| Net movement in resources | 2021 | 2020 |
|---|---|---|
| £000s | £000s | |
| Deficitonrecurring items | (37) | (115) |
| Non-recurring items | ||
| Refurbishment-related net costs | - | (8) |
| Write-offofdatabase | (18) | - |
| Non-recurring grants | 41 | 7 |
| Non-recurring staff costs (net) | (18) | - |
| Gain on saleoffurniture | - | 7 |
| Legacies | 273 | 32 |
| Surplus/(Deficit) before valuation | ||
| adjustments | 241 | (77) |
| Net gains on investments | 15 | 6 |
| Surplus/(Deficit) for theyear | 256 | {71) |
| t be done. | |||
|---|---|---|---|
| Income | 2021 | 2020 | |
| £000s | £000s | ||
| Total | 605 | 290 | Total income up109% |
| Comprising: | |||
| Subscription income | 153 | 142 | Increase 8% |
| Donations | 8 | 10 | Decrease 20% |
| Legacies | 273 | 32 | Increase (non-recurring) |
| Rental income | 15 | 7 | Increase 114% |
| Other investment income | 6 | 8 | Decrease 25% |
| Grants | 85 | 51 | Increase 67% |
| Educational events and publications | 62 | 33 | Increase 88% |
| Other | 3 | 7 | Decrease (non-recurring) |
| Expenditure | 2021 | 2020 |
|---|---|---|
| £000s | £000s | |
| Total | 364 | 367 Total expenses down1% |
| Comprising: | ||
| Architectural conservation | 275 | 255 Increase 8% |
| Educational activities | 83 | 97 Decrease 14% |
| Fundraising | 6 | 15 Decrease 60% |
| sheet | ||
|---|---|---|
| Net assets | 2021 | 2020 |
| £000s | £000s | |
| Total net assets | 2,076 | 1,819Increase 14% |
| Unrestricted funds: | ||
| Tangible fixed assets | 1,174 | 1,177 Stable |
| Intangible fixed assets | 4 | 25 Decrease 84% |
| Deposits andotherinvestments | 336 | 289 Increase 16% |
| Cash balances | 276 | 111Increase 149% |
| Other net assets/(liabilities) | 36 | (27) n/a |
| 1,826 | 1 575 Increase 16% | |
| Restricted and Endowment funds: | ||
| Deposits, investments and cash | 250 | 244Increase 2% |
| Othernetassets/(liabilities) | - | - |
| 250 | 244 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | Endowment | 2021 | 2020 | ||
| (Restated:see | ||||||
| note4) | ||||||
| Notes | £ | £ | £ | £ | £ | |
| INCOME AND ENDOWMENT FROM: | ||||||
| DonationsandLegacies | ||||||
| Subscriptions | 152,588 | 152,588 | 141,603 | |||
| Donations | 7,502 | 625 | 8,127 | 10,084 | ||
| Legacies | 273,213 | 273,213 | 32,095 | |||
| Investment | ||||||
| Dividends | 4 | |||||
| Rentalincome | 15,400 | 15,400 | 7,051 | |||
| Interest | 5,807 | 277 | 6,084 | 8,050 | ||
| Charitable activities | ||||||
| Grants | 2 | 36,825 | 47,847 | 84,672 | 50,711 | |
| Educational events and | ||||||
| publications | 3a | 60,966 | 412 | 61,378 | 33,272 | |
| Other | 3b | 3,204 | 3,204 | 6,810 | ||
| Totalincome | 555,505 | 49,161 | 604,666 | 289,680 | ||
| I _including refurbishment-related: _ |
-I | |||||
| EXPENDITURE ON | ||||||
| Raising funds | (6,391) | (6,391) | (15,294) | |||
| Charitable activities | ||||||
| Architectural conservation | (226,448) | (47,895) | (274,343) | (254,647) | ||
| Education | (82,866) | {82,866) | (97,091) | |||
| Totalexpenditure | 4 | (315,705) | (47,895 ) | (363,600) | (367,032) | |
| j_Includingrefurbishment-related:_ | _rs,403)_I | |||||
| Net gains/(losses) on | ||||||
| investments | 9 | 28 | 14,973 | 15,001 | 6,077 | |
| Netincome/(expenditure) | 239,828 | 1,266 | 14,973 | 256,067 | (71,275) | |
| Transfers between funds | 11,293 | (11,293) | ||||
| NetMovementinfunds | 6 | 251,121 | (10,027) | 14,973 | 256,067 | (71,275) |
| RECONCILIATIONOFFUNDS | ||||||
| Brought forward at 1 January | 1,575,196 | 139,394 | 105,099 | 1,819,689 | 1,890,964 | |
