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|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||
##
##
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##
||||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|
##
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##
|||||||||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)|
##
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