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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
10 |
Statement of financial activities (including income and expenditure account) |
12 |
Statement of financial position |
13 |
Notes to the financial statements |
14 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
Scottish Engineering Suite |
office |
105 West George Street |
Glasgow |
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G2 1QL |
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(Died
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(Retired
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(Retired
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(Retired
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(Retired
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Mr R Horrell |
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Mr M Barr |
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Mr R Murphy |
(Appointed 1 April 2023) |
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Dr A Heikal |
(Appointed 1 April 2023) |
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Company secretary |
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Independent examiner |
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Mercantile Chambers |
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53 Bothwell Street |
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Glasgow |
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G2 6TB |
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Bankers |
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235 Sauchiehall Street |
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Glasgow |
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G2 3EY |
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Trustee |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Other trading activities |
6 |
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– |
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Investment income |
7 |
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– |
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Total income |
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Expenditure on charitable activities |
8,9 |
(
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(
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(
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(
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Total expenditure |
(
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(
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(
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(
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------- |
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Net losses on investments |
11 |
(
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– |
(
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(
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------- |
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Net expenditure |
(
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(
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(
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(
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------- |
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Transfers between funds |
(2,990) |
2,990 |
– |
– |
-------- |
------- |
-------- |
-------- |
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Net movement in funds |
(
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(
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(
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(
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Total funds brought forward |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible fixed assets |
16 |
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Investments |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
19 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Restricted funds |
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Unrestricted funds |
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------------ |
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Total charity funds |
21 |
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Trustee |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Fixtures & Fittings |
- |
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Equipment |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Donations - Gifts & Bequests |
195 |
118 |
313 |
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Glasgow City Council |
– |
1,300 |
1,300 |
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Member subscriptions |
18,714 |
– |
18,714 |
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-------- |
------- |
-------- |
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------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Donations - Gifts & Bequests |
235 |
1,650 |
1,885 |
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Glasgow City Council |
– |
– |
– |
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Member subscriptions |
18,004 |
– |
18,004 |
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-------- |
------- |
-------- |
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------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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James Watt Dinner surplus |
4,586 |
4,586 |
– |
– |
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Sale of technical papers |
652 |
652 |
90 |
90 |
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Sale of administrative services |
13,200 |
13,200 |
12,240 |
12,240 |
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Other income |
250 |
250 |
500 |
500 |
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-------- |
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-------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Income from listed investments |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Promotion and advancement of engineering as a subject and career |
70,761 |
5,223 |
75,984 |
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Support costs |
1,920 |
– |
1,920 |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Promotion and advancement of engineering as a subject and career |
66,347 |
4,450 |
70,797 |
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Support costs |
1,860 |
– |
1,860 |
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Activities undertaken directly |
Grant funding of activities |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
£ |
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Promotion and advancement of engineering as a subject and career |
73,434 |
2,550 |
– |
75,984 |
70,797 |
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Governance costs |
– |
– |
1,920 |
1,920 |
1,860 |
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-------- |
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-------- |
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2023 |
2022 |
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£ |
£ |
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Grants to institutions |
2,250 |
2,250 |
Grants to individuals |
300 |
2,200 |
------- |
------- |
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Total grants |
2,550 |
4,450 |
------- |
------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Gains/(losses) on investments |
(
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(
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(
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(
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-------- |
-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible fixed assets |
