**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 2021**
## **FOR**
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
Duncan & Toplis Limited 15 Chequergate Louth Lincolnshire LN11 0LJ
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Statement of Financial Position**||5||
|**Notes to the Financial Statements**|6|to|13|
|**Detailed Statement of Financial Activities**|14|to|15|
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and activities**
The key objectives of the Louth Naturalists', Antiquarian and Literary Society Limited, henceforth referred to as the Society, are the running and delivery of a lecture programme, and events and the delivery running of Louth Museum for the benefit of the local community and visitors to the area. The Trustees confirm that they have complied with the duty in section 4 of the 2006 Act to have due regard to guidance on public benefit published by the Charity Commission.
## **Significant activities, achievements and performance**
The trustees have, in carrying out this review, considered the Charity Commission's general guidance on public benefit.
During 2021 the society has maintained its membership with around 90 members.The provision of lectures and outings that the society usually delivers to the members was restricted during 2021 by COVID19.
The museum is usually open to the members and public from April to October and usually delivers a series of successful exhibitions. The opening of the museum was affected during 2021 by COVID19 restrictions.
Volunteers continue to provide valuable support to the museum and the running of. They are active in fund raising activities.
The society owns two properties in Louth being The Mansion House and Number 14 Upgate currently being rented out in order to generate income and to maintain the properties.
## **Public benefit**
The charity meets the definition of a public benefit entity.
The charity has complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## **FINANCIAL REVIEW**
## **Reserves policy**
The running and opening of the museum continues to be relatively expensive and challenging on a limited income, although at the year end the society has a heathy bank balance of £92,981. The Society has reserves totalling £647,860 of which £514,027 were restricted fixed asset funds. The trustees consider that the level of free reserves at at the 31 December 2021 amounting to £133,833 represents adequate working capital to enable the maintenance and opening of the museum for the next 12 months.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is governed by its Memorandum and Articles of association, as approved by the Charity Commission. All aspects of the Society are successfully delivered by the trustees and volunteers. The museum continues to to work with the East Midlands Museum Development Service to ensure that appropriate standards are met. The board meet on a regular basis and have a robust financial management process in place, job descriptions and policy 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
Page 1
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Trustees**
C L Birchmore Director N B Christmas Director A J Cooper Builder F D Howard Director R W Moulds Retired Headmaster Mrs A J Muchall Bookeeper
## **Independent Examiner**
Duncan & Toplis Limited 15 Chequergate Louth Lincolnshire LN11 0LJ
Approved by order of the board of trustees on 31 March 2022 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 SOC LTD**
## **Independent examiner's report to the trustees of Louth Naturalists', Antiquarian and Literary Soc Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with 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)).
I have no concerns and have come across no other matters in connection with the examination to which 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 SOC LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
20,703
Other trading activities
3
7,303
Investment income
4
807
Other income
5
12,485
**Total**
41,298
**EXPENDITURE ON**
Raising funds
6
3,058
**Charitable activities**
7
Cost of Charitable Activities
22,434
Finance charges
150
Goverance
4,173
**Total**
29,815
**NET INCOME/(EXPENDITURE)**
11,483
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
122,350
**TOTAL FUNDS CARRIED FORWARD**
133,833|Restricted
funds
£
-
-
-
-
-
-
7,839
-
-
7,839
(7,839)
521,866
514,027|2021
Total
funds
£
20,703
7,303
807
12,485
41,298
3,058
30,273
150
4,173
37,654
3,644
644,216
647,860|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|
The notes form part of these financial statements
Page 4
## **LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021**
|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
£
-
-
31,272
31,272
4,926
20,735
79,330
104,991
(2,430)
102,561
133,833
133,833|Restricted
funds
£
408,854
91,522
-
500,376
-
-
13,651
13,651
-
13,651
514,027
514,027|2021
Total
funds
£
408,854
91,522
31,272
531,648
4,926
20,735
92,981
118,642
(2,430)
116,212
647,860
647,860
133,833
514,027
647,860|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|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 March 2022 and were signed on its behalf by:
N B Christmas - Trustee
The notes form part of these financial statements
Page 5
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK 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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Grant income and donations are recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Unspent grants and donations are shown on the balance sheet as unrestricted funds.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Donations and legacies**
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that the donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either these conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the administor/executor for the estate has communicated in writing both the amount and the settlement date. In the event that the gift is in the form of an asset other than cash or a financial trading asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having been transferred to the charity.
