517. rsa: scientific and medical network (2009 financial statement): 1 manchester court moreton in...

8/3/2019 517. RSA: Scientific and Medical Network (2009 Financial Statement): 1 Manchester Court Moreton in Marsh

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H01171

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THE SCIENTIF IC AND MEDICAL NETWORK31 DECEMBER 2009 ""N0

- 4 O C TR E C E I V E D byCnMPLANCE [)`~ ltj'N


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COMPANY REGISTRATION NUMBER 4544694

THE SCIENTIFIC AND MEDICAL NETWORKFINANCIAL STATEMENTS

31 DECEMBER 2009

Charity Number 1101171


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THE SCIENTIFIC AND MEDICAL NETWORKFINANCIAL STATEMENTSYEAR ENDED 31 DECEMBER 2009

CONTENTSMembers of the Board and professional advisersDirectors Annual ReportIndependent auditor's report to the directorsStatement of financial activities (incorporating theincome and expenditure account)Balance sheetNotes to the financial statements

PAGE126

89

10


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THE SCIENTIFIC AND MEDICAL NETWORKMEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

Registered charity name The Scientific and Medical NetworkCharity number 1101171Company registration number 4544694

Registered office

PresidentVice presidents

Directors

SecretaryProgramme director & editor of"Network Review"

I Manchester CourtMoreton-in-MarshGloucestershireGL56 OBYDr Peter Fenwick MB, BChir, BA, DPM, FRCPsychDiana Clift MA. MPhilGeoffrey Leytham MA, AFBPs.SClaudiaNielsen MA (appointed 3rd July 2009)Max Payne MA, BScDr AmitBiswas MBBB, DO, MRCPsyc, MDCHProfessor Bernard Carr MA, PhDProfessor John Clarke BA, MA (Chairman)Raymond Dawkins MA, MSc (resigned 24thApril 2009)DrChris Lyons BSc, MB, BS, MRCGP, MScGeraldine McManus BSc, MScProfessor Marilyn Monk BSc, MSc, PhD, MSTATJaqueline Nielsen BA, BLMartin Redfern BScClaudiaNielsen MA (appointed 3rd July 2009)Dr Athar YawarBA, BMBCh, MRCPsych, MScRupert Stewart-Smith MA

David Lorimer MA, PGCE, FRSAFundraising and communicationsmanager Dr Oliver Robinson MA, MSc, PhDNetworkmanager CharlaDevereuxAuditor Bright Grahame MurrayChartered Accountants

& Statutory Auditor131 :Edgware RoadLondonW22AP

Bankers Barclays Bank PlcLeicesterLE872BB


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THE SCIENTIFIC AND MEDICAL NETWORKDIRECTORS ANNUAL REPORTYEAR ENDED 31 DECEMBER 2009

The directors have ple as ure in presenting their report and th e financial statements of the charity for the yearended 31 December 2009.REFERENCE AND ADMINISTRATIVE DETAILSReference and administrative details are shown in the schedule of members of th e board and professionaladvisers on page 1 of the financial statements.THE DIRECTORSThe directors who served th e charity during the period were as follows:Dr AmitBiswas MBBB, DO, MRCPsyc, MDCHProfessor Bernard CarrMA, PhDProfessor John Clarke B.A, MA (Chairman)Raymond Dawkins MA, MSc (resigned 24th April 2009)Dr Chris Lyons BSc, MB, BS, MRCGP, MScGeraldine McManus BSc, MScProfessor Marilyn Monk. BSc, MSc, PhD, MSTATJaqueline Nielsen BA, BLMartin Redfern BScClaudia Nielsen MA (appointed 3rd July 2009)Dr Athar Yawar BA, BMBCh, MRCPsych, MScSTRUCTURE, GOVERNANCE AND MANAGEMENTThe Scientific and Medical Network is a company limited by guarantee and governed by its Memorandumand Articles of Association.The Directors review financial and other risks when appropriate and have established procedures to ensurethat al l transactions and projects are properly authorised.The Directors of the Company on 1st January 2009 were Professor John Clarke (Chair), Professor BernardCarr (Vice-Chair), Dr Amit Biswas, Mr Raymond Dawkins, Dr Christopher Lyons (Treasurer), MsGeraldine McManus, Professor Marilyn Monk, Ms JacquelineNielsen and Mr Martin Redfern.Mr Raymond Dawkins resigned as a Director on. 24th March 2009, as he was moving to Italy. The Boardaccepted hi s resignation with understanding and regret.At the Seventh Annual General Meeting held on Friday 3rd July 2009, the directors retiring by rotationwere Professor Bernard Can, Dr Christopher Lyons and Ms Jacqueline Nielsen. Dr Athar Yawar, who hadbeen co-opted since the last Annual General Meeting, also retired under the Articles. All four, beingeligible, had indicated they wished to continue. No other nominations had been received. Professor BernardCarr, Dr Christopher Lyons, Ms Jacqueline Nielsen and Dr Athar Yawarwere re-elected Directors.On Friday 3rd July 2009, Ms Claudia Nielsen was elected a Director by co-option.


