2022 Annual Return
Annual return to the UK Charities Commission from the Commonwealth Association of Architects.
Date created: 26 October 2023
2022 Annual Report
REFERENCE AND ADMINISTRATION
Trustees 2022 (01 January to 07 August 2022)
• Vincent Cassar (MLT)
• John Geeson (GBR)
• Annette Fisher (GBR)
• Sumita Singha (GBR)
• Dik Jarman (AUS)
• Llewellyn van Wyk (ZAF)
Trustees 2022/2023 (08 August 2022 up to the next General Assembly)
• Vincent Cassar (MLT)
• John Geeson (GBR)
• Annette Fisher (GBR)
• Sumita Singha (GBR)
• Llewellyn van Wyk (ZAF)
Article IX (Charitable Status and Board of Trustees) of the CAA Constitution states that:
1. The Association shall be a UK-based Charity and therefore be compliant with the Charity Commission rules.
2. A Board of Trustees, comprising five Trustees (not less than three of whom shall be resident in England and Wales) and shall be appointed by the Council (for a term of office). The Board of Trustees shall be responsible for the depository of the records of the association at such a location in England or Wales as the Council decides.
3. The Trustee Board has the responsibility for preparing and submitting all necessary records and accounts of the Association to the relevant statutory UK authority (UK Charity Commission, UK Tax Office).
Council and Officers 2022-2024
Elected at the 23rd General Assembly, Trinidad & Tobago, 08 August 2022.
• President (Officer), Peter Oborn (United Kingom, RIBA)
• Immediate Past President: Kalim Siddiqui (Pakistan, PP IAP)
• Honorary Secretary/Treasurer (Officer): Vincent Cassar (Malta, PP KTP)
• Senior Vice-President: Steven Oundo (Kenya, PP AAK)
Education Committee
• Chair of Education: Alex Ndibwami (Rwanda, RIA)
Practice Committee
• Chair of Practice: Mina Hasman (United Kingdom, RIBA)
Communication Committee
• Chair of Communications: Andrew Amara (Uganda, USA)
Regional Vice Presidents
• Africa: Wilson Mugambi (Kenya, IAK)
• Americas: Ian Marfleet (Trinidad & Tobago, TTIA)
• Asia: Umar Saeed (Pakistan, IAP)
• Europe: Christos Panayiotides (Cyprus, CEE&AA)
• Pacific: Justin Hill (Australia, RAIA)
Validation
• Chair of Validation Panel: Philippa Tumubweinee (South Africa)
Secretariat
• Executive Director: Maira Khan (Pakistan)
Bankers
• The Royal Bank of Scotland plc, 171 Tottenham Court Road, London, W1P ODL.
Independent Examiner
• Noelia Serrano Sayer Vincent LLP, Invicta House 108-114 Golden Lane London EC1Y 0TL
STRUCTURE, GOVERNANCE AND MANAGEMENT
The trustees present their report and the financial statements for the year ended 31 December 2022.
Reference and administrative information set out on pages 3-4 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
The Commonwealth Association of Architects is an unincorporated association registered as a Charity with the Charity Commission, U.K. (Charity No. 288022). The supreme body of the Association is the General Assembly which is held every two years at which the Council and Officers are elected. The last General Assembly was held on 8 August 2022 in Trinidad & Tobago at which the Council for 2022-2024 was elected. There are five regional Vice Presidents representing Africa, the Americas, Asia, Europe, and the Pacific. The Council has also established three sub- committees for communications, education, and practice. Validation of Schools of Architecture is a major activity of the Association, and the process is led by a Head of Validation who is appointed by Council. Trustees are volunteers nominated by member organisations and appointed by the Council.
Objectives and Aims
The objectives of the Association, set out in its Constitution, are the advancement of Architecture in the Commonwealth and the promotion and acquisition of knowledge of the various arts and sciences connected therewith. The Association is empowered in particular to:
• promote co- operation between associations of architects within the Commonwealth and equivalent organisations outside the Commonwealth to ensure the maximum contribution by architects to the well- being of society.
• promote and encourage activities on a regional basis for the purpose of studying common issues.
• make awards of medals or certificates in recognition of significant contributions to Architecture or its associated sciences.
• receive, administer, and apply donations, studentships, or scholarships or for any other general or specific charitable object or purpose connected with the Association or, for any other charitable purpose connected with Architecture.
The CAA’s current aims, grouped under the following headings, are:
Advocacy
• Promoting engagement with the UN Sustainable Development Goals and the Paris Climate Agreement.
