2021-03-31-accounts

			Notes	General	Endow'mt	Research	TOTAL	TOTAL
				Fund	Fund	Fund	2021	2020
					E
INCOME FROM
from generated funds
Members' activities								36,538
Sale ofpublications				376			376	1,671
Investment income
Dividends				1,391		258	1,649	1,364
Bank interest				58		22	85	423
				1,825		280	2,110	39,996
from charitable activities
Subscriptions - full members				21,686			21,686	20,981
Journal subscriptions				3,213			3213	2,754
				24,899			24,899	23,735
Income tax recoverable				3,893			3,893	2,805
Donations				281		35,035	35,316	124
				29,073		35,035	64,108	26,664
TOTAL INCOME				30,898		35,315	66,218	66,660
EXPENDITURE ON
Cost ofgenerating funds
Members' activities			2	6,349			6,349	44,147
Charitable activities
Journal				8,179			8,179	7,537
Newsletters 8 leaflet				2,354			2,354	2,256
Grants				8,750		1,500	10,250	4,525
				19,283		1,500	20,783	14,318
Governance costs				1,335			1,335	1,425
TOTAL EXPENDITURE				26,967		1,500	28,467	59,890
NET INCOME/(EXPENDITURE)		AND	NET
MOVEMENT IN FUNDS FOR	THE YEAR			3,931		33,815	37,751	6,770
(Losses)gains on investment	assets			10,179		655	10,834	-357
Total funds brought forward				103,397	8,071	28,268	139,736	133,323
TOTAL FUNDS AT 31 MARCH		2021		117,507	8,076	62,738	188,321	139,736

	Notes	General	Endow'mt	Research	TOTAL	TOTAL
		Fund	Fund	Fund	2021	2020
			f
TANG IBLE FIXEDASSETS
Chairman's Cup	6	7,920			7,920	7,920
investments	7	49,374		18,155	67,529	39,194
		57,294		18,155	75,449	47,114
CURRENT ASSETS
Debtors and prepayments	8	4,298			4,298	15,694
Bank balances		65,839	8,076	46,083	119,998	87,804
		70,137	8,076	46,083	124,296	103,498
CURRENT LIABILITIES
Deferred income and accruals	9	9,924		1,500	11,424	10,876
NET CURRENT ASSETS		60,213	8,076	44,583	112,872	92,622
TOTAL NET ASSETS		117,507	8,076	62,738	188,321	139,736
RESERVES/FUNDS	10	117,507	8,076	62,738	188,321	139,736

surplus arose as fo	llows:
							2021	2020
Incoming resources	from	activities						36,538
Direct costs							1,094	28,170
Net income							(1,094)	8,368
General fund resources expended
					Direct	Support	Total	Total
					costs	costs	2021	2020
					F
Cost ofgenerating	funds:
Members' activities					1,094	5,255	6,349	44,147
Charitable activities:
Journal					8,179		8,179	7,537
Newsletter					2,354		2,354	2,122
New Society leaflet								134
Grants					8,750		8,750	1,825
Governance costs:
Independent examination		fee, etc			1,335		1,335	1,425
Total resources expended					21,712	5,255	26,967	57,190
Support costs comprise:
Room and meeting	expenses							2,402
Postage, stationery	and storage						1,317	1,395
IT and website, including		upgrading		to date			2,473	9,960
Bank and similar transaction			charges				719	1,407
Other costs							746	813
							5,255	15,977

During the		year	the Compa	ny invested f17,500for the Research	Fund.
					Market	Historic
					value	cost
					f	f
COIF Charities			Investment	Fund Income units	31,889	26,250
COIF Charities			Global Equity Income Fund Income units		35,640	26,250
					67,529	52,500
Research	Fund		element		18,155	17,500
Debtors
					2021	2020
					f	f
Income tax		recoverable			3,000	13,616
Outstanding		subscriptions			735	1,362
Payments	in advance				439	439
Other					124	277
					4,298	15,694
Deferred income and accruals
					2021	2020
Deferred income					2,433	2,813
Accruals					8,991	6,063
					11,424	10,876