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THE SCIENTIFIC AND MEDICAL NETWORKDIRECTORS ANNUAL REPORT (c o n t i n u e d )YEAR ENDED 31 DECEMBER 2009On 31st December 2009, th e members of th e company were the directors listed above. The members arethe guarantors, each in sum not exceeding l.On 16th April 2010, Professor John Clarke resigned as a director for personal reasons with effect from 18thApril 2010. The Board wishes to record it s deepest gratitude to Professor Clarke for his outstanding tenureof the Chair and it s best wishes for his retirement.The Board elected Professor Bernard Carr to succeed him as Chairman.At the eight Annual General Meeting, th e directors retiring by rotation ar e DrAmit Biswas, Miss GeraldineMcManus and Professor Marilyn Monk. Ms Claudia Nielsen, who has been co-opted since the last AGMalso retires under th e Articles. All are eligible for re-election or co-option and a ll have indicated their wishto continue. Members wishing to be considered for election at this Annual General Meeting have beenasked to write to the Secretary before the end ofMay. There are four vacancies for Directors to be electedat the AnnualGeneral Meeting. There ar e three further vacancies available by co-option by the Board.We ar e very saddened to report th e death of Professor Br-.an Goodwin who was a Vice President of theNetwork and who contributed as a speaker to many of our public events. In hi s final years, he wasProfessor Emeritus of Etiology at th e Open University and Scholar in Residence at Schumacher College.He was a distinguished and original scholar in hi s field of embryology and evolution theory, and was theauthor ofmany books and articles in learned journals.OBJECTIVES AND ACTIVITIESThe Charity's objects as se t out in the Memorandum and Articles ofAssociation are:- for th e benefit of th epublic, to advance education in th e study and application of science an d medicine, in particular but notexclusively, by adopting an interdisciplinary approach.The directors confirm that they have referred to the guidance contained in the Charity Commission'sgeneral guidance on public benefit when reviewing the Charity's objectives and activities.ACHIEVEMENTS AND PERFORMANCEReview of the yearDuring the year, the Company continued th e activities previously undertaken by arranging lectures,conferences and seminars on subjects relevant to it s charitable purposes. These were open to th e generalpublic, apart from on e meeting held for members of th e Network only at th e time of the AGM. Work onvarious projects jointly with partners in these relevant fields continued. Further details of the projects ar egiven in the Network Review, which is edited, published and distributed to members of the Network andothers three times a year.Development fundIn th e three years since its inception, 44,000 had been donated to th e Development Fund. In th eprevailing economic climate, this was felt to be a creditable achievement, especially as it did not includetwo major legacies, which had been donated direct to th e Scientific and Medical Network Charitable Trust.Nevertheless it looked as if our original target of raising 250,000 (50,000 each over 5 years) wasunrealistic; thus it was decided to amalgamate the Development Fund into the Unrestricted Funds of theCompany. Asking for donations would continue to be an important way of maintaining the Network andthe Board planned to go on seeking donations where and when it was suitable.


