2022-12-31-accounts - Louth Naturalists', Antiquarian And Literary Society

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		Page
Report ofthe Trustees	1	to	2
independent Examiner's Report
Statement ofFinanciai Activities
Statement ofFinancial Position
Notes tothe Financial Statements	6	to	13
Detailed Statement of Financial Activities	14	to	15

FOR THE YEAR ENDE	D 31DEC	EMBER 2022
						2022	2021
				Unrestricted	Restrictea	Total	Total
				funds	funds	funds	funds
			Notes	f	f	f	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies				7,763	2,944	10,707	20,703
Other trading act:v!ties				6,967		6,967	7,303
Investment income				1,029		1,029	807
Otherincome				7,150		7,150	12,485
Total				22,909	2,944	25,853	41,298
EXPENDITURE ON
Raising funds				1,387		1,387	3,058
Charitable activities
Cost ofCharitable Activities				19,014	10,494	29,508	30,273
Finance rharges				196		196	150
Goverance				5,880		5,880