Annual Report and Accounts 2009 - Freshwater Biological Association

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11. THE FRESHWATER BIOLOGICAL ASSOCIATION NOTES TO THE ACCOUNTS (Continued) 11. Fixed Assets (Cont) Quoted Investments £ Acquisition Values 2,848,552 Represented by: Investments held on UK Stock Exchange 2,375,912 Cash held as part of Portfolio 22,961 ------------ 2,398,873 ======= The principal investments at 31st March 2009 were: Market Value % of Total M & G Charifund £ % 19,366 Income Units 158,654 7.0 6,026 Accumulation Units 482,433 20.0 J P Morgan Asset Management Ltd 153,977 Bond Units 203,831 8.0 94,223 UK Equity Fund Units 148,039 6.0 ---------- ------- 992,957 41.0 ====== ==== The accumulated units received during the year that were reinvested for capital growth had a cash value equivalent of £53,453 (2008: £48,624). Investment management fees (VAT inclusive) of £15,791 (2008:£16,351) were deducted from the Capital Account held at Rensburg Sheppards during the year. 12. Debtors 2009 2008 £ £ Trade Debtors 8,466 50,477 Other Debtors 44,896 41,329 VAT Repayment 2,421 - Prepayments 8,583 8,126 --------- --------- 64,366 99,932 ===== ===== 13. Creditors PAYE, NIC and pension 15,138 14,849 Trade Creditors 38,362 37,326 Other Creditors and Accruals 11,549 15,948 Deferred income 88,762 - VAT liability - 311 ---------- --------- 153,811 68,434 ====== ===== 14. General Fund Account 2009 2008 £ £ General Fund Account Balance brought forward 3,179,549 3,988,970 Net movement in funds before transfers and other recognised (losses) (445,397) (306,065) ------------ ------------ 2,734,152 3,682,905 Transfer net movement to Other Funds (Notes 4 to 10) 26,371 95 Loss arising from revaluation of Investments (Note 11b) (1,091,374) (503,451) ------------ ------------ 1,669,149 3,179,549 ======= ======= Page 32
12. THE FRESHWATER BIOLOGICAL ASSOCIATION NOTES TO THE ACCOUNTS (Continued) 15. Other Funds 31.3.2008 Income Expenditure Transfers 31.3.2009 £ £ £ £ £ a) Unrestricted Designated Director’s Fund 21,328 320 - (21,648) - Fritsch Fund 6,547 14,175 (19,255) - 1,467 Frost Bequest 509,970 - (113,137) * - 396,833 Frost Exhibition 32,757 3,364 (3,202) - 32,919 Hugh Cary Gilson Fund 23,690 355 (4,000) - 20,045 Freshwater Science Fund 2,000,000 - (18,128) 21,648 2,003,520 ------------ --------- ---------- ---------- ------------ Total Unrestricted 2,594,292 18,214 (157,722) - 2,454,784 ======= ===== ====== ====== ======= * Loss on revaluation of investments (Note 11b). The balances of these funds are included in the Balance Sheet totals of Assets and the portions attributed to the Unrestricted Funds being: 31.3.2008 31.3.2009 £ £ Tangible Fixed and Current Assets 206,990 180,619 Quoted Investments 2,387,302 2,274,165 ------------ ------------ 2,594,292 2,454,784 ======= ======= Designated Funds represent sums bequeathed or donated to the Association for the furtherance of its activities by means of specific sponsorship. The unrestricted designated funds have been set up in order to support the furtherance of the FBA’s charitable activities. Briefly: Director’s Fund – to support initiatives by the Director at his discretion. This fund is now redundant and the intention of the fund is no longer relevant to the current role of the Director. The balance of the fund is therefore being transferred to the Freshwater Science Fund. Fritsch Fund – fund established to support the scientific collection of algal illustrations together with taxonomic references. Frost Bequest – the fund was established from a bequest from the estate of Winifred Frost. The purpose of the fund is to provide income and interest to the Frost Exhibition Fund and represents the original capital sum and accumulated capital growth. Frost Exhibition – this fund represents the income and interest received from the investments associated with the Frost Bequest. The purpose of this fund is to support studentships and fellowships in freshwater biology and limnology and in particular, studies associated with freshwater fish. Hugh Cary Gilson – this bequest from Hugh Cary Gilson provides a yearly award to support Members’ research activities irrespective of their organisation or status. Council has agreed to increase the fund in line with inflation. Freshwater Science Fund – this is a new fund established by Council in order to support the attainment of the FBA’s core charitable activities. This represents a long term commitment by the FBA to the promotion of freshwater science. It has been decided in the short-term that the Fund will be kept constant by allocating sufficient investment income each year. 16. Capital Commitments and Contingent Liabilities There were no capital commitments or contingent liabilities at 31st March 2009. 17. Taxation Status As a Registered Charity (No 214440), the FBA is not liable to Income and Corporation Taxes. Page 33
Page 1 and 2: 77 th Annuall Report 2009 Page
Page 3 and 4: Foreword from the President THE FBA
Page 5 and 6: Report from the Chairman of the Cou
Page 7 and 8: Report from the Director DELIVERING
Page 9 and 10: TOP LEFT Jetty construction day two
Page 11 and 12: A picture of Eremosphaera by Hilda
Page 13 and 14: Knowledge Transfer Scientific Meeti
Page 15 and 16: Training, Education and Outreach Co
Page 17 and 18: Supporting Science Overview of Acti
Page 19 and 20: Jorge Salgado sampling macrophytes
Page 21 and 22: include many important records of t
Page 23 and 24: year and will continue to do so as
Page 25 and 26: Trustees’ Report for the year end
Page 27 and 28: 2005, which provides the framework
Page 29 and 30: 6. THE FRESHWATER BIOLOGICAL ASSOCI
Page 31 and 32: THE FRESHWATER BIOLOGICAL ASSOCIATI
Page 33: 10. THE FRESHWATER BIOLOGICAL ASSOC
Page 37 and 38: 14. INDEPENDENT AUDITORS’ REPORT
Page 39 and 40: Leave a lasting legacy for the futu

Annual Report and Accounts 2009 - Freshwater Biological Association

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