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THE SCIENTIFIC AND MEDICAL NETWORKDIRECTORS ANNUAL REPORT ( c o n t i n u e d )YEAR ENDED 31 DECEMBER 2009FINANCIALREVIEWThe directors monitor the resources of th e Charity to ensure that sufficient funds are maintained to meet it sfuture needs and to ensure that it has sufficient working capital. At 31 December 2009, the charity hadreserves of 73,445.PLANS FOR FUTURE PERIODSIn the coming year, we will be giving our main attention to building on two projects begun last year. Thefirst involves th e development of a new website which has a number of features whichwill give enhancedservice to our members and will provide a much improved means for publicising our vision and events tothe wider world. These features include: (a) an. archive of on-line recordings from past conferences andpublic lectures, (b ) an archive of on-line re-issues of past copies of the Network Review going back manyyears an d (c ) interactive facilities involving blogging and related electronic amenities, which we believewill enable us to make contact with a wider range of interested parties than would otherwise be possible.The second is an ambitious project for facilitating discussion of th e need for anew worldview in the face ofglobal cr ises. This will involve, inter alia, th e publishing later this yearof an edited book of writings on thissubject by experts in various related fields, an d th e development of a network of like-minded organisationswith a view to widening th e scope and appeal of this project. In addition we will be mounting our usualannual programme ofpublic conferences and lectures.RESPONSIBILITIES OF THE DIRECTORS'The directors (who are also the directors of th e Scientific and Medical Network for the purposes ofcompany law) are responsible for preparing th e Directors Annual Report and the financial statements inaccordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice).Company law requires the directors to prepare financial statements for each financial year which give a trueand fair view of the state of affairs of the charitable company and of the incoming resources andapplication of resources, including th e income an d expenditure, of the charitable company for that period.In preparing these financial statements, the directors ar e required to:

selectsuitable accounting policies and then apply them consistently;observe the methods an d principles in th e Charities SORP;make judgements and estimates that are reasonable an d prudent;state whether applicable UK Accounting Standards have been followed, subject to any materialdepartures disclosed and explained in the financial stalements;prepare the financial statements on the going concern. basis unless it is inappropriate to presume thatth e charitable company will continue inoperation.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracyat any time the financial position of the charitable company and enable them to ensure that the financialstatements comply with the Companies Act 2006. The directors are also responsible for safeguarding th eassets of th e charitable company and hence for taking reasonable steps for the prevention and detection offraud and other irregularities.In so fa r as the directors ar e aware:

there is no relevant audit information ofwhich the charitable company's auditor is unaware; and


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THE SCIENTIFIC AND MEDICAL NETWORKDIRECTORSANNUAL REPORT (continued)YEAR ENDED 31 DECEMBER 2009

the directors have taken all steps that they ought to have taken to make themselves aware of anyrelevant audit information and to establish t ha t t he auditor is aware of that information.

AUDITORAt the seventh Annual General Meeting it was resolved that Messrs. Bright Grahame Murray, CharteredAccountants, of 13 1 Edgware Road, London, W2 2AP continue to be Auditors until the conclusion of thenext following General Meeting and that their remuneration should be fixed by the Board.Signed on behalf of the directors

R. STEWART-SMITHSecretary

21 May 2010


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THE SCIENTIFIC AND MEDICAL NETWORKINDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF THESCIENTIFIC AND MEDICAL NETWORKYEAR ENDED 31 DECEMBER 2009

We have audited th e financial statements of The Scientific and Medical Network for th e year ended31 December2009 on pages 8 to 14 , which h av e b ee n prepared on the basis of th e accounting policies se tout on page 10 .This report is made solely to the charity's directors, as a body, in accordance with section 43 of th eCharities Act 1993 and regulations made under section 4 4 of thatAct. Our audit work has b ee n undertakenso that we might state to the charity's directors those matters we ar e required to state to them in an auditor'sreport and for no other purpose. To the fullest extent permitted by law, we do not accept or assumeresponsibility to anyone other than t he cha ri ty and the charity's directors as a body, for ou r audit work, forthis report, or for the opinions we have formed.RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITORSThe responsibilities of th e directors for preparing the Directors Annual Report and the financial statementsin accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice) and for being satisfied thatthe financial statements give a true and fair vieware set out in th e Statementof Responsibilities of the Directors on page 4 .The directors have elected for the financial statements to be audited in accordance with the Charities Act1993 rather than th e Companies Act 2006. Accordingly we have been appointed as auditors under section43 of th e Charities Act 1993 and report in accordance with regulations made under section 44 of that Act.Our responsibility is to audit the financial statements in accordance with relevant legal and regulatoryrequirements and International Standards on Auditing (UK and Ireland).We report to you our opinion as to whether th e financial statements give a true an d fair view an d have beenprepared in accordance with the Companies Act 2006. We also report to you if , in our opinion, theinformation given in the Directors Annual Report is not consistent with those financial statements, if thecharity has not kept adequate accounting records, if th e charity's financial statements are not in agreementwith these accounting records and returns, or ifwe have not received al l the information and explanationswe require for our audit.We read the Directors Annual Report and consider the implications for our report ifwe become aware ofan y apparent misstatements within it.BASIS OF AUDIT OPINIONWe conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issuedby the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to theamounts and disclosures in th e financial statements. It also includes an assessment of the significantestimates and judgements made by the trustees in the preparation of the financial statements, and ofwhether th e accounting policies ar e appropriate to the charity's circumstances, consistently applied andadequately disclosed.We planned and performed our audit so as to obtain al l the information an d explanations which weconsidered necessary in order to provide us wilh sufficient evidence to give reasonable assurance that th efinancial statements are free from material misstatement, whether caused by fraud or other irregularity orerror. In forming our opinion we also evaluated. the overall adequacy of th e presentation of information inth e financial statements.


