2021-12-31-accounts

		Page
Charity Information .
Report of the Trustees'.
Independent Examiner's	Report.
Statement of Financial	Activities.
Balance Sheet
Notes to the Financial Statements.		10

Account) for	the year	g ended 31December 2	021
			Notes	2021	2020 E
Income from:
Donations					627
Subscriptions				16,140	16,790
Income from other trading		activities:
Ticket sales				2,564	7,154
Meeting suppers				5,958	3,130
Income from investments:
Dividend income				43,798	45,749
Interest income					23
Other income:
Cleaning				1,998	1,404
Room hire				11,775	11,342
Coronavirus job	Retention	Scheme		5,542	5,127
Total income				87,783	91,346
Expenditure on:
Raising funds				91,056	87,513
Charitable activities				9,625	4,610
Total expenditure				100,681	92,123
Net (expenditure)/income gains/(losses)		before other recognised		(12,898)	(777)
Gain/(loss) on revaluation		of investments		166,422	(17,439)
Net movement	in funds			153,524	(18,216)
Funds brought	forward		13	1,701,236	1,719,452
Funds carried	forward		13	1,854,760	1,701,236

						2021	2020
				Notes
Fixed assets
Tangible assets						8,184		8,782
Investments						1,725,545	1,552,178
						1,733,729	1,560,960
Current assets
Debtors				10	2,352		712
Cash at bank and		in hand			114,810		115,866
Cash held by brokers					10,670		29,394
					127,832		145,972
Creditors:
Amounts falling	due within		one year	11	(6,801)		(5,696)
Net current assets						121,031		140,276
Net assets						1,854,760	1,701,236
Funds ofthe charity
General —unrestricted				12,13		118,545		119,664
Designated —unrestricted investment fund				13		1,736,215	1,581,572
Total funds				13		1,854,760	1,701,236

Analysis ofexpend	iture
			2021	2020
Expenditure on raising	funds:
Repairs and renewals			1,674	4,383
Function expenses			11,832	11,214
Cleaning			901	1,001
Lecture expenses			293	167
Staff costs (Note 7)			22,892	22,901
Rent			20,000	20,000
Rates			2,843	2,724
Light and heat			405	2,580
Insurance			3,894	3,425
Printing and stationery			2,265	1,523
Advertising			225	880
Telephone and postage			400	461
Accountancy, legal and	professional	fees	3,955	2,743
Bank charges			214	115
Investment management	fees		11,300	10,363
Depreciation			3,014	3,033
Website costs			4,949
			91,056	87,513
Expenditure on charitable activities:
Donations and bursaries			9,625	4,610
Total expenditure			100,681	92,123

Total	expenditure	expenditure
Year ended	31December 2021		Staff costs	Other costsf	Total
Expenditure	on raising	funds	22,892	68,164	91,056
Charitable	activities			9,625	9,625
Total expenditure			22,892	77,789	100,681

Total e	xpenditure (continued)	xpenditure (continued)
Year ended	31December 2020		Staff costs f.	Other costs f	Total
Expenditure	on raising	funds	22,901	64,612	87,513
Charitable	activities			4,610	4,610
Total expenditure			22,901	69,222	92,123

	Net expenditure This is stated after char	for the year in			2021f	2020 f.
	Depreciation of tangible	assets			3,014	3,033
	Independent examination	fee			1,300	740
	Fees paid to the independent examiner		for accounting	services	1,300	885
	Operating lease charges				20,000	20,000

Staff costs
	2021f	2020
Staff costs comprise:
Wages and salaries	21,788	21,728
Social security costs	374	448
Pension costs	730	725
	22,892	22,901

otes to the Financial Statements for the ontinued) Tangible fixed assets	year ended 31December 2021
	Equipmentf
Cost or valuation
At 1 January 2021	47,751
Additions	2,416
At 31 December 2021	50,167
Depreciation
At 1 January 2021	38,969
Charge for the year	3,014
At 31 December 2021	41,983
Net book value
At 31 December 2021	8,184
At 31 December 2020	8,782

Investments
				2021f	2020f
Market value at 1 January			2021	1,552,178	1,598,892
Additions at cost				264,281	410,042
Disposals at market	value			(257,336)	(439,317)
Realised and unrealised		gains/(losses)		166,422	(17,439)
Market value as at	31	December 2021		1,725,545	1,552,178
Historical cost as at	31 December 2021			1,500,320	1,420,284
0. Debtors
				2021f	2020f
Prepayments and accrued			income	2,352	712
1. Creditors: amounts			falling due within one year	2021f	2020f
Aged creditors				14	366
Accrua Is and deferred in		come		6,787	5,330
				6,801	5,696

			2021f	2020 f.
At 1 January 2021			119,664	110,584
(Expenditure)/Income	for the	year	(12,898)	(777)
(Losses)/Gains on revaluation		of investments	166,422	(17,439)
Transfer to designated	funds		(154,643)	27,296
At 31 December 2021			118,545	119,664

		Unrestricted	Unrestricted	2021
		general	designated	f.
Tangible	fixed assets	8,184		8,184
Investments			1,725,545	1,725,545
Current	assets	117,162	10,670	127,832
Current	liabilities	(6,801)		(6,801)
At 31 December 2021		118,545	1,736,215	J,854,760

nalysis	of net assets between fun	ds
		Unrestricted	Unrestricted	2020
		general	designated	E
Tangible	fixed assets	8,782		8,782
Investments			1,552,178	1,552,178
Current	assets	116,578	29,394	145,972
Current	liabilities	(5,696)		(5,696)
At 31 December 2020		119,664	1,581,572	1,701,236

nimum lea	se payments under non-cancellable oper	ating leases, as follows:
		2021	2020
		E
Amounts	falling due:
Within one	year	20,000	20,000
Between two and five years		20,000	40,000
		40,000	60,000