## **Governance costs**
Governance costs represent costs that are directly attributable to the management of the charity's assets, organisational, administration and compliance with constitutional and statutory requirements.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to 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.
continued...
Page 6
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.The charity is not registered for 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of the funds held and the expected level of income and expenditure for the 12 months from authorising these financial statements. There is a sufficient level of reserves for the charity to be able to continue as a going concern.
## **2. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
|Donations
Grants
Subscriptions|2021
£
1,929
17,089
1,685
20,703|2020
£
7,655
14,780
1,844|
|||24,279|
Grants received, included in the above, are as follows:
|Other grants
**OTHER TRADING ACTIVITIES**
Local Fundraising
Museum admissions
Shop and publication sales
Visits|2021
£
17,089
2021
£
760
3,994
1,918
631
7,303|2020
£
14,780|2020
£
14,780|
|---|---|---|---|
|||2020
£
465
845
654
-
1,964||
||||1,964|
## **3. OTHER TRADING ACTIVITIES**
continued...
Page 7
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
|**4.**
**INVESTMENT INCOME**
2021
£
Income from investments
807
**5.**
**OTHER INCOME**
2021
£
Rental income
8,600
Unrealised investment gains
3,885
12,485
**6.**
**RAISING FUNDS**
**Other trading activities**
2021
£
Purchases
3,058
**7.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs (see
Support
note 8)
costs
£
£
Cost of Charitable Activities
30,273
-
Finance charges
-
150
Goverance
-
4,173
30,273
4,323
**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
2021
£
Rates and water
369
Insurance
5,936
Light and heat
3,115
Telephone
630
Postage and stationery
1,613
Advertising
-
Sundries
708
Repairs and renewals
7,712
Subscriptions
82
Computer software and maintenance
2,269
Depreciation
7,839
30,273|2020
£
844
2020
£
1,900
1,646|
|---|---|
||3,546|
||2020
£
1,280
Totals
£
30,273
150
4,173|
||34,596|
||2020
£
315
5,772
2,342
1,221
326
205
798
3,560
232
6,306
14,272|
||35,349|
continued...
Page 8
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2021|2020|
|---|---|---|
||£|£|
|Depreciation - owned assets|7,838|14,274|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
24,279
Other trading activities
1,964
Investment income
844
Other income
3,546
**Total**
30,633
**EXPENDITURE ON**
Raising funds
1,280
**Charitable activities**
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|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|
continued...
Page 9
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **12. TANGIBLE FIXED ASSETS**
|**12.**|**TANGIBLE FIXED ASSETS**|||||||
|---|---|---|---|---|---|---|---|
|||||Display|Fixture,|||
|||||cabinets|fittings|||
|||Freehold||and|and|Computer||
|||property||confents|equipment|equipment|Totals|
|||£||£|£|£|£|
||**COST**|||||||
||At 1 January 2021 and|||||||
||31 December 2021|275,000||151,018|196,282|17,113|639,413|
||**DEPRECIATION**|||||||
||At 1 January 2021||-|90,638|116,120|15,963|222,721|
||Charge for year||-|3,602|3,925|311|7,838|
||At 31 December 2021||-|94,240|120,045|16,274|230,559|
||**NET BOOK VALUE**|||||||
||At 31 December 2021|275,000||56,778|76,237|839|408,854|
||At 31 December 2020|275,000||60,380|80,162|1,150|416,692|
|**13.**|**HERITAGE ASSETS**|||||||
||||||||Total|
||||||||£|
||**MARKET VALUE**|||||||
||At 1 January 2021 and 31 December|2021|||||91,522|
||**NET BOOK VALUE**|||||||
||At 31 December 2021||||||91,522|
||At 31 December 2020||||||91,522|
|**14.**|**FIXED ASSET INVESTMENTS**|||||||
||||||||Listed|
||||||||investments|
||||||||£|
||**MARKET VALUE**|||||||
||At 1 January 2021||||||27,387|
||Revaluations||||||3,885|
||At 31 December 2021||||||31,272|
||**NET BOOK VALUE**|||||||
||At 31 December 2021||||||31,272|
||At 31 December 2020||||||27,387|
||There were no investment assets outside the||UK.|||||
||Cost or valuation at 31 December 2021 is represented by:|||||||
||||||||Listed|
||||||||investments|
||||||||£|
||Valuation in 2021||||||31,272|
continued...
