REGISTERED COMPANY NUMBER: 06764919 (England and Wales)
REGISTERED CHARITY NUMBER: 1145436
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
Duncan & Toplis Limited
15 Chequergate
Louth
Lincolnshire
LN11 0LJ
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Statement of Financial Position |
5 to 6 |
Notes to the Financial Statements |
7 to 16 |
Detailed Statement of Financial Activities |
17 to 18 |
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2020.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
ThekeyobjectivesoftheLouthNaturalists',AntiquarianandLiterarySocietyLimited,henceforthreferredtoas the
Society,aretherunninganddeliveryof a lectureprogramme,andeventsandthedeliveryrunningof Louth Museum
for the benefitof the local communityand visitorsto the area. The Trustees confirmthat they have compliedwith the
dutyinsection4ofthe2006Acttohavedueregardtoguidanceonpublicbenefitpublishedbythe Charity
Commission.
Significant activities, achievements and performance
Thetrusteeshave,incarryingoutthisreview,consideredtheCharityCommission'sgeneralguidanceon public
benefit.
During2020thesocietyhasmaintaineditsmembershipwitharound100members..Theprovisionoflectures and
outings that the society usually delivers to the members was restricted during 2020 by COVID19.
ThemuseumisusuallyopentothemembersandpublicfromApriltoOctoberandusuallydeliversaseries of
successful exhibitions. The opening of the museum was affected during 2020 by COVID19 restrictions.
Volunteerscontinuetoprovidevaluablesupporttothemuseumandtherunningof.Theyareactiveinfund raising
activities that included a successful Crowd Funding appeal during 2020.
Asdisclosedinthepreviousyear'sTrusteesReportthesocietyownsTheMansionHouseandNumber14 Upgate,
Louth.These propertieshave been significantlyrenovatedby the tenantin the past few years and it is hopedwill be a
valuable asset to the society in the future.
Public benefit
The charity meets the definition of a public benefit entity.
Thecharityhascompliedwiththedutyinsection17(5)oftheCharitesAct2011tohavedueregardtothe public
benefit guidance published by the Charity Commission.
FINANCIAL REVIEW
Reserves policy
Therunningandopeningofthemuseumcontinuestoberelativelyexpensiveandchallengingonalimited income,
althoughattheyearendthesocietyhasaheathybankbalanceof£86,810.TheSocietyhasreserves totalling
£644,216of which £521,866were restrictedfixed assetfunds.The trusteesconsiderthat the level of free reserves at
at the 31 December 2020 amountingto £122,350representsadequateworkingcapitalto enable the maintenance and
opening of the museum for the next 12 months..
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Page 1
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
ThecharityisgovernedbyitsMemorandumandArticlesofassociation,asapprovedbytheCharityCommission. All
aspectsoftheSocietyaresuccessfullydeliveredbythetrusteesandvolunteers.Themuseumcontinuestoto work
withthe EastMidlandsMuseumDevelopmentServiceto ensurethatappropriatestandardsare met. The board meet
onaregularbasisandhavearobustfinancialmanagementprocessinplace,jobdescriptionsandpolicy documents
have been reviewed.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06764919 (England and Wales)
Registered Charity number
1145436
Registered office
4 Broadbank
Louth
Lincolnshire
LN11 0EQ
Trustees
C L Birchmore Director
N B Christmas Director
A J Cooper Builder
F D Howard Director
Mrs S Lewis Director (resigned 12.11.20)
R W Moulds Retired Headmaster
Mrs A J Muchall Bookeeper
S M Sizor Retired (resigned 12.11.20)
Independent Examiner
Duncan & Toplis Limited
15 Chequergate
Louth
Lincolnshire
LN11 0LJ
Approved by order of the board of trustees on 29 July 2021 and signed on its behalf by:
N B Christmas - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOCIETY LIMITED
Independent examiner's report to the trustees of Louth Naturalists', Antiquarian and Literary Society Limited ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2020.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw) youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Actandareeligibleforindependentexamination,I reportinrespectof my examinationof yourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Rachel Barrett
FCCA
Duncan & Toplis Limited
15 Chequergate
Louth
Lincolnshire
LN11 0LJ
Date: .............................................