• Supporting and working with Commonwealth countries, particularly those that are in receipt of Official Development Assistance (ODA) and which are dealing with climate change and rapid urbanisation, especially among national governments and donors.
Capacity Building
• Facilitating knowledge sharing, information exchange and partnerships between academia, practitioners and policymakers.
Climate Action
• Helping to build core competencies and climate literacy in matters relating to sustainable urbanisation and climate action.
PUBLIC BENEFIT
The Council and Trustees have referred to the Charity Commission’s guidance on the public benefit requirement for UK charities and have considered how planned activities meet this requirement.
During the year the charity has furthered its charitable purposes for the public benefit through;
Advocacy
• Working as a founding member of the Commonwealth Sustainable Cities initiative, and with partners including the Government of Rwanda, The Prince’s Foundation and UN Habitat to advance the Call to Action on Sustainable Urbanisation across the Commonwealth, culminating in the Declaration on Sustainable Urbanisation by Heads of Government at the Commonwealth Heads of Government Meeting (CHOGM) which took place in Kigali, Rwanda.
• Co-hosting an official 3- day side event on the theme of Sustainable Cities at CHOGM, in partnership with the Rwandan Ministry of Infrastructure and a wider range of Commonwealth partners.
• Organising an international awards programme for practitioners and students, to showcase good practice around the Commonwealth.
Capacity Building
• Operating criteria and procedures for the validation of courses in architecture.
• Developing and delivering programmes of Continuing Professional Development (CPD).
• Contributing to a wide range of seminars and conferences raising awareness of designing for sustainability and climate change, including COP27 and the World Urban Forum
Climate Action
• Research, jointly with fellow Commonwealth Built Environment Professionals, to better understand the challenges facing the delivery of sustainable development and effective climate action across the Commonwealth.
• Knowledge sharing around the twin themes of sustainable development and climate literacy.
• Delivering a programme of pilot projects aimed at addressing the ‘capacity gap’ and supporting communities grappling with the challenges of informal settlements and rapid and unplanned urbanisation.
Collaboration and Partnership
• Collaboration with other Commonwealth Accredited Organisations, such as the Commonwealth Association of Planners (CAP), the Commonwealth Association of Surveyors and Land Economists (CASLE), the Commonwealth Engineers Council (CEC). the Association of Commonwealth Universities (ACU), the Commonwealth Local Government Forum (CLGF), the Commonwealth Lawyers Association (CLA) and a range of other partners.
• Collaboration with other international/regional associations of architects such as the International Union of Architects (UIA), the East African Institute of Architects (EAIA)
and the Association of Commonwealth Societies of Architects in the Caribbean
MEMBERSHIP
The Members of the Association are institutes, associations, and societies which, in the opinion of the Council, represent the body of architects in a country and subscribe to the purposes and objects of the Association. They must be constituted in a manner consistent with the policies of the Association and not discriminate against their own members or potential members on the basis of race, colour, sex, religion, national origin or political persuasion. The current membership is drawn from the following organisations.
Country
1. Antigua & Barbuda
2. Australia
3. Bahamas
4. Bangladesh
5. Barbados
6. Belize
7. Bermuda
8. Botswana
9. Brunei Darussalam
10. Cameroon
11. Cyprus
12. Dominica
13. eSwatini
14. Fiji
15. Gambia, The 16. Ghana
17. Grenada
18. Guyana
19. Hong Kong SAR
20. India
21. Jamaica
22. Kenya
23. Lesotho
24. Malawi
25. Maldives
26. Malta
27. Mauritius
28. Namibia
29. New Zealand
30. Nigeria
31. Pakistan
32. Papua New Guinea
33. Rwanda
34. Sierra Leone
35. Singapore
36. South Africa
37. Sri Lanka
38. St Kitts and Nevis
39. St Lucia
40. St Vincent and The Grenadines
41. Tanzania
42. Togo
Institute/Association
Antigua & Barbuda Institute of Architects
Royal Australian Institute of Architects
Institute of Bahamian Architects
Institute of Architects Bangladesh
Barbados Institute of Architects
Association of Professional Architects of Belize
Institute of Bermuda Architects
Architects Association of Botswana
Pertubuhan Ukur Jurutera Dan Arkitek
Ordre National Des Architectes du Cameroun
Cyprus Civil Engineers & Architects Association
Dominica Society of Architects
Swaziland Association of Architects, Engineers & Surveyors
Fiji Association of Architects
Association of Gambian Architects
Ghana Institute of Architects
Grenada Society of Architects
Guyana Institute of Architects
Hong Kong Institute of Architects
Indian Institute of Architects
Jamaica Institute of Architects
Architectural Association of Kenya
Lesotho Architects Engineers & Surveyors Association
Malawi Institute of Architects
Architects Association Maldives
Kamra Tal-Periti
Mauritius Institute of Architects
Namibia Institute of Architects
New Zealand Institute of Architects
Nigerian Institute of Architects
Institute of Architects Pakistan
Papua New Guinea Institute of Architects.