Page 10
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
|**15.**
**STOCKS**
Stocks
**16.**
**DEBTORS**
Amounts falling due within one year:
Trade debtors
Accrued income
Prepayments
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**|2021
2020
£
£
4,926
5,974
2021
2020
£
£
-
1,900
14,100
3,838
3,165
2,980
17,265
8,718
3,470
9,650
20,735
18,368
2021
2020
£
£
2,430
2,537
Net
movement
At
At 1.1.21
in funds
31.12.21
£
£
£
110,350
11,483
121,833
12,000
-
12,000
122,350
11,483
133,833
13,650
-
13,650
508,216
(7,839)
500,377
521,866
(7,839)
514,027
644,216
3,644
647,860
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
41,298
(29,815)
11,483
-
(7,839)
(7,839)
41,298
(37,654)
3,644|
|---|---|
continued...
Page 11
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **18. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
Unrestricted general fund
Artefact legacy
**Restricted funds**
Restricted General fund
Restricted Fixed Asset Fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
Unrestricted general fund
**Restricted funds**
Restricted Fixed Asset Fund
**TOTAL FUNDS**
A current year 12 months and prior year 12 months combined position is as
**Unrestricted funds**
Unrestricted general fund
Artefact legacy
**Restricted funds**
Restricted General fund
Restricted Fixed Asset Fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.20
in funds
31.12.20
£
£
£
104,534
5,816
110,350
12,000
-
12,000
116,534
5,816
122,350
13,650
-
13,650
522,488
(14,272)
508,216
536,138
(14,272)
521,866
652,672
(8,456)
644,216
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
30,633
(24,817)
5,816
-
(14,272)
(14,272)
30,633
(39,089)
(8,456)
follows:
Net
movement
At
At 1.1.20
in funds
31.12.21
£
£
£
104,534
17,299
121,833
12,000
-
12,000
116,534
17,299
133,833
13,650
-
13,650
522,488
(22,111)
500,377
536,138
(22,111)
514,027
652,672
(4,812)
647,860|
|---|---|
continued...
Page 12
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **18. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|Unrestricted general fund|71,931|(54,632)|17,299|
|**Restricted funds**||||
|Restricted Fixed Asset Fund|-|(22,111)|(22,111)|
|**TOTAL FUNDS**|71,931|(76,743)|(4,812)|
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
## **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 13
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 DECEMBER 2021**|||
|---|---|---|
||2021|2020|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|1,929|7,655|
|Grants|17,089|14,780|
|Subscriptions|1,685|1,844|
||20,703|24,279|
|**Other trading activities**|||
|Local Fundraising|760|465|
|Museum admissions|3,994|845|
|Shop and publication sales|1,918|654|
|Visits|631|-|
||7,303|1,964|
|**Investment income**|||
|Income from investments|807|844|
|**Other income**|||
|Rental income|8,600|1,900|
|Unrealised investment gains|3,885|1,646|
||12,485|3,546|
|**Total incoming resources**|41,298|30,633|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Shop purchases and publications|1,582|1,120|
|Speaker fees and lecture costs|1,476|160|
||3,058|1,280|
|**Charitable activities**|||
|Rates and water|369|315|
|Insurance|5,936|5,772|
|Light and heat|3,115|2,342|
|Telephone|630|1,221|
|Postage and stationery|1,613|326|
|Advertising|-|205|
|Sundries|708|798|
|Repairs and renewals|7,712|3,560|
|Subscriptions|82|232|
|Computer software and maintenance|2,269|6,306|
|Depn of display cabinets etc|3,602|6,110|
|Depn of Fixture and fittings|3,926|7,851|
|Depn of computer equipment|311|311|
||30,273|35,349|
## **Support costs**
This page does not form part of the statutory financial statements
Page 14
**LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOC LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 DECEMBER 2021**|||
|---|---|---|
||2021|2020|
||£|£|
|**Support costs**|||
|**Finance**|||
|Bank charges|150|60|
|**Governance costs**|||
|Accountancy fees|2,370|2,400|
|Legal fees|1,803|-|
||4,173|2,400|
|Total resources expended|37,654|39,089|
|**Net income/(expenditure)**|3,644|(8,456)|
This page does not form part of the statutory financial statements
Page 15