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2020-12-31-accounts

Net movement
in resources		 Net movement
in resources		 2020 2019
6000s KOOOs
Deficit on recurring
items		 (115) (131)
Refurbishment-related
net		 costs (8) (8)
CJRS grant 7
Gain on sale offurniture 7
Legacies 32 53
Net movement
in resources		 before
valuation
adjustments		 (77) (86)
Net (losses)/gains
on investments		 15
Net movement
in resources		 after
valuation
adjustments

Trustees continue
to c
sheet		 Trustees continue
to c
sheet		 onsi der how b est to address th ese issues.
Net assets 2020 2019
8000s 6000s
Total net assets 1,819 1,891 Decrease 4%
Unrestricted
funds:
Tangible fixed assets 1,177 1,135 Increase 4%
Intangible fixed assets 25 29 Decrease 14%
Deposits and other investments 289 334 Decrease 13%
Cash balances
Other net assets/(liabilities)		 111
~27)
~1575		 175
~34)
~1639		 Decrease 37%
Decrease 21%
Decrease 4%
Restricted and Endowment funds
Deposits, investments and cash 244 252 Decrease 3%
Other net assets/(liabilities)
244 252

Unrestricted Restricted Total Total
Notes funds funds Endowment 2020 2019
f f f 8
INCOME AND ENDOWMENT FROM:
Donations and Legacies
Subscriptions 141,603 141,603 134,720
Donations 10,084 10,084 39,029
Legacies 32,095 32,095 33,246
investment
Dividends 4 4 12
Rental income 7,051 7,051 1,723
Interest 7,051 999 8,050 12,124
Charitableactivities
Grants 7,386 43,325 50,711 42,613
Educational
events and
publications 3a 32,746 526 33,272 87,663
Other 3b 6,810 6,810
Total income 244,830 44,850 289,680 371,134
induding
refurbishment-re(ated:		 30,933
EXPENDITURE ON
Raising funds (15,541) (15,541) (16,611)
Charitableactivities
Architectural
conservation		 (206,713) (46,870) (253,583) (273,486)
Education (97,908) (97,908) (167,049)
Total expenditure 4 (320,162) (46,870) (367,032) (437,146)
inciudino refurbishment-related: (8,403) (8,403) (39,193)
Net gains/(losses) on
investments (45) 6,122 6,077 15,182
Net income/(expenditure) (75,377) (2,020) 6,122 (71,275) Po,sao)
Transfers between
funds		 12,001 (12,001)
Net Movement in funds 6 (63,376) (14,021) 6,122 (71,275) po,sso)
RECONCILIATION OF FUNDS
Brought forward at1 January 1,638,572 153,415 98,977 1,890,964 1,961,794
Carried forward at31December 1,575,196 139,394 1DD,D99 1,819,989

Unrestricted Restricted Total Total
Notes funds funds Endowment 2020 2019
E E E E E
TANGIBLE FIXEDASSETS 7 1,176,717 1,176,717 1,135,120
INTANGIBLEASSETS 8 24,990 24,990 28,51s
INVESTMENTS 9 99 105,099 105,198 99,121
1,201,806 105,099 1,306,905 1,262,759
CURRENT ASSETS
Stock 1,305 1,305
Debtors 10 43,287 43,287 44,583
Investments 288,937 112,249 401,186 486,387
Cash at bank and in hand 110,977 27,145 138,122 176,452
444,506 139,394 583,900 707,422
CURRENT LIABILITIES
Amountsfalling due within oneyear 11 (71,116) (71,116) (79,217)
NET CURRENT ASSETS 373,390 139,394 512,784 628,205
TOTAL ASSEfS LESSCURRENT
LIABILITIESAND NETASSETS 1,575,196 139,394 105,099 1,819,689 1,890,964
Represented
by:
FUNDS
Unrestricted 12 1,575,196 1,575,196 1,638,572
Restricted 13 139,394 139,394 153,415
Endowment 14 105,099 105,099 98,977
15 1,575,196 139,394 105,099 1,819,689 1,890,964
No 394
CASH FLOW STATEMENTfor the year ended 31 DECEMBER2020
Total Total
2020 2019
Cash flows from operating
activities:
Net cash provided
by operating
activities		 (76,552) (86,531)
Cash flows from investing
activities:
Dividends
and interest on investments		 7,294 12,136
Reduction
in investments
that are not cash equivalents		 25,350
Purchase oftangible asset - office equipment (5,915)
Purchase oftangible asset -fixtures &fittings (7,405)
Purchase oftangible asset - refurbishment 46,868 (903,165)
Net cash (absorbed)/provided
by investing		 activities (21,629) (896,944)
Change in cash and cash equivalents in the
reporting
period		 (98,181) (983,475)
Cash and cash equivalents
at the beginning		 of
the reporting
period		 587,489 1,570,964
Cash and cash equivalents
at the end		 ofthe
reporting
period		 489,308 587,489
Note tothe cash flow statement
6
Net income for the reporting period (71,275) (70,830)
Adjustments
for:
Amortisation
ofintangible
asset		 3,528 3,528
Depreciation
oftangible assets		 2,738 936
Donation oftangibleassets (2,200)
Unrealised
(gains)/losses
on investments		 (6,077) (15,182)
Dividends
and interest on investments		 (8,054) [12,136)
(Increase)/decrease
in stocks		 (1,305) 1,873
(increase)/decrease
in debtors		 2,056 (6,723)
Increase/(decrease)
in creditors		 1,837 14,203
Net cash provided by operating
activi		 ties (76,552) (86,531)
Reconciliation
to balance sheet
f 6
Cash at bank and in hand 138,122 176,452
Current asset investments
that are cash equivalents		 351,186 411,037
Total cash and cash equivalents 489,308 587,489
Current asset investments
that are not cash equivalents		 50,000 75,350
539,308 662,839

