| Notes | General | Endow'mt | Research | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|---|---|
| Fund | Fund | Fund | 2022 | 2021 | ||||
| F | ||||||||
| INCOME FROM | ||||||||
| from generated funds |
||||||||
| Members' activities |
4,943 | 4,943 | ||||||
| Sale of publications | 1,884 | 1,884 | 376 | |||||
| Investment income |
||||||||
| Dividends | 1,837 | 1,066 | 2,903 | 1,649 | ||||
| Bank interest | 14 | 5 | 21 | 85 | ||||
| 6,794 | 2,955 | 9,751 | 2,110 | |||||
| from charitable activities |
||||||||
| Subscriptions - full members |
21,195 | 21,195 | 21,686 | |||||
| Journal subscriptions | &sales | 4,072 | 4,072 | 3,213 | ||||
| 25,267 | 25,267 | 24,899 | ||||||
| Income tax recoverable | 3,062 | 3,062 | 3,893 | |||||
| Donations | 174 | 174 | 35,316 | |||||
| 28,503 | 28,503 | 64,108 | ||||||
| TOTAL INCOME | 35,297 | 2,955 | 38,254 | 66,218 | ||||
| EXPENDITURE ON | ||||||||
| Cost ofgenerating funds |
||||||||
| Members' activities |
10,708 | 10,708 | 6,349 | |||||
| Charitable activities |
||||||||
| Journal | 10,225 | 10,225 | 8,179 | |||||
| Newsletters & leaflet |
2,009 | 2,009 | 2,354 | |||||
| Grants | 500 | 2,500 | 3,000 | 10,250 | ||||
| 12,734 | 2,500 | 15,234 | 20,783 | |||||
| Governance costs |
1,510 | 1,510 | 1,335 | |||||
| TOTAL EXPENDITURE | 24,952 | 2,500 | 27,452 | 28,467 | ||||
| NET INCOME/(EXPENDITURE) | AND | NET | ||||||
| MOVEMENT IN FUNDS FOR THE YEAR |
10,345 | 455 | 10,802 | 37,751 | ||||
| Gains on investment assets |
5,618 | 3,312 | 8,930 | 10,834 | ||||
| Total funds brought forward |
117,507 | 8,076 | 62,738 | 188,321 | 139,736 | |||
| TOTAL FUNDS AT 31 MARCH | 2022 | 133,470 | 8,078 | 66,505 | 208,053 | 188,321 |
| Notes | General | Endow'mt | Research | TOTAL | TOTAL | |
|---|---|---|---|---|---|---|
| Fund | Fund | Fund | 2022 | 2021 | ||
| E | F | E | ||||
| TANGIBLE FIXEDASSETS | ||||||
| Chairman's Cup |
6 | 7,920 | 7,920 | 7,920 | ||
| Investments | 7 | 74,992 | 46,467 | 121,459 | 67,529 | |
| 82,912 | 46,467 | 129,379 | 75,449 | |||
| CURRENT ASSETS | ||||||
| Debtors and prepayments | 8 | 3,932 | 3,932 | 4,298 | ||
| Bank balances | 60,704 | 8,078 | 24,038 | 92,820 | 119,998 | |
| 64,636 | 8,078 | 24,038 | 96,752 | 124,296 | ||
| CURRENT LIABILITIES | ||||||
| Deferred income and accruals | 9 | 14,078 | 4,000 | 18,078 | 11,424 | |
| NET CURRENT ASSETS | 50,558 | 8,078 | 20,038 | 78,674 | 112,872 | |
| TOTAL NET ASSETS | 133,470 | 8,078 | 66,505 | 208,053 | 188,321 | |
| RESERVES/FUNDS | 10 | 133,470 | 8,078 | 66,505 | 208,053 | 188,321 |
| Members' activities |
Members' activities |
|||||||
|---|---|---|---|---|---|---|---|---|
| During the year members | of | the Society undertook | various visits abroad and | in the UK and | ||||
| ran a silver course | and an overall surplus arose as follows: | |||||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Incoming resources |
from | activities | 4,943 | |||||
| Direct costs | 2,072 | 1,094 | ||||||
| Net income | 2,871 | (1,094) | ||||||
| General fund resources expended |
||||||||
| Direct | Support | Total | Total | |||||
| costs | costs | 2022 | 2021 | |||||
| f | f | f | f | |||||
| Cost of generating | funds: | |||||||
| Members' activities |
2,072 | 8,636 | 10„708 | 6,349 | ||||
| Charitable activities: |
||||||||
| Journal | 10,225 | 10,225 | 8,179 | |||||
| Newsletter | 2,009 | 2,009 | 2,354 | |||||
| Grants | 500 | 500 | 8,750 | |||||
| Governance costs: |
||||||||
| Independent examination |
fee, etc | 1,510 | 1,510 | 1,335 | ||||
| Total resources expended | 16,316 | 8,636 | 24,952 | 26,967 | ||||
| Support costs comprise: | ||||||||
| Room and meeting | expenses | 3,287 | ||||||
| Postage, stationery | and storage | 846 | 1,317 | |||||
| IT and website, including |
upgrading | to date | 2,532 | 2,473 | ||||
| Bank and similar transaction | charges | 1,089 | 719 | |||||
| Other costs | 882 | 746 | ||||||
| 8,636 | 5,255 | |||||||
| Costs relating to a |
particular | activity | are allocated | directly whilst | support costs | are | ||
| apportioned on an |
appropriate | basis. |
| (2021:f1 | 7 | ,500 | Research | Fund only). | ||
|---|---|---|---|---|---|---|
| Market | Historic | |||||
| value | cost | |||||
| f | f | |||||
| COIF Charities | Investment | Fund Income units | 58,732 | 48,750 | ||
| COIF Charities | Global Equity Income Fund Income units | 62,727 | 48,750 | |||
| 121,459 | 97,500 | |||||
| Research | Fund | element | 46,467 | 42,500 | ||
| Debtors | ||||||
| 2022 | 2021 | |||||
| f | ||||||
| Income tax recoverable | 3,019 | 3,000 | ||||
| Outstanding | subscriptions | 375 | 735 | |||
| Payments | in advance | 439 | 439 | |||
| Other | 99 | 124 | ||||
| 3,932 | 4,298 | |||||
| Deferred | income and accruals | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| Deferred | income | 7,568 | 2,433 | |||
| Accruals | 10,510 | 8,991 | ||||
| 18,078 | 11,424 |