| Carried forward at 31 December | 1,826,317 | 129,367 | 120,072 | 2,075,756 | 1,819,689 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | Endowment | 2021 | 2020 | ||
| Notes | £ | £ | £ | £ | £ | |
| TANGIBLEFIXEDASSETS | 7 | 1,173,945 | 1,173,945 | 1,176,717 | ||
| INTANGIBLEASSETS | 8 | 4,315 | 4,315 | 24,990 | ||
| INVESTMENTS | 9 | 127 | 120,072 | 120,199 | 105,198 | |
| 1,178,387 | 120,072 | 1,298,459 | 1,306,905 | |||
| CURRENTASSETS | ||||||
| Stock | 1,980 | 1,980 | 1,305 | |||
| Debtors | 10 | 67,063 | 125 | 67,188 | 43,287 | |
| Investments | 336,323 | 128,527 | 464,850 | 401,186 | ||
| Cashatbank andinhand | 275,584 | 715 | 276,299 | 138,122 | ||
| 680,950 | 129,367 | 810,317 | 583,900 | |||
| CURRENTLIABILITIES | ||||||
| Amountsfallingduewithinoneyear | 11 |
{33,020) | (33,020) | (71,116) | ||
| NETCURRENTASSETS | 647,930 | 129,367 | 777,297 | 512,784 | ||
| TOTALASSETSLESSCURRENT | ||||||
| LIABILITIESANDNETASSETS | 1,826,317 | 129,367 | 120,072 | 2,075,756 | 1,819,689 | |
| Represented by: | ||||||
| FUNDS | ||||||
| Unrestricted | 12 | 1,826,317 | 1,826,317 | 1,575,196 | ||
| Restricted | 13 | 129,367 | 129,367 | 139,394 | ||
| Endowment | 14 | 120,072 | 120,072 | 105,099 | ||
| 15 | 11826,317 | 129,367 | 120,072 | 2,075,756 | 1,819,689 |
| CASHFLOW STATEMENTfortheyearended31DECEMBER2021 | ||
|---|---|---|
| Total | TotalI | |
| 2021 | 2020 | |
| £ | £ | |
| Cashflowsfromoperating activities: | ||
| Netcashprovided by operating activities | 222,596 | (76,552) |
| cashflowsfrominvestingactivities: | ||
| Dividends and interest on investments | 6,054 | 7,294 |
| Increase in investmentsthatarenotcashequivalents | (203,851) | 25,350 |
| Purchaseoftangibleasset-fixtures&fittings | (7,405) | |
| Purchaseoftangibleasset- refurbishment | (26,809} | (46,868) |
| Netcash(absorbed)/provided by investing activities | (224,606) | (21,629) |
| Changein cash and cash equivalents in the | ||
| reporting period | (2,010} | (98,181) |
| Cashandcashequivalents at thebeginningof | ||
| thereportingperiod | 489,308 | 587,489 |
| Cashandcashequivalents at theendofthe | ||
| reportingperiod | 487,298 | 489,308 |
| Note to thecashflow statement | ||
| £ | £ | |
| Netincome for the reporting period | 256,067 | (71,275) |
| Adjustments for: | ||
| Amortisation andimpairmentofintangibleasset | 20,675 | 3,528 |
| Depreciationoftangibleassets | 2,837 | 2,738 |
| Unrealised (gains)/losses on investments | (15,001) | (6,077) |
| Dividends and interest on investments | (6,084) | (8,054) |
| (lncrease)/decrease in stocks | {675) | {1,305) |
| (lncrease)/decrease in debtors | (23,871) | 2,056 |
| lncrease/(decrease) in creditors | (11,352) | 1,837 |
| Netcash providedbyoperating activities | 222,596 | (76,552) |
| Reconciliationtobalancesheet | ||
| £ | £ | |
| Cashat bank and in hand | 276,299 | 138,122 |
| Currentassetinvestmentsthatarecashequivalents | 210,999 | 351,186 |
| Totalcashandcashequivalents | 487,298 | 489,308 |
| Currentassetinvestmentsthatarenotcashequivalents | 253,851 | 50,000 |
| 741,149 | 539,308 |
| 2 | Grants | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Historic England | 41,166 | 41,224 | |
| Cadw | 2,081 | 2,101 | |
| CoronavirusJob retention Scheme | 7,386 | ||
| KickStarter grants | 17,561 | ||
| HounslowBusinessInterruptiongrant | 16,264 | ||
| Other | 7,600 | ||
| 84,672 | 50,711 |
| 3a | Educational Events and Publications | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Incomefromevents | 51,769 | 22,942 | |