Page 3
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
24,279
Other trading activities
3
1,964
Investment income
4
844
Other income
5
3,546
Total
30,633
EXPENDITURE ON
Raising funds
6
1,280
Charitable activities
7
Cost of Charitable Activities
21,077
Finance charges
60
Goverance
2,400
Total
24,817
NET INCOME/(EXPENDITURE)
5,816
RECONCILIATION OF FUNDS
Total funds brought forward
116,534
TOTAL FUNDS CARRIED FORWARD
122,350 |
Restricted
funds
£
-
-
-
-
-
-
14,272
-
-
14,272
(14,272)
536,138
521,866 |
2020
Total
funds
£
24,279
1,964
844
3,546
30,633
1,280
35,349
60
2,400
39,089
(8,456)
652,672
644,216 |
2019
Total
funds
£
8,070
9,090
921
6,780 |
|
|
|
24,861
2,355
35,807
70
2,377 |
|
|
|
40,609 |
|
|
|
(15,748)
668,420 |
|
|
|
652,672 |
The notes form part of these financial statements
Page 4
LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOCIETY LIMITED
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020
Notes
FIXED ASSETS
Tangible assets
12
Heritage assets
13
Investments
14
CURRENT ASSETS
Stocks
15
Debtors
16
Cash at bank
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
-
-
27,387
27,387
5,974
18,368
73,158
97,500
(2,537)
94,963
122,350
122,350 |
Restricted
funds
£
416,692
91,522
-
508,214
-
-
13,652
13,652
-
13,652
521,866
521,866 |
2020
Total
funds
£
416,692
91,522
27,387
535,601
5,974
18,368
86,810
111,152
(2,537)
108,615
644,216
644,216
122,350
521,866
644,216 |
2019
Total
funds
£
430,966
91,522
25,741 |
|
|
|
|
548,229
6,422
10,186
91,359 |
|
|
|
|
107,967
(3,524) |
|
|
|
|
104,443 |
|
|
|
|
652,672 |
|
|
|
|
652,672 |
|
|
|
|
116,534
536,138 |
|
|
|
|
652,672 |
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2020.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
STATEMENT OF FINANCIAL POSITION - continued 31 DECEMBER 2020
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardof Trusteesandauthorisedforissueon29 July2021and were
signed on its behalf by:
N B Christmas - Trustee
The notes form part of these financial statements
Page 6
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with
theexceptionofinvestmentswhichareincludedatmarketvalue,asmodifiedbytherevaluationof certain
assets.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparing these
financialstatements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
-
the requirements of Section 7 Statement of Cash Flows;
-
the requirement of paragraph 3.17(d);
-
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
GrantincomeanddonationsarerecognisedintheStatementofFinancialActivitiesoncethecharity has
entitlementtothefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably. Unspent grants and donations are shown on the balance sheet as unrestricted funds.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Donations and legacies
Donationsarerecognisedwhenthecharityhasbeennotifiedinwritingofboththeamountand settlement
date.In the event thatthe donationis subjectto conditionsthatrequirea level of performanceby the charity
beforethecharityisentitledtothefunds,theincomeisdeferredandnotrecogniseduntileither these
conditionsare fullymet, or the fulfilmentof thoseconditionsis whollywithinthe controlof the charityand it
is probable that these conditions will be fulfilled in the reporting period.
Legacygiftsarerecognisedonacasebycasebasisfollowingthegrantofprobatewhen the
administor/executorfor the estatehas communicatedin writingboththe amountandthe settlementdate. In
theeventthatthegiftisintheformofanassetotherthancashorafinancialtradingassettradedon a
recognisedstockexchange,recognitionissubjecttothevalueofthegiftbeingreliablymeasurablewith a
degree of reasonable accuracy and the title of the asset having been transferred to the charity.
Governance costs
Governancecostsrepresentcoststhataredirectlyattributabletothemanagementofthecharity's assets,
organisational, administration and compliance with constitutional and statutory requirements.
continued...
Page 7
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
Freehold property |
- not provided |
Display cabinets and confents |
- 2% on cost |
Fixture, fittings and equipment |
- 2% on cost |
Computer equipment |
- 15% on cost |
Heritage assets
Heritage assets are initially valued at cost and are not depreciated.
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.
Taxation
The charityis exempt from corporationtax on its charitableactivities.Thecharityis not registeredfor VAT and
tcostsre all ciosts include VAT where applicable.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
The financialstatementshave been preparedon a goingconcernbasisas the trusteesbelievethatno material
uncertaintiesexist.The trusteeshaveconsideredthelevelof thefundsheldandtheexpectedlevelof income
andexpenditureforthe12monthsfromauthorisingthesefinancialstatements.Thereisasufficientlevel of
reserves for the charity to be able to continue as a going concern.
2. DONATIONS AND LEGACIES
Donations
Grants
Subscriptions
Grants received, included in the above, are as follows:
Other grants |
2020
£
7,655
14,780
1,844
24,279
2020
£
14,780 |
2019
£
5,275
1,017
1,778 |
|
|
8,070 |
|
|
2019
£
1,017 |
continued...
Page 8
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
3.
