```
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
```