REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 5 April 2018 |
for |
Filtration Society(The) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 5 April 2018 |
for |
Filtration Society(The) |
Filtration Society(The) |
Contents of the Financial Statements |
for the Year Ended 5 April 2018 |
Page |
Report of the Trustees | 1 to 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 to 6 |
Notes to the Financial Statements | 7 to 10 |
Filtration Society(The) |
Report of the Trustees |
for the Year Ended 5 April 2018 |
The trustees, who are also directors of the charity for the purposes of the Companies Act, submit |
their annual report and the financial statements for the year ended 5th April 2016. The trustees |
have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and |
Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of |
the charity. |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The objectives of the charity are to promote and advance the science of filtration, separation, |
clarification, dust control and related processes. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
During the year the Charity held the following technical events: |
* Testing, Characterisation and Filter Media 7: Conference and Exhibition |
FINANCIAL REVIEW |
Principal funding sources |
The financial statements show an excess of income over expenditure of £3,178 (2017 £4,930) |
Investment policy and objectives |
Under the Memorandum and Articles of Association, the charity has the power to invest in any way |
the trustees wish. |
Reserves policy |
It was agreed that there was no requirement to have two separate funds within the charity. As |
such the Other reserve and General reserve were amalgamated and the comparative figures have |
been restated to show this. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The Filtration Society Limited 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. |
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 for 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 by the 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. |
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. |
Filtration Society(The) |
Report of the Trustees |
for the Year Ended 5 April 2018 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
The directors of the charitable company (the charity) are set out below. |
Dr E S Tarleton (Secretary) (resigned 6th October 2018) |
N Burns (Chairman) |
S Jones (Treasurer) |
The trustees who make up the Council and who served during the year were: |
M Christensen |
LA Holliday (resigned 1st August 2018) |
RP Lydon |
I Marshall |
Dr GR Rideal |
U Schneider |
T Sparks (resigned 1st August 2018) |
S Wise (resigned 1st August 2018) |
Company Secretary |
Independent examiner |
Susan Ellison |
Padgate |
Warrington |
Cheshire |
WA1 4JZ |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Filtration Society(The) |
Independent examiner's report to the trustees of Filtration Society(The) ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2018. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
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: |
1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts 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 |
4. | the accounts 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 accounts to be reached |
Susan Ellison |
ICAEW |
Susan Ellison |
30 Whitchurch Close |
Padgate |
Warrington |
Cheshire |
WA1 4JZ |
9 November 2018 |
Filtration Society(The) |
Statement of Financial Activities |
for the Year Ended 5 April 2018 |
5/4/18 | 5/4/17 |
Unrestricted funds |
Total funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Other |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 43,070 |
Filtration Society(The) |
Balance Sheet |
At 5 April 2018 |
5/4/18 | 5/4/17 |
Unrestricted funds |
Total funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 46,248 | 43,070 |
TOTAL FUNDS | 43,070 |
Filtration Society(The) |
Balance Sheet - continued |
At 5 April 2018 |
The charitable company is entitled to exemption from audit under |
Section 477 of the Companies Act 2006 for the year ended 5 April 2018. |
The members have not required the company to obtain an audit of its financial statements for the |
year ended 5 April 2018 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the |
special provisions of Part 15 of the Companies Act 2006 relating to |
charitable small companies. |
The financial statements were approved by the Board of Trustees on |
Filtration Society(The) |
Notes to the Financial Statements |
for the Year Ended 5 April 2018 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under |
FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) |
'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) (effective 1 January 2015)', Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
Republic of Ireland' and the Companies Act 2006. The financial statements have been |
prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has |
entitlement to the funds, it is probable that the income will be received and the amount can |
be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation |
committing the charity to that expenditure, it is probable that a transfer of economic benefits |
will be required in settlement and the amount of the obligation can be measured reliably. |
Expenditure is accounted for on an accruals basis and has been classified under headings |
that aggregate all cost related to the category. Where costs cannot be directly attributed to |
particular headings they have been allocated to activities on a basis consistent with the use |
of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its |
estimated useful life. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion |
of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the |
charity. Restrictions arise when specified by the donor or when funds are raised for |
particular restricted purposes. |
It was agreed that there was no requirement to have two separate funds within the charity. |
As such the Other reserve and General reserve were amalgamated and the comparative |
figures have been restated to show this. |
Further explanation of the nature and purpose of each fund is included in the notes to the |
financial statements. |
Filtration Society(The) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2018 |
2. | OTHER TRADING ACTIVITIES |
5/4/18 | 5/4/17 |
£ | £ |
Subscriptions | 15,008 | 16,759 |
Conference & Proceedings | 6,317 | 7,618 |
3. | INVESTMENT INCOME |
5/4/18 | 5/4/17 |
£ | £ |
Interest receivable - trading | 18 | 10 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 5 April 2018 nor |
for the year ended 5 April 2017. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 5 April 2018 nor for the year |
ended 5 April 2017. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted funds |
£ |
INCOME AND ENDOWMENTS FROM |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Other |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 38,140 |
Filtration Society(The) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2018 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted funds |
£ |
TOTAL FUNDS CARRIED FORWARD | 43,070 |
6. | TANGIBLE FIXED ASSETS |
Fixtures and fittings |
£ |
COST |
At 6 April 2017 and 5 April 2018 |
DEPRECIATION |
At 6 April 2017 and 5 April 2018 |
NET BOOK VALUE |
At 5 April 2018 |
At 5 April 2017 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5/4/18 | 5/4/17 |
£ | £ |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
At 6.4.17 |
Net movement in funds |
At 5.4.18 |
£ | £ | £ |
Unrestricted funds |
General fund | 43,070 | 3,178 | 46,248 |
TOTAL FUNDS | 3,178 | 46,248 |
Filtration Society(The) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2018 |
8. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming resources |
Resources expended |
Movement in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 21,343 | (18,165 | ) | 3,178 |
TOTAL FUNDS | ( |
) | 3,178 |
Comparatives for movement in funds |
At 6.4.16 |
Net movement in funds |
At 5.4.17 |
£ | £ | £ |
Unrestricted Funds |
General fund | 38,140 | 4,930 | 43,070 |
TOTAL FUNDS | 38,140 | 4,930 | 43,070 |
Comparative net movement in funds, included in the above are as follows: |
Incoming resources |
Resources expended |
Movement in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 24,387 | (19,457 | ) | 4,930 |
TOTAL FUNDS | 24,387 | (19,457 | ) | 4,930 |
9. | RELATED PARTY DISCLOSURES |
Dr ES Tarleton received income from Filtration Society for the production and supply of the |
Filtration Journal. |