Page 32 - AGM Pamphlet 2021
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7. Creditors: Amounts Falling Due Within One Year
2020 2019
£ £
Trade creditors 10,883 49,581
Taxation and social security 22,862 7,792
2020 Annual Accounts
Other creditors 7,968 43,177
41,713 100,550
8. Reserves
Income and expenditure account
£
At 1 January 2020 204,401
Deficit for the year 90,156
At 31 December 2020 294,557
9. Related Party Disclosures
The directors of the company are members of the Institute and as such must pay for
subscriptions and to attend events at the same rate as other members, apart from the
Annual Conference which they are expected to attend and do so free of charge.
During the year, one director paid £40 for Retired Membership, six directors paid £170 for
standard Membership and seven directors paid £195 for Fellowship.
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