The Council present their report and financial statements for the year ended 5 April 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
The charity's objects are to promote and advance the science of filtration, separation, clarification, dust control and related processes. There has been no change in these during the year.
The Council have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Charitable activities
During the year the Charity did not hold any technical events.
Principle funding sources
The financial statements show an excess of expenditure over income of £286 (2022: £1,152).
Investment policy and objectives
Under the Memorandum and Articles of Association, the charity has the power to invest in any way the Trustees wish.
Governing document
The Filtration Society is a company limited by guarantee governed by its Memorandum and Articles of Association dated 1983.
It is registered as a charity with the Charities Commission.
Membership is open to all individuals who in the opinion of the Council are desirable persons to be admitted as members. Each member agrees to contribute £1 in the event of the charity winding up.
The Council who are also charity trustees and who served during the year and up to the date of signature of the financial statements were:
Recruitment and appointment of new Trustees
As set out in the Articles of Association, four Council members are elected each year and each member so elected serves two years and can be re-elected for a further two years.
All paid-up members receive invitations to nominate Council members not less than 60 days prior to each AGM. The Council consists of not less than twelve members, of whom not less than eight are elected as members. The Council can co-opt any member of the Society to serve on the Council.
The directors of the company are the Chairman, Honorary Treasurer and Honorary Secretary.
None of the Council has any beneficial interest in the company. All of the Council are members of the company and guarantee to contribute £1 in the event of a winding up.
Organisational structure
A Council meeting is held every year within 28 days of the AGM. Further meetings are held at such times as the Council determine.
There is no formal induction programme for new Council members.
The trustees' report was approved by the Board of Council.
I report to the Council on my examination of the financial statements of Filtration Society (The) (the charity) for the year ended 5 April 2023.
As the Council of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Filtration Society (The) is a private company limited by guarantee incorporated in England and Wales. The registered office is C/o 2 Bottoms Lane, Chester, CH4 7AP.
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Unrestricted funds are available for use at the discretion of the Council in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business.
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. When costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources. |
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Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support.
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Intangible assets acquired separately from a business are recognised at cost and are not amortised.
At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
The charity is exempt from corporation tax on its charitable activities.
In the application of the charity’s accounting policies, the Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Charitable Expenditure
Charitable Expenditure
Bank charges
Accountancy & professional fees
The average monthly number of employees during the year was:
The Awards fund was set up in the early days of The Filtration Society to recognise outstanding research in the field of filtration when published in the Society’s Journal FILTRATION. The awards comprise of two categories; a Gold Award for senior scientists and a Suttle award for young scientists aged 30 years and under. The awards are judged by Council members and are dependent on the quality of the submissions so will not necessarily be given on an annual basis but only if the research reaches an acceptable standard. The awards may be financial or sponsorship for attending a relevant conference awarded on or at the discretion of the majority of The Filtration Society Council or to be voted on at the Annual General Meeting.
Unrestricted
Restricted
Unrestricted
Restricted