Rwanda Institute of Architects
Sierra Leone Institute of Architects
Singapore Institute of Architects
South African Institute of Architects
Sri Lanka Institute of Architects
St Kitts and Nevis Institute of Architects
St. Lucia Association of Architects
St. Vincent & The Grenadines Institute of Architects
Architectural Association of Tanzania
L’Ordre National des Architectes du Togo
43. Trinidad & Tobago Trinidad And Tobago Institute of Architects
44. Uganda Uganda Society of Architects
45. United Kingdom Royal Institute of British Architects
46. Zambia Zambia Institute of Architects
During the year under review the following national architectural bodies were full members of the Association:
1. Antigua & Barbuda Institute of Architects (ABIA)
2. Architects Association of Botswana (AAB)
3. Architectural Association of Kenya (AAK)
4. Australian Institute of Architects (RAIA)
5. Barbados Institute of Architects (BIA)
6. Cyprus Civil Engineers & Architects Association (CEE&AA)
7. Ghana Institute of Architrects (GIA)
8. Hong Kong Institute of Architects (HKIA)
9. Institute of Architects Bangladesh (IAB)
10. Institute of Architects Pakistan (IAP)
11. Institute of Bahamian Architects (IBA)
12. Jamaica Institute of Architects (JIA)
13. Kamra tal-Periti (KTP)
14. Nigeria Institute of Architects (NIA)
15. Royal Architectural Institute Canada (RAIC)
16. Royal Institute of British Architects (RIBA)
17. Rwanda Institute of Architects (RIA)
18. South African Institute of Architects (SAIA)
19. Trinidad & Tobago Institute of Architects (TTIA)
20. Uganda Society of Architects (USA)
ACTIVITIES
The following provides an overview of some of the activities undertaken by members of the Commonwealth Association of Architects in 2022:
Description
Several Council meetings were held throughout the year by means of videoconferencing.
The CAA continued to work with Commonwealth Partners associated with the Commonwealth Sustainable Cities Initiative 1, including the Association of Commonwealth Universities, the Commonwealth Association of Planners and the Commonwealth Local Government Forum, in collaboration with the Government of Rwanda and The Prince’s Foundation, to advance the Call to Action on Sustainable Urbanisation across the Commonwealth 2
Country
Commonwealth-wide
Commonwealth-wide
CAA members attended the Commonwealth Heads of Government Meeting (CHOGM) 2022 which took place from 20-25 June 2022, in Kigali, Rwanda. Together with Commonwealth partners and the Rwandan Ministry of Infrastructure, the CAA co-hosted an official CHOGM side event focused on the Call to Action on Sustainable Urbanisation across the Commonwealth. The event was attended by UN- Habitat Executive Director, Ms Maimunah Mohd Sharif, together with a diverse range of contributors from across the Commonwealth 3 . Commonwealth-wide
The programme of activity at CHOGM included the launch of the Commonwealth Youth for Sustainable Urbanisation (CYSU) network, the aim of which is to bring together a Commonwealth youth aged 18-35, with an interest in sustainable urbanization. The multisector, multi- discipline group is generously supported by the Commonwealth Secretariat and its membership has grown to 1,000 strong at the time of writing 4 .
Upon conclusion of the Commonwealth Heads of Government Meeting in June 2022, the CAA and its partners in the Commonwealth Sustainable Cities Initiative were delighted when Heads adopted the Declaration on Sustainable Urbanisation 5, in which the work of the CSCI was acknowledged. Commonwealth-wide
The CAA General Assembly was hosted by the Trinidad and Tobago Institute of Architects and took place in Commonwealth-wide
1 https://commonwealthsustainablecities.org/
2 https://commonwealthsustainablecities.org/wp-content/uploads/2021/01/210813-A-Call-to-Action-on-Sustainable-Urbanisationacross-the-Commonwealth.pdf
3 A link to the proceedings can be found here: https://commonwealthsustainablecities.org/events/chogm2022/
4 See here for further details: https://commonwealthsustainablecities.org/youth/
5 A copy of the Declaration can be found here: https://production-new-commonwealth-files.s3.eu-west-2.amazonaws.com/s3fspublic/2022-06/Declaration%20on%20Sustainable%20Urbanisation.pdf?VersionId=ysAebS4bd3NhgPsbua6PDQg84Mb8DIYf
Port of Spain, in August 2022, alongside a regional conference in the theme of “Sustainability or Submergence – Rising Above the Surf”. The conference focused on the impacts of climate change and was closely aligned with the “Call to Action on Sustainable Urbanisation in the Commonwealth” which had been launched by the CAA and its partners. The Assembly adopted a number of important resolutions including the appointment of its first Youth member and a reduction in the term of the Council, from three years to two as a means of increasing the tempo of its activities.
