4. NOTES TO THE ACCOUNTS
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For the year ended 30
June 2002
1. Accounting Policies
The following accounting policies have been applied consistently
in dealing with items which are considered material in relation
to the charities financial statements.
(a) Company Status
The charity is a company limited by guarantee. The members of the
company are the trustees.
(b) Basis of Preparation
The financial statements have been prepared under the historical
cost accounting rules, and in accordance with the Charities SORP
and the Financial Reporting Standard for Smaller Entities (effective
March 2002).
(c) Income and Expenditure
Income and Expenditure is accounted for on an accruals basis. Subscription
income is apportioned over the period to which it relates.
(d) Tangible Fixed Assets
Tangible fixed assets are stated at historical cost less depreciation.
Depreciation is provided using the reducing balance basis at rates
which reflect the anticipated useful lives of the assets and their
estimated residual values:
Office Equipment 15%
Computer Equipment 331/3%
2. Annual Conference in Le Mans
|
| Income |
|
£
|
|
|
|
| From corporate sponsors |
|
14,444
|
|
|
|
| From individual registrations
|
|
37,623
|
|
|
|
| From Convatec for programme
booklet |
|
5,000
|
|
|
|
|
|
57,067
|
|
|
|
| Less: expenditure |
|
(63,036)
|
|
|
|
| Loss on conference |
|
(5,969)
|
|
|
|
| |
|
|
|
|
|
| 3. Fixed Assets |
|
|
|
|
|
| |
|
Office Equipment £
|
Computer
Equipment £
|
Total
£
|
|
| Costs: |
|
|
|
|
|
| Brought Forward |
|
2457
|
1624
|
4081
|
|
| Additions |
|
-
|
1199
|
1199
|
|
| Carried Forward |
|
2457
|
2823
|
5280
|
|
| |
|
|
|
|
|
| Depreciation: |
|
|
|
|
|
| Brought Forward |
|
605
|
829
|
1434
|
|
| Charge |
|
278
|
664
|
942
|
|
| Carried Forward |
|
883
|
1493
|
2376
|
|
| |
|
|
|
|
|
Net Book Value:
|
|
|
|
|
|
| As at 30 June 2002 |
|
1574
|
1330
|
2904
|
|
| As at 30 June 2001 |
|
1852
|
795
|
2647
|
|
|
|
|
|
|
|
4. Prepayments
Included within prepayments is an amount of £9,045 relating
to expenses incurred for the Budapest Meeting being held in September
2002.
5. Accruals and Deferred Income
|
|
|
2002
£
|
2001
£
|
|
|
| Secretarial and Office
Expenses |
|
-
|
3408
|
|
|
| Accountancy and Professional
Fees |
|
1250
|
1200
|
|
|
| Deferred Income |
|
40897
|
18637
|
|
|
| |
|
42147
|
23245
|
|
|
|
During the year subscriptions were received from individual members
covering the subscription year ending 30 September 2002 and corporate
members covering the subscription year ending 31 December 2002.
As these financial statements have been prepared to 30 June 2002
the element of subscriptions paid in advance at that date amounting
to £21,797 has been treated as deferred income.
6. Restricted Fund
This was a specific grant from Smith and Nephew for 'Prevalence
or incidence study for implementation of EPUAP guidelines'.
7. Trustees Expenses
Twenty-six Trustees were reimbursed for their expenses, amounting
to £12,976.
Part 5. ACCOUNTANTS' REPORT
On the Unaudited Accounts, to the Members of
the
EUROPEAN PRESSURE ULCER ADVISORY PANEL CHARITY
We report on the accounts for the year ended 30
June 2002 set out on pages 42 to 45.
Respective Responsibilities of Directors
and Reporting Accountants
As described on page 42 the trustees, who are also the directors
of European Pressure Ulcer Advisory Panel Charity for the purposes
of company law, are responsible for the preparation of the accounts,
and they consider that the company is exempt from an audit. It
is our responsibility to carry out procedures designed to enable
us to report our opinion.
Basis of Opinion
Our work was conducted in accordance with the Statement of Standards
for Reporting Accountants, and so our procedures consisted of
comparing the accounts with the accounting records kept by the
company, and making such limited enquiries of the officers of
the company as we considered necessary for the purposes of this
report. These procedures provide only the assurance expressed
in our opinion.
Opinion
In our opinion:
a) the accounts are in agreement with the accounting records kept
by the company under section 221 of the Companies Act 1985;
b) having regard only to, and on the basis of, the information
contained in those accounting records:
(i) the accounts have been drawn up in a manner consistent with
the accounting requirements specified in section 249C(6) of the
Act; and
(ii) the company satisfied the conditions for exemption from an
audit of the accounts for the year specified in section 249A(4)
of the Act and did not, at any time within that year, fall within
any of the categories of companies not entitled to the exemption
specified in section 249B(1).
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ABINGDON
Critchleys Chartered Accountants
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