671 |
838 |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Independent examination of the financial statements |
1,920 |
1,860 |
------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Employer contributions to pension plans |
926 |
914 |
-------- |
-------- |
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-------- |
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2023 |
2022 |
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No. |
No. |
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Number of staff - administrative |
1 |
1 |
---- |
---- |
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Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 August 2022 |
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Disposals |
– |
(
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(
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------- |
------- |
------- |
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At 31 July 2023 |
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– |
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------- |
------- |
------- |
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Depreciation |
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At 1 August 2022 |
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Charge for the year |
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– |
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Disposals |
– |
(
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(
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------- |
------- |
------- |
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At 31 July 2023 |
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– |
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------- |
------- |
------- |
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Carrying amount |
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At 31 July 2023 |
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– |
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------- |
------- |
------- |
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At 31 July 2022 |
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– |
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------- |
------- |
------- |
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Listed investments |
Shares in group undertakings |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 August 2022 |
1,278,273 |
2 |
1,278,275 |
Additions |
12,346 |
– |
12,346 |
Disposals |
(18,917) |
– |
(18,917) |
Fair value movements |
(59,610) |
– |
(59,610) |
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At 31 July 2023 |
1,212,092 |
2 |
1,212,094 |
------------ |
---- |
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Impairment |
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At 1 August 2022 and 31 July 2023 |
– |
– |
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---- |
------------ |
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Carrying amount |
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At 31 July 2023 |
1,212,092 |
2 |
1,212,094 |
------------ |
---- |
------------ |
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At 31 July 2022 |
1,278,273 |
2 |
1,278,275 |
------------ |
---- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Prepayments and accrued income |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Accruals and deferred income |
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------- |
------- |
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At 1 Aug 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Jul 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
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General Fund |
1,241,415 |
80,897 |
(72,681) |
(2,990) |
(59,788) |
1,186,853 |
------------ |
-------- |
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------- |
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At 1 Aug 2021 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Jul 2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
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General Fund |
1,248,967 |
74,032 |
(68,207) |
(2,800) |
(10,577) |
1,241,415 |
------------ |
-------- |
-------- |
------- |
-------- |
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At 1 Aug 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Jul 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
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Marlow (Scotland) Lecture |
15,000 |
– |
– |
– |
– |
15,000 |
Hugh Macmillan Memorial |
26,000 |
– |
– |
– |
– |
26,000 |
W W Marriner |
1,000 |
– |
– |
– |
– |
1,000 |
Other Special Funds |
23,298 |
– |
– |
– |
– |
23,298 |
Social Fund |
1,576 |
– |
– |
– |
– |
1,576 |
Rankine Fund |
815 |
1,418 |
(2,673) |
440 |
– |
– |
Education Fund |
– |
– |
(2,550) |
2,550 |
– |
– |
Energy Strategy Group |
65 |
– |
– |
– |
– |
65 |
-------- |
------- |
------- |
------- |
---- |
-------- |
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67,754 |
1,418 |
(5,223) |
2,990 |
– |
66,939 |
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-------- |
------- |
------- |
------- |
---- |
-------- |
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At 1 Aug 2021 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Jul 2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Marlow (Scotland) Lecture |
15,000 |
– |
– |
– |
– |
15,000 |
Hugh Macmillan Memorial |
26,000 |
– |
– |
– |
– |
26,000 |
W W Marriner |
1,000 |
– |
– |
– |
– |
1,000 |
Other Special Funds |
23,298 |
– |
– |
– |
– |
23,298 |
Social Fund |
1,576 |
– |
– |
– |
– |
1,576 |
Rankine Fund |
815 |
– |
– |
– |
– |
815 |
Education Fund |
– |
1,650 |
(4,450) |
2,800 |
– |
– |
Energy Strategy Group |
65 |
– |
– |
– |
– |
65 |
-------- |
------- |
------- |
------- |
---- |
-------- |
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67,754 |
1,650 |
(4,450) |
2,800 |
– |
67,754 |
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-------- |
------- |
------- |
------- |
---- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Tangible fixed assets |
2,682 |
– |
2,682 |
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Investments |
1,145,220 |
66,874 |
1,212,094 |
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Current assets |
46,409 |
65 |
46,474 |
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Creditors less than 1 year |
(7,458) |
– |
(7,458) |
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-------- |
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Net assets |
1,186,853 |
66,939 |
1,253,792 |
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------------ |
-------- |
------------ |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
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Tangible fixed assets |
3,353 |
– |
3,353 |
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Investments |
1,211,401 |
66,874 |
1,278,275 |
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Current assets |
31,768 |
880 |
32,648 |
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Creditors less than 1 year |
(5,107) |
– |
(5,107) |
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-------- |
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Net assets |
1,241,415 |
67,754 |
1,309,169 |
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------------ |
-------- |
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2023 |
2022 |
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£ |
£ |
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Financial assets measured at fair value through income and expenditure |
1,212,092 |
1,278,273 |
------------ |
------------ |
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