The CAA President attended a reception held in recognition of the CAA and organised by the Royal Institute of British Architects (RIBA) in November 2022.
The CAA President contributed to a side event at the UN-Habitat World Urban Forum in Katowice Poland, on the subject of Capacity Building.
The CAA President attended IAPEX Pakistan from 14th to 17th November 2022. This major national forum was managed and run by the Institute of Architects Pakistan (IAP). The event brought together practitioners and students from around the country allowing for a rich exchange of views and experiences. During the course of his visit, the CAA President also travelled to Peshawar and Islamabad where he engaged with the local chapters, enabling him to gain a much more detailed understanding of some of the challenges facing the profession.
Together with the CAA Chair of Practice, Ms Mina Hasman, the CAA President contributed a video presentation to an event hosted by the Government of Rwanda’s at COP27, on the theme of Decarbonising Construction. Hosted by the Rwanda Ministry of Environment, the event drew upon Green City Kigali as a case study.
Attended an introductory meeting in London between Ms Curisa Smith, President of the Architectural Institute of Antigua and Barbuda (ABIA) and the High Commissioner to the United Kingdom, HE Karen MaeHill.
Attended a series of meetings for the CAA Regional Vice President Asia during an extended programme in the UK, including the RIBA Director of Education and the Pakistani Deputy High Commissioner, Dr Faisal Aziz.
Attended a workshop with leading Pakistani architect, Ms Yasmeen Lari, and others at Jesus College Cambridge in November 2022 to discuss the ways in which we might support the Pakistan Flood response.
London
Poland
Pakistan
Commonwealth-wide
London
London
London
The CAA welcomed the Commonwealth Lawyers Association (CLA) as supporters of the Commonwealth Sustainable Development Initiative (CSCI).
Other ongoing activities across the year included commencement of a brand refresh together with a programme of work to build a database of schools of architecture across the Commonwealth as a prelude to a programme of engagement, to engage with the findings of the Survey of Built Environment Professions in the Commonwealth.
Commonwealth-wide
Commonwealth-wide
FINANCIAL REVIEW
Policy on Reserves
The Association’s policy is to maintain a minimum reserve of £50,000 against the risk of loss of subscription income and to assist with cash flow.
The main source of funding is membership subscriptions. The amount of the reserve has been determined to allow the organisation to conclude its affairs and meet outstanding financial obligations in the case of one or more of these members ceasing to contribute.
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES
The Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
• Select suitable accounting policies and then apply them consistently.
• Observe the methods and principles in the Charities SORP
• Make judgements and estimates that are reasonable and prudent.
• State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Independent Examiner
Noelia Serrano was re-appointed as the charity’s independent examiner during the year and has expressed her willingness to continue in that capacity.
This report is approved by the Council and Trustees on the 11th of October 2023;
Signed……………………………………………….
Mr Peter Oborn, President
On behalf of the CAA Council
Signed……………………………………………….
Mr Vincent Cassar, Trustee and Honorary Secretary / Treasurer
On behalf of the CAA Trustees
LETTER OF REPRESENTATIONS ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees
Commonwealth Association of Architects
66 Portland Place
LONDON W1B 1AD
Our ref: NS/SI/C374/eo
Dear Trustees
13 October 2023
Letter of representations on the financial statements for the year ended 31 December 2022
We have accepted your assurances on the following matters in connection with our independent examination and should like to confirm these in writing with you. Please indicate your agreement with the contents of this letter by countersigning the copy at the foot of the letter and returning it to us with the approved financial statements.
1 You have fulfilled your responsibility under the Charities Act 2011 for preparing financial statements which give a true and fair view and for making accurate representations to us. You acknowledge that you have provided all the accounting records to us for the purpose of the independent examination and all the transactions undertaken by the organisation have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all board meetings, have been made available to us.