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THE SCIENTIFIC AND MEDICAL NETWORKINDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF THESCIENTIFIC AND :MEDICAL NETWORK ( c o n t i n u e d )YEAR ENDED 31 I)ECEMBER 2009OPINIONIn our opinion: the financial statements give a true and fair view, in accordance with United Kingdom Generally

Accepted Accounting Practice, of the state of the charity's affairs as at 31 December 2009 and of it sincoming resources and application of resources, including its income and expenditure, for the yearthen ended; and

the financial statements have been prepared in accordance with th e Companies Act 2006.

131 Edgware RoadLondonW2 2AP28 June 2020

ROBERT MOORE (Senior StatutoryAuditor)For and on behalf ofBRIGHT GRAHAME MURRAYChartered Accountants& Statutory Auditor

Company Registration Number: 4544694


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THE SCIENTIFIC AND MEDICAL NETWORKSTATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOMEAND EXPENDITURE ACCOUNT)YEAR ENDED 31 I)ECEMBER 2009

Unrestricted Restricted Total Funds Total FundsFunds Funds 2009 2008

Note INCOMING RESOURCESIncoming resources fromgenerating funds:

Voluntary income 2 52,375 96,200 148,575 205,684Investment income 3 39 - 39 2,482Incoming resources from

charitable activities 4 144,310 - 144,310 120,110TOTAL INCOMINGRESOURCES 196,724 96,200 292,924 328,276RESOURCESEXPENDEDCharitable activities 5/6 (202,425) (77,591) (280,016) (328,395)Governance costs 7 (4,437) - (4,437) (4,500)TOTAL RESOURCESEXPENDED (206,862) (77,591) (284,453) (332,895)NETINCOMING/(OUTGOING)RESOURCES FOR THEYEAR 9 (1 0,1 3 8) 1 8,609 8,471 (4,619)RECONCILIATION OFFUNDSTotal funds brought forward 41,785 23,189TOTAL FUNDS CARRIEDFORWARD 31,647 41,798

64,97473,445

The Statement ofFinancial Activities includes all gains and losses in the year an d thereforea statement of total recognised gains and losses has notbeen prepared.

All of th e above amounts relate to continuing activities.

69,59364,974

The notes on pages 10 to 1 4 1 form part of these financial statements.


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THE SCIENTIFIC AND MEDICAL NETWORKBALANCESHEET31 DECEMBER 2009

2009 2008Note

FIXED ASSETSTangible assets 11 5 93CURRENT ASSETSDebtors 13 6,182 6,853Cash at bank and in hand 102,141 71,447

108,323 78,300CREDITORS: Amounts falling duewithin oneyear 14 (35,471)

NET CURRENT ASSETS 72,852TOTAL ASSETS LESS CURRENT LIABILITIES 73,445NET ASSETS 73,445

FUNDSRestricted income fundsUnrestricted income funds

15 41,79816 31,647

TOTAL FUNDS 73,445

25

64,94964,97464,974

23,18941,78564,974

The directors ar e satisfied that th e charity is entitled to exemption from th e provisions of the CompaniesAct 2006 (the Act) relating to th e audit of the financial statements for the year by virtue of section 477, andthat no member or members have requested an audit pursuant to section 476 of the A ct. However it isrequired to have a statutory audit under the Charities Act 1993.The directors acknowledge their responsibilities for:(i) ensuring that th e charity keeps adequate accounting records which comply with section 3 8 6 of theAct, and(ii) preparing financial statements which give a true and fair view of th e state of affairs of th e charity as at

th e end of the financial year an d of it s profit or loss for the financial year in accordance with th erequirements of section 394 and 395, and which otherwise comply with th e requirements of the Actrelating to financial statements, so far as applicable to th e charity.