OTHER TRADING ACTIVITIES
Local Fundraising
Museum admissions
Lectures and similar events
Shop and publication sales
Visits
4.
INVESTMENT INCOME
Income from investments
5.
OTHER INCOME
Rental income
Unrealised investment gains
6.
RAISING FUNDS
Other trading activities
Purchases
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 8)
£
Cost of Charitable Activities
35,349
Finance charges
-
Goverance
-
35,349 |
2020
£
465
845
-
654
-
1,964
2020
£
844
2020
£
1,900
1,646
3,546
2020
£
1,280
Support
costs
£
-
60
2,400
2,460 |
2019
£
327
4,141
975
2,838
809
9,090
2019
£
921
2019
£
2,875
3,905
6,780
2019
£
2,355
Totals
£
35,349
60
2,400 |
|
|
37,809 |
continued...
Page 9
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. DIRECT COSTS OF CHARITABLE ACTIVITIES
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Repairs and renewals
Subscriptions
Computer software and maintenance
Depreciation
9.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
2020
£
315
5,772
2,342
1,221
326
205
798
3,560
232
6,306
14,272
35,349
2020
£
14,274 |
2019
£
1,372
6,025
2,839
1,317
699
301
1,611
6,331
276
764
14,272 |
|
|
35,807 |
|
|
2019
£
14,272 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2020 nor for the year
ended 31 December 2019.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2020norfortheyear ended
31 December 2019.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
8,070
Other trading activities
9,090
Investment income
921
Other income
6,780
Total
24,861
EXPENDITURE ON
Raising funds
2,355 |
Restricted
funds
£
-
-
-
-
-
- |
Total
funds
£
8,070
9,090
921
6,780 |
|
|
24,861
2,355 |
continued...
Page 10
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Charitable activities
Cost of Charitable Activities
21,535
Finance charges
70
Goverance
2,377
Total
26,337
NET INCOME/(EXPENDITURE)
(1,476)
Transfers between funds
341
Net movement in funds
(1,135)
RECONCILIATION OF FUNDS
Total funds brought forward
117,669
TOTAL FUNDS CARRIED FORWARD
116,534
12.
TANGIBLE FIXED ASSETS
Display
Fixture,
cabinets
fittings
Freehold
and
and
property
confents
equipment
£
£
£
COST
At 1 January 2020 and
31 December 2020
275,000
151,018
196,282
DEPRECIATION
At 1 January 2020
-
84,527
108,268
Charge for year
-
6,111
7,852
At 31 December 2020
-
90,638
116,120
NET BOOK VALUE
At 31 December 2020
275,000
60,380
80,162
At 31 December 2019
275,000
66,491
88,014 |
Restricted
funds
£
14,272
-
-
14,272
(14,272)
(341)
(14,613)
550,751
536,138
Computer
equipment
£
17,113
15,652
311
15,963
1,150
1,461 |
Total
funds
£
35,807
70
2,377
40,609
(15,748)
-
(15,748)
668,420
652,672
Totals
£
639,413
208,447
14,274
222,721
416,692
430,966 |
Total
funds
£
35,807
70
2,377 |
|
|
|
40,609 |
|
|
|
(15,748)
- |
|
|
|
(15,748)
668,420 |
|
|
|
652,672 |
continued...
Page 11
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13.
HERITAGE ASSETS
MARKET VALUE
At 1 January 2020 and 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2020
Revaluations
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
There were no investment assets outside the UK.
15.
STOCKS
Stocks
16.
DEBTORS
Amounts falling due within one year:
Trade debtors
Accrued income
Prepayments |
|
Total
£
91,522
91,522
91,522
Listed
investments
£
25,741
1,646
27,387
27,387
25,741
2020
2019
£
£
5,974
6,422
2020
2019
£
£
1,900
-
3,838
3,700
2,980
3,016
8,718
6,716 |
|
|
|
continued...
Page 12
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
16.
DEBTORS - continued
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
18.
MOVEMENT IN FUNDS
Unrestricted funds
Unrestricted general fund
Artefact legacy
Restricted funds
Restricted General fund
Restricted Fixed Asset Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Unrestricted general fund
Restricted funds
Restricted Fixed Asset Fund
TOTAL FUNDS |
At 1.1.20
£
104,534
12,000
116,534
13,650
522,488
536,138
652,672
Incoming
resources
£
30,633
-
30,633 |
2020
2019
£
£
9,650
3,470
18,368
10,186
2020
2019
£
£
2,537
3,524
Net
movement
At
in funds
31.12.20
£
£
5,816
110,350
-
12,000
5,816
122,350
-
13,650
(14,272)
508,216
(14,272)
521,866
(8,456)
644,216
Resources
Movement
expended
in funds
£
£
(24,817)
5,816
(14,272)
(14,272)
(39,089)
(8,456) |
|
|
|
continued...