| Related expenditure | (11,921) | (12,122) | |
| Surplusfromevents | 39,848 | 10,820 |
| Totalexpenditure | ||||
|---|---|---|---|---|
| Conservation | Education | Fundraising | Total2021 | |
| £ | £ | £ | £ | |
| Staff (including temporary staff) | 191,336 | 24,458 | 4,405 | 220,199 |
| Otherdirectcosts | ||||
| Events | 11,921 | 11,921 | ||
| TheVictorian | 32,760 | 32,760 | ||
| TheJournal | ||||
| Casework | 7,363 | 7,363 | ||
| Publications | 2,704 | 2,704 | ||
| Allocated support and governance costs | ||||
| Premises and general office costs | 43,979 | 6,011 | 1,083 | 51,073 |
| Finance | 4,826 | 660 | 119 | 5,605 |
| IT | 23,607 | 3,227 | 581 | 27,415 |
| Governance | 3,926 | 537 | 97 | 4,560 |
| 275,037 | 82,278 | 6,285 | 363,600 |
| Conservation | Education | Fundraising | Total 2020 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Staff (including temporarystaff} | 181,062 | 37,118 | 11,258 | 229,438 |
| Otherdirectcosts | ||||
| Events | 12,122 | 12,122 | ||
| TheVictorian | 31,922 | 31,922 | ||
| TheJournal | ||||
| Casework | 9,406 | 9,406 | ||
| Publications | 1,849 | 1,849 | ||
| Other | 778 | 778 | ||
| Allocatedsupport and governance costs | ||||
| Relatedtorefurbishment | 6,616 | 1,371 | 416 | 8,403 |
| Other premises and general office costs | 29,423 | 6,099 | 1,850 | 37,372 |
| Finance | 5,468 | 1,133 | 344 | 6,945 |
| IT | 19,082 | 3,955 | 1,200 | 24,237 |
| Governance | 3,590 | 744 | 226 | 4,560 |
| 254,647 | 97,091 | 15,294 | 367,032 |
| Costsinclude: | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | ||
| -auditfee | 4,560 | 4,560 |
| Depreciation and amortisation | 4,926 | 6,266 |
| Impairment | 18,586 | |
| Staff costs comprise: | ||
| -Wages&salaries | 187,638 | 203,916 |
| -Social security costs | 11,787 | 14,167 |
| - Pension costs | 8,374 | 9,355 |
| 207,799 | 227,438 |
| Unrestricted | Restricted | Endow- | ||
|---|---|---|---|---|
| funds | funds | ment | 2020Total | |
| £ | £ | £ | £ | |
| INCOME: | ||||
| Subscript ions | 141,603 | 141,603 | ||
| Donations | 10,084 | 10,084 | ||
| Legacies | 32,095 | 32,095 | ||
| Dividends and interest | 7,055 | 999 | 8,054 | |
| Rentalincome | 7,051 | 7,051 | ||
| Grants | 7,386 | 43,325 | 50,711 | |
| Educational events and publications | 32,746 | 526 | 33,272 | |
| Other | 6,810 | 6,810 | ||
| Total income | 244,830 | 44,850 | 289,680 | |
| EXPENDITURE: | ||||
| Raising funds | (15,294) | (15,294) | ||
| Architectural conservation | (207,777) | {46,870) | (254,647) | |
| Education | (97,091) | {97,091) | ||
| Total expenditure | (320,162) | (46,870) | (367,032) | |
| Net gains/(losses) on investments | (45) | 6,122 | 6,077 | |
| Netincome/(expenditure) | (75,377) | (2,020) | 6,122 | (71,275) |
| Tangible Fixed Assets | ||||
|---|---|---|---|---|
| Freehold premises |
Office equipment |
Furniture &fittings |
Total | |
| £ | £ | £ | £ | |
| Cost: | ||||
| Asat1 January2021 | 1,157,931 | 23,855 | 23,138 | 1,204,924 |
| Additions | 65 | 65 | ||
| Asat 31 December 2021 | 1,157,996 | 23,855 | 23,138 | 1,204,989 |
| Depredation: | ||||
| Asat1 January 2021 | 20,059 | 8,148 | 28,207 | |
| Charge for year | 1,183 | 1,654 | 2,837 | |
| Asat31 December 2021 | 21,242 | 9,802 | 31,044 | |
| Netbookvalue: | ||||
| Asat 31 December 2021 | 1,157,996 | 2,613 | 13,336 | 1,173,945 |
| Asat31 December 2020 | 1,157,931 | 3,796 | 14,990 | 1,176,717 |
| IntangibleAssets | |||
|---|---|---|---|
| Membership | |||
| database | Website | Total | |
| £ | £ | £ | |
| Cost: | |||
| Asat1 January2021 | 28,512 | 6,768 | 35,280 |