These financial statements were approved on the 21 May 2010 and ar e signed on their behalf by:

C. LYONS B.J. CARRDirector Director

(13,351)

The notes on pages 10 to 1 4 1 form part of these financial statements.


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THE SCIENTIFIC AND MEDICAL NETWORKNOTES TOTHE FINANCIAL STATEMENTSYEARENDED 31 I)ECEMBER 20091. ACCOUNTINGPOLICIES

Basis of accountingThe financial statements have been prepared under the historical cost convention and in accordancewith applicable United Kingdom accounting standards, the Statement of Recommended Practice"Accounting an d Reporting by Charities" issued in March 2005 (SORP 2005) and the Companies Act2006.Cash flow statementThe d irec tors have taken advantage of th e exemption in Financial Repo rt in g Standard No I (revised)from i nc luding a cash flow s ta tement in the fi nancial statements on th e grounds that the charity issmall.Fund accountingThe unrestricted funds ar e those which are available for use at the discretion of th e directors infurtherance of the general objectives of th e charity and which have not been designated for otherpurposes.Restricted funds are funds which are to be used in accordance with specific restrictions imposed bydonors or which have been raised by the charity for particular purposes. The cost of raising andadministering such funds ar e charged against th e specific fund.Investment income and gains are allocated to th e appropriate fund.DepreciationDepreciation is calculated so as to write off th e cost of an asset, less it s estimated residual value, overth e useful economic life of that assetas follows:

Computer Equipment - 25% per annum on costOffice Equipment - 25% per annum on reduc ing balance

Incoming resourcesDonations and subscriptions ar e recognised as income when received.Investment income is included in th e accounts on a receivable basis and includes amounts accrued foroutstanding refunds of tax deducted at source.Resources expendedAll expenditure is accounted for on an accruals basis and has been classified under headings thataggregate all costs related to the category. Where costs cannot be directly attributed they have bee nallocated to activities on a basis consistent with the us e of resources.StockNo value has been ascribed to the stock of publications on th e basis that th e majority of these arenormally given away and therefore it is prudent to account for all publication costs in the period theyare incurred.Foreign currenciesTransactions in foreign currencies ar e recorded at the rate ruling at the date of the transaction.Monetary assets and liabilities denominated in foreign currencies are translated at the rate ofexchange ruling at th e balance sheet date. All differences are taken to the profit and loss account.


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THE SCIENTIFIC AND MEDICAL NETWORKNOTES TO THE FINANCIAL STATEMENTSYEAR ENDED 31 DECEMBER 20092. VOLUNTARY INCOME

DonationsDonationsDonations from the Scientific andMedical Charitable TrustIncome tax recoverable

Unrestricted Restricted Total Funds Total FundsFunds Funds 2009 2008 1 3 ,81 0 96,200 11 0,01 0 195,53932,2076,358

- 32,207 4,24096,200

6,358 5,905148,575 205,6842,375

3 . INVESTMENT INCOME

Bank interest receivable

Unrestricted Total Funds Total FundsFunds 2009 2008 39 39 2,482

4 . INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

SubscriptionsLectures, meetings etc

Unrestricted Total Funds Total FundsFunds 2009 2008 47,679 47,67996,631 96,631

48,48671,624

144,310 144,3105 . COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

SubscriptionsLectures, meetings etcGP library projectCharacter education projectTheoria to theory fundBlaker education grantsSupport costs

120,110

Unrestricted Restricted Total Funds Total FundsFunds Funds 2009 2008 44,997 - 44,997 40,210139,203 - 139,203 110,898- 3,000 3,000 -- 74,591 74,591 166,0885,50012,725 - 5,500- 12,725

5,4505,749

202,425 77,591 280,016 328,395


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THE SCIENTIFIC AND MEDICAL NETWORKNOTES TO THE FINANCIAL STATEMENTSYEAR ENDED 31 I)ECEMBER 20096. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

SubscriptionsLectures, meetings etcGP library projectCharacter education projectTheoria to theory fundBlaker education grants