Page 13
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
Unrestricted general fund
Artefact legacy
Projects
Restricted funds
Restricted General fund
East Midlands Museum Development
Fund
Restricted Fixed Asset Fund
TOTAL FUNDS |
At 1.1.19
£
68,511
12,000
37,158
117,669
13,650
341
536,760
550,751
668,420 |
Net
movement
in funds
£
(1,476)
-
-
(1,476)
-
-
(14,272)
(14,272)
(15,748) |
Transfers
between
funds
£
37,499
-
(37,158)
341
-
(341)
-
(341)
- |
At
31.12.19
£
104,534
12,000
- |
|
|
|
|
116,534
13,650
-
522,488 |
|
|
|
|
536,138 |
|
|
|
|
652,672 |
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
Unrestricted general fund |
24,861 |
(26,337) |
(1,476) |
Restricted funds |
|
|
|
Restricted Fixed Asset Fund |
- |
(14,272) |
(14,272) |
TOTAL FUNDS |
24,861 |
(40,609) |
(15,748) |
continued...
Page 14
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
Unrestricted general fund
Artefact legacy
Projects
Restricted funds
Restricted General fund
East Midlands Museum Development
Fund
Restricted Fixed Asset Fund
TOTAL FUNDS |
At 1.1.19
£
68,511
12,000
37,158
117,669
13,650
341
536,760
550,751
668,420 |
Net
movement
in funds
£
4,340
-
-
4,340
-
-
(28,544)
(28,544)
(24,204) |
Transfers
between
funds
£
37,499
-
(37,158)
341
-
(341)
-
(341)
- |
At
31.12.20
£
110,350
12,000
- |
|
|
|
|
122,350
13,650
-
508,216 |
|
|
|
|
521,866 |
|
|
|
|
644,216 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
Unrestricted general fund |
55,494 |
(51,154) |
4,340 |
Restricted funds |
|
|
|
Restricted Fixed Asset Fund |
- |
(28,544) |
(28,544) |
TOTAL FUNDS |
55,494 |
(79,698) |
(24,204) |
continued...
Page 15
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
20. ULTIMATE CONTROLLING PARTY
The charity is controlled by the trustees who are all directors of the company.
21. CONSTITUTION
The company is limited by guarantee and does not have any share capital.
Page 16
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020 |
|
|
|
2020 |
2019 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
7,655 |
5,275 |
Grants |
14,780 |
1,017 |
Subscriptions |
1,844 |
1,778 |
|
24,279 |
8,070 |
Other trading activities |
|
|
Local Fundraising |
465 |
327 |
Museum admissions |
845 |
4,141 |
Lectures and similar events |
- |
975 |
Shop and publication sales |
654 |
2,838 |
Visits |
- |
809 |
|
1,964 |
9,090 |
Investment income |
|
|
Income from investments |
844 |
921 |
Other income |
|
|
Rental income |
1,900 |
2,875 |
Unrealised investment gains |
1,646 |
3,905 |
|
3,546 |
6,780 |
Total incoming resources |
30,633 |
24,861 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Shop purchases and publications |
1,120 |
729 |
Speaker fees and lecture costs |
160 |
1,626 |
|
1,280 |
2,355 |
Charitable activities |
|
|
Rates and water |
315 |
1,372 |
Insurance |
5,772 |
6,025 |
Light and heat |
2,342 |
2,839 |
Telephone |
1,221 |
1,317 |
Postage and stationery |
326 |
699 |
Advertising |
205 |
301 |
Sundries |
798 |
1,611 |
Carried forward |
10,979 |
14,164 |
This page does not form part of the statutory financial statements
Page 17
LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOCIETY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020 |
|
|
|
2020 |
2019 |
|
£ |
£ |
Charitable activities |
|
|
Brought forward |
10,979 |
14,164 |
Repairs and renewals |
3,560 |
6,331 |
Subscriptions |
232 |
276 |
Computer software and maintenance |
6,306 |
764 |
Depn of display cabinets etc |
6,110 |
6,110 |
Depn of Fixture and fittings |
7,851 |
7,851 |
Depn of computer equipment |
311 |
311 |
|
35,349 |
35,807 |
Support costs |
|
|
Finance |
|
|
Bank charges |
60 |
70 |
Governance costs |
|
|
Accountancy fees |
2,400 |
2,377 |
Total resources expended |
39,089 |
40,609 |
Net expenditure |
(8,456) |
(15,748) |
This page does not form part of the statutory financial statements
Page 18