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