7. GOVERNANCE COSTS

Audit fees

Activitiesundertaken Total Funds Total Funds

directly Support costs 2009 2008

44,997 5,090 50,087 42,510139,203 7,635 146,838 114,347

3 ,000 - 3,000 -74,591 - 74,591 166,088- 5,4505,500

267,291 12,7255,500

280,016 328,395

Unrestricted Total Funds Total FundsFunds 2009 2008 4,437 4,437

8 . ANALYSIS OF SUPPORT COSTS

Rental - office and associated costsWebsite maintenance

4,500

Lectures,Subscriptions meetings etc Total 2009 Total 2008

2,1302,9605,090

3,195 5,325 5,3134,440 7,400 4367,635 12,725 5,749

9. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEARThis is stated after charging:

DepreciationAuditors' remuneration:

- audit of th e financial statements10 . STAFF COSTS AND EMOLUMENTS

Total staff costs were as follows:

Wages and salariesSocial security costs

2009200

4,437

200947,2505,151

20081 , 0 0 0

4,500

2008

45,1174,65752,401 49,774


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THE SCIENTIFIC AND MEDICAL NETWORKNOTES TOTHE FINANCIAL STATEMENTSYEAR ENDED 31 DECEMBER 200910 . STAFF COSTS AND EMOLUMENTS ( con t inued)

Particulars of employees:The average number of employees during the year, calculated on the basis of full-time equivalents,was as follows:

Number o f administrative staff2009 2008

N o No2 2

No employee received remuneration of more than 60,000 during the year (2008 - Nil).No remuneration was paid and no expenses were reimbursed to the directors by the charity during th eyear.

11 . TANGIBLE FIXED ASSETSOffice & computer

equipmentCOSTAt 1 January 2009AdditionsAt 31 December 2009DEPRECIATIONAt 1 January 2009Charge for th e yearAt 31 December . 2009NET BOOK. VALUEAt31December 2009At 31 December 2008

12 . INVESTMENTS

5,02176 8

5,789

4,9962005,196

59325

The Scientific and Medical Network holds the en ti re i ssued share capital of SMN Projects Limited, adormant company which it acquired for no cost. Th e net assets of SMN Projects Limited at 31stDecember 2009 ar e 1,000which have been lent to the parent company (seeNote 18) .

13 . DEBTORS2009 2008

Other debtors 1,809 1,623Prepayments 4,373 5,230

6,182 6,853


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THE SCIENTIFIC AND MEDICAL NETWORKNOTES TO THE FINANCIAL STATE MENTSYEAR ENDED 31 DECEMBER 200914 . CREDITORS: Amounts falling due within one year

Amounts owed to group undertakingsGrants payableOther creditorsAccruals

20091,0005,50015,000

13,971

2008

1 , 0 0 0

12,35135,471

15 . RESTRICTED INCOME FUNDSBalance at1 Jan 2009

Theories toTheory Fund 3,035Character Education Project 13,818GP Library Project 6,336

23,18916. UNRESTRICTED INCOME FUNDS

General Funds

Balance at1 Jan 2009

41,785

17 . ANALYSIS OF NET ASSETS BETWEENFUNDS

Restricted Income Funds:Theories to Theory FundCharacter Education ProjectGP Library Project

- 3,035 3,035- 35,427 35,427- 3,336 3,336- 41,798 41,798Unrestricted Income Funds 5 93 31,054 31,647

Total Funds18 . RELATED PARTY TRANSACTIONS

13,351

Incoming Outgoing Balance atresources resources 31 Dec 2009

- - 3,03596,200 (74,591) 35,427- (3,000) 3,33696,200 (77,591) 41,798

Incomingresources

196,724

Outgoing Balance atresources 31 Dec 2009(206,862)

31,647

Tangible Netcurrentf i x e d a s s e t s a s s e t s Total

593 72,852 73,445

The Scientific andMedical Network Charitable Trust:During th e year, the Scientific and Medical Network Charitable Trust (charity registration number295267) made a donation of 32,207 (2008 -4,240) to the company.SMN Projects Limited:SMN Projects Limited (company registration number 3011944) is a subsidiary company of TheScientific and Medical Network. SM[N Projects Limited is owed 1,000 (2008 -1,000) by thecompany at the year end.

517. rsa: scientific and medical network (2009 financial statement): 1 manchester court moreton in...

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