2 Grants 2020 2019
E f
Historic England 41,224 40,615
Cadw 2,101 2,000
Coronavirusiob
Retention Scheme		 7,386
50,711 42,615
Receipt ofthe Historic England and Cadw grants is conditional on the Society incurring sufficient levels of
eligible expenditure during the grant years, which run to March. This will be confirmed to Historic England
and to Cadw in returns submitted after the year end. One member ofstaff was furloughed during the year.
3a Educational
Events		 and Publications 2020 2019
E E
Income from events 22,942 80,573
Related expenditure (12,122) (66,195)
Surplus from events 10,820 14,378

Total expenditure
Conservation Education Fundraising Total 2020
E E E
Staff 179,062 37,118 11,258 227,438
Other direct costs
office
Events 12,122 12,122
The Victorian 31,922 31,922
Casework 6,406 6,406
Publications 1,849 1,849
Other 778 778
Allocated costs
General
cost		 61,499 12,748 3,867 78,114
Related to refurbishment 6,616 1,371 416 8,403
253,583 97,9118 15,541 387,832

TE S TO THE FINANCIAL STATEMENTS FORTHE YEAR ENDED 31DECEMBE R 2020
4 Total expenditure (continued)
Conservation Education Fundrsising Total 2019
E f f
Staff 163,899 35,722 10,506 210,127
Other direct costs
Events 66,195 66,195
The Victorian 35,883 35,883
TheJournal
Casework 14,355 14,355
Publications
Other 8,493 8,493
Allocated costs
General officecosts 64,660 14,093 4,145 82,898
Re(ated to refurbishment 30,572 6,663 1,960 39,195
273,486 167,049 16,611 457,146
Costs include: 2020 2019
E f
Auditors'
remuneration
-audit fee 4,560 4,560
Depreciation
and amortisation		 6,266 4,464
Staffcosts comprise:
-Wages &salaries 203,916 186,918
-Social security costs 14,167 13,785
-Pension costs 9,355 9,424
227,438 210,127

unrestricted Restricted Endow-
funds funds ment 2019 Total
f f f f
INCOME:
Subscriptions 134,720 134,720
Donations 8,096 30,933 39,029
Legacies 53,246 53,246
Dividends
and interest		 10,873 1,263 12,136
Rental income 1,725 1,725
Grants 42,615 42,615
Educational
events and publications		 87,320 343 87,663
Total income 295,980 75,154 371,134
EXPEN D ITU RE:
Raising funds (16,611) (16,611)
Architectural
conservation		 (230,856) (42,630) - (273,486)
Education (167,049) (167,049)
Total expenditure (414,516) (42,630) (457,146)
Net gains/(losses) on investments (34) 15,216 15,182
Net income/(expenditure) (118,570) 32,524 15,216 (70,830)
7 Tangible Fixed Assets
Freehold Office Furniture
Cost: premisesf equipmentf &fittings
f		 Total
f
Asat 1January 2020 1,113,596 23,855 23,138 1,160,589
Disposal s (scrapped)
Additions 44,335 44,335
As at 31December 2020 1,157,931 23,855 23,138 1,204,924
Depreciation:
Asat 1January 2020 18,876 6,593 25,469
On disposals
Charge for year 1,183 1,555 2,738
As at31December 2020 20,059 8,148 28,207
Net book value:
Asat31December 2020 1,157,931 3,796 14,990 1,176,717
As at31December 2019 1,113,596 4,91~ 16,545 1,135,125