2 The considered view of the trustees is that, after making enquiries, Commonwealth Association of Architects has a reasonable expectation of receiving adequate resources to continue operations for the foreseeable future. For this reason, trustees continue to adopt the going concern basis in preparing the financial statements for the year ended 31 December 2022. The trustees have reached this conclusion having regard to circumstances which they consider may occur during a period of at least one year from the date on which the accounts are signed. You confirm that the disclosures in the accounting policies and/or the trustees’ annual report are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis.
3 You acknowledge your responsibility for the design and implementation of internal controls to prevent and detect fraud and error. In addition you confirm you are satisfied that they are sufficient to ensure the risk of material misstatement in the financial statements due to fraud is low.
4 You confirm no irregularities, including fraud, involving management or employees have come to the attention of the trustees, nor are you aware of any breaches of laws and regulations, contracts or agreements that might result in the organisation suffering loss.
5 Appropriate provision has been made for the non-recovery of debts.
6 No other material creditors should be included under liabilities on the balance sheet.
7 No events occurring since the balance sheet date require disclosure in the financial statements.
8 There is no outstanding litigation or other matters, which should be disclosed as a contingent liability.
9 You confirm that no equipment has been scrapped or sold during the year
10 You confirm that you have put in place procedures to identify related parties* and have provided all such information to us.
11 There were no material transactions with related parties during the year requiring disclosure in the financial statements.
12 You confirm that all correspondence with regulators has been made available to you including, in England and Wales, any serious incident reports.
Yours faithfully We agree the contents of this letter
Signed on behalf of the senior management by: Signed on behalf of the trustees by:
* The definition of a related party includes:
● A party controlling or controlled by the organisation (directly or indirectly)
● A party subject to the same source of control as the organisation (e.g. same management committee)
● A director, trustee or management committee member and his/her immediate family
● A party that has a significant influence over the operating and financial policies of the organisation,
● or one that is so influenced by the organisation.
Statement of financial activities
For the year ended 31 December 2022
Charitable activities Practice
Bank interest
Other income
Total receipts
Payments on:
Charitable activities Education Practice Communication
Total payments
Net movement in funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 11 to the financial statements.
As at 31 December 2022
Cash at bank and in hand Tangible assets
Creditors: amounts falling due within one year
Net current assets and total net assets
The funds of the charity:
Restricted income funds
Unrestricted income funds: General funds
Total charity funds
Approved by the trustees on 08 February 2023 and signed on their behalf by
On behalf of the CAA Council
On behalf of the CAA Trustees
Ar. Kalim A. Siddiqui
Ar. Vincent Cassar
For the year ended 31 December 2022
Accounting policies
Statutory information
Commonwealth Association of Architects is an unincorporated charity registered with the Charity Commission in England & Wales. The registered office address (and principal place of business) is The Royal Institute of British Architects, 66 Portland Place, London, W1B 1AD.
Basis of preparation
The statement of receipts and payments has been prepared on a receipts and payments basis and the statement of assets and liabilities has been prepared on an accruals basis in accordance with powers contained in charity legislation with regard to small charities.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
For the year ended 31 December 2022
Accounting policies (continued)
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity is apportioned on the following basis which are an estimate, based on time spent, of the amount attributable to each activity.
Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.
Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.
Allocation of support costs Education
Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.
Tangible fixed assets
Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
President's Jewel
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
to the financial statements For the year ended 31 December 2022
Notes to the financial statements
For the year ended 31 December 2022
For the year ended 31 December 2022
Net income for the year on the accruals basis
This is stated after charging / (crediting):
Depreciation
Independent examination of accounts
Accounts preparation support
Staff costs and trustee remuneration and expenses
The charity had no employees during the year (2021: none)
The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
Related party transactions
During the year no payments were made by a trustee on behalf of the charity (2021: £nil). There are no related party transactions to disclose for 2022 (2021: none).
Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £2,014 (2021: £nil) incurred by 2 trustees (2021: nil).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
For the year ended 31 December 2022
Cost
At the start of the year
At the end of the year
Depreciation
At the start of the year Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year Tangible
All of the above assets are used for charitable purposes.
Debtors
Prepayments
Creditors: amounts falling due within one year
Trade creditors
Accruals
5,280 5,650
For the year ended 31 December 2022
Analysis
Tangible
Tangible
Notes to the financial statements
For the year ended 31 December 2022
Movements in funds (prior year)
Restricted funds:
Association fund
Total unrestricted funds
Total funds
Purposes of restricted funds
The purpose of the Association fund is to provide funding for research fellowships and grants, awards and prizes, travel scholarships and grants, staff and student exchange, supply of books for schools of Architecture and member Institutes and other grants.