| Disposals (scrapped) | (28,512) | (28,512) | |
| Additions | |||
| Asat31 December 2021 | 6,768 | 6,768 | |
| Amortisationandimpairment | |||
| Asat 1 January2021 | 8,316 | 1,974 | 10,290 |
| Charge for year | 1,610 | 479 | 2,089 |
| Impairment | 18,586 | 18,586 | |
| Ondisposals | (28,512) | (28,512) | |
| Asat 31 December2020 | 2,453 | 2,453 | |
| Netbookvalue: | |||
| Asat 31 December 2021 | 4,315 | 4,315 | |
| Asat 31 December 2020 | 20,196 | 4,794 | 24,990 |
| 9 | Investments | ||
|---|---|---|---|
| FixedAssetInvestments | 2021 | 2020 | |
| £ | £ | ||
| Fair valueasat 1 January | 105,198 | 99,121 | |
| Unrealised revaluation gains/(losses) | 15,001 | 6,077 | |
| Fair valueasat 31 December | 120,199 | 105,198 |
| 10 | Debtors | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Trade debtors | 2,199 | ||
| Other debtors and prepayments | 10,071 | 4,481 | |
| Accrued income | 57,117 | 36,607 | |
| 67,188 | 43,287 |
| 11 | Liabilities: Amounts falling due within one year | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 1,740 | 706 | |
| Accruals | 21,339 | 58,212 | |
| PAYE&Pension | 3,988 | 6,699 | |
| Deferredincome | 5,953 | 5,499 | |
| 33,020 | 71,116 |
| 12 | Unrestricted funds | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Balance at 1 January | 1,575,196 | 1,638,572 | |
| Net income/(expenditure) fortheyear | 239,828 | (75,377) | |
| Transfer from restricted funds | 11,293 | 12,001 | |
| Balance at31December | 1,826,317 | 1,575,196 | |
| Total unrestricted funds are made up as follows: | |||
| £ | £ | ||
| Tangible and intangible fixed assets | 1,178,260 | 1,201,707 | |
| Fixed asset investments | 127 | 99 | |
| Netcurrentassets | 647,930 | 373,390 | |
| 1,826,317 | 1,575,196 |
| Pevsner | |||||
|---|---|---|---|---|---|
| Memorial | _Mary_Heath | ||||
| Essay Fund | Trust | Grants | Donations | Total | |
| £ | £ | £ | £ | £ | |
| Balance at 1 January2020 | 11,625 | 141,790 | 153,415 | ||
| Receivable duringtheyear | |||||
| -Grants | 43,325 | 43,325 | |||
| -Interest | 999 | 999 | |||
| -Educational events&publications | 526 | 526 | |||
| 11,625 | 143,315 | 43,325 | 198,265 | ||
| Applied duringtheyear | (3,545) | (43,325) | (46,870) | ||
| Transfertounrestricted funds | (12,001) | (12,001) | |||
| Balance at 1 January2021 | 11,625 | 127,769 | 139,394 | ||
| Receivable duringtheyear | |||||
| -Donations | 625 | 625 | |||
| -Grants | 47,847 | 47,847 | |||
| -Interest | 277 | 277 | |||
| -Educational events&publications | 412 | 412 | |||
| 11,625 | 128,458 | 47,847 | 625 | 188,555 | |
| Appliedduringtheyear | (48) | (47,847) | (47,895) | ||
| Transfertounrestricted funds | (11,293) | (11,293) | |||
| Balance at31December2021 | 11,625 | 117,117 | 625 | 129,367 | |
| comprising: | |||||
| 2020 | |||||
| Current asset investments | 11,625 | 100,624 | 112,249 | ||
| Cash at bank | 27,145 | 27,145 | |||
| 11,625 | 127,769 | 139,394 | |||
| 2021 | |||||
| Debtors | 125 | 125 | |||
| Current asset investments | 11,625 | 116,902 | 500 | 128,527 | |
| Cash at bank | 715 | 715 | |||
| 11,625 | 117,617 | 625 | 129,367 |
| expenditure account: | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Total income | 604,666 | 289,680 |
| Total expenditure | (363,600) | (367,032) |
| Net surplus/(deficit) fortheyear before gains/losses on investmentassets | 241,066 | (77,352) |
| Unrealised gains/(losses) on investmentassets,excluding endowment funds | 28 | (45} |
| Net surplus/(deficit)fortheyear, excluding endowment funds | 241,094 | (77,397} |