8 Intangible
Assets
Members hi p
database
Cost:
As at 1January
and 31December 2020		 35,280
Amortisation:
As at 1January 2020 6,762
Charge for year 3,528
As at 31December 2020 10,290
Net book value:
As at31December 2020 24,999
As at 31December 2019 28,518
9 Investments
Fixed Asset Investments 2020 2019
f f
Fair value asat 1Ian uary 99,121 159,289
Additions
Reclassification to current asset investments (75,350)
Unreal ised revaluati on gal ns/(I osses) 6,077 15,182
Fair value as at 31December 105,198 99,121

he Vic torian Society Annual
Report and Financial Statements		 torian Society Annual
Report and Financial Statements		 torian Society Annual
Report and Financial Statements		 torian Society Annual
Report and Financial Statements		 Company Registration
No 394099
NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
10 Debtors 2020 2019
f f
Trade debtors 2,199 2,251
Other debtors and prepayments 4,481 1,871
Accrued income 36,607 40,461
43,287 44,583
11 Liabilities: Amountsfalling due within one year 2020
f		 2019
f
Trade creditors 706 8,089
Accruals 58,212 56,088
PAVE &Pension 6,699 6,750
Deferred income 5,499 8,290
71,116 79,217
Deferred income in 2019represented income received in advance for events held after the year end.
Deferred income in 2020 represented income received for events that were cancelled and will be
rescheduled
for2021.All deferred income isreleased within 12		 months.
12 Unrestricted
funds
Refurbish- General Total
ment Fundf Funds f
Balance at 1January 2019 923,546 790,553 1,714,099
Transfer during the year (923,546) 923,546
Net income/(expenditure) forthe year (118,570) (118,570)
Transfer from restricted funds 43,043 43,043
Balance at 1January 2020 1,638,572 1,638,572
Net income/(expenditure) forthe year (75,377) (75,377)
Transfer from restricted funds 12,001 12,001
Balance at31December 2020 1,575,196 1,575,196
The significant
refurbishment		 ofPriory Gardens was completed in November 2019,subject only to snagging
and other minor works. The balance ofthe Refurbishment Fund was therefore transferred
to General Funds
at that time.
Total unrestricted
funds		 are made up asfollows:
2020 2019
f f
Tangible and intangible fixed assets 1,201,707 1,163,638
Fixed asset investments 99 144
Net current assets 373,390 474,790
1,575,196 1,638,572
Restrict ed funds
Pevener
Memorial Mary Heath
Essay Fund
f		 Trust
f		 Grants Donations Total
f
Balance at1January 2019 11,625 152,309 163,934
Receiva bieduring the year
-Donations 30,933 30,933
-Grants 42,615 42,615
-Interest 1,263 1,263
-Educational
events &publications		 343 343
11,625 153,915 42,615 30,933 239,088
Applied during the year (15) (42,615) - (42,630)
Transfer to unrestricted funds (12,110) - (30,933) (43,043)
Balance at 1January 2020 11,625 141,790 153,415
Receivable during the year
-Grants 43,325 43,325
-Interest 999 999
-Educational
events &publications		 526 526
11,625 143,315 43,325 198,265
Applied during the year (3,545) (43,325) (46,870)
Transfer to unrestricted funds (12,001) (12,001)
Balance at31December 2020 11,62~ 127,766 139,394
comprising:
2019
Current asset investments 11,625 140,284 151,909
Cash at bank 1,506 1,506
11,625 141,790 153,415
2020
Current asset investments 11,625 100,624 112,249
Cash at bank 27,145 27,145
11,625 127,769 139,394

2020 2019
f f
Total income 289,680 371,134
Total expenditure (367,032) (457,146)
Net deficit forthe year before gains/losses on investment assets (77,352) (86,012)
Unrealised gains/(losses) on investment assets, excluding endowment funds (45) (26)
Net deficit forthe year, excluding endowment funds P7,397) (86,038)