2022-12-31-accounts

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

ccount) for	the year	g ended 31December 2	022	p
			Notes	2022 E	2021
Income from:
Donations				140
Subscriptions				16,591	16,140
Income from other trading		activities:
Ticket sales				6,987	2,564
Meeting suppers				8,131	5,958
Income from investments:
Dividend income				46,366	43,798
Interest income
Other income:
Cleaning				1,404	1,998
Room hire				18,800	11,775
Coronavirus job	Retention	Scheme			5,542
Total income				98,419	87,783
Expenditure on:
Raising funds				102,832	91,056
Charitable activities				12,220	9,625
Total expenditure				115,052	100,681
Net (expenditure)/income gains/(losses)		before other recognised		(16,633)	(12,898)
Gain/(loss) on revaluation		of investments		(239,440)	166,422
Net movement	in funds			(256,073)	153,524
Funds brought forward			13	1,854,760	1,701,236
Funds carried	forward		13	1,598,687	1,854,760

						2022	2021
				Notes
Fixed assets
Tangible assets						6,518		8,184
Investments						1,468,827	1,725,545
						1,475,345	1,733,729
Current assets
Debtors				10	4,092		2,352
Cash at bank and		in hand			106,635		114,810
Cash held by brokers					19,212		10,670
					129,939		127,832
Creditors:
Amounts falling	due within		one year	11	(6,597)		(6,801)
Net current assets						123,342		121,031
Net assets						1,598,687	1,854,760
Funds ofthe charity
General —unrestricted				12,13		110,648		118,545
Designated —unrestricted investment fund				13		1,488,039	1,736,215
Total funds				13		1,598,687	1,854,760

Analysis ofexpend	iture
				2022	2021
					f.
Expenditure on raising	funds:
Repairs and renewals				6,986	1,674
Function expenses				18,163	11,832
Cleaning				1,081	901
Lecture expenses				188	293
Staff costs (Note 7)				23,785	22,892
Rent				20,000	20,000
Rates				2,558	2,843
Light and heat				753	405
Insurance				5,731	3,894
Printing and stationery				2,582	2,265
Advertising				406	225
Telephone and postage				216	400
Accountancy, legal and	professional		fees	4,813	3,955
Bank charges				588	214
Investment management	fees			11,949	11,300
Depreciation				2,433	3,014
Website costs				600	4,949
				102,832	91,056
Expenditure on charitable		activities:
Donations and bursaries				12,220	9,625
Total expenditure				115,052	100,681

Total	expenditure	expenditure
Year ended	31December 2022		Staff costs	Other costs	Total
Expenditure	on raising	funds	23,785	79,047	102,832
Charitable	activities			12,220	12,220
Total expenditure			23,785	91,267	115,052

Total e	xpenditure (continued)	xpenditure (continued)
Year ended	31December 2021		Staff costs	Other costs	Total
					f.
Expenditure	on raising	funds	22,892	68,164	91,056
Charitable	activities			9,625	9,625
Total expenditure			22,892	77,789	100,681

Net ex	penditure for th	penditure for th	e year
This is stated	after charging:—					2022	2021
						f.
Depreciation	of tangible	assets				2,433	3,014
Independent	examination	fee				1,425	1,300
Fees paid to	the independent		examiner	for accounting	services	1,425	1,300
Operating lease charges						20,000	20,000

Staff costs
	2022	2021
	f.	f.
Staff costs comprise:
Wages and salaries	22,393	21,788
Social security costs	608	374
Pension costs	784	730
	23,785	22,892

otes to the Financial Statements for the ontinued) Tangible fixed assets	year ended 31December 2022
	Equipment
	f.
Cost or valuation
At 1january 2022	50,167
Additions	767
At 31 December 2022	50,934
Depreciation
At 1january 2022	41,983
Charge for the year	2,433
At 31 December 2022	44,416
Net book value
At 31 December 2022	6,518
At 31 December 2021	8,184

9.	Investments
				2022	2021
				f.	f.
	Market value at 1january		2022	1,725,545	1,552,178
Additions at cost				235,512	264,281
	Disposals at market	value		(252,790)	(257,336)
	Realised and unrealised gains/(losses)			(239,440)	166,422
	Market value as at	31December 2022		1,468,827	1,725,545
	Historical cost as at	31 December 2022		1,501,597	1,500,320

10.	Debtors
					2022 f.	2021f
Prepayments		and accrued		income	4,092	2,352
11.	Creditors: amounts			falling due within one year	2022	2021
					f.
Aged	creditors					14
Accruals and		deferred	income		6,597	6,787
					6,597	6,801

					2022	2021
					f.	f.
At 1january	2022				118,545	119,664
(Expenditure)/income		for	the	year	(16,633)	(12,898)
(Losses)/gains	on revaluation			of investments	(239,440)	166,422
Transfer from	designated		funds		248,176	(154,643)
At 31 December 2022					110,648	118,545

3. Analysis of net assets betwee	n funds
At 31December 2022	Unrestricted General f.	Unrestricted designated f.	2022
Tangible fixed assets	6,518		6,518
Investments		1,468,827	1,468,827
Current assets	110,727	19,212	129,939
Current liabilities	(6,597)		(6,597)
At 31 December 2022	110,648	1,488,039	],598,687
At 31December 2021	Unrestricted General	Unrestricted designated	2021
	f.	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	],854,760

nimum lea	se payments under non-cancellable oper	ating leases, as follows:
		2022	2021
		f.
Amounts	falling due:
Within one	year	20,000	20,000
Between two and five years			20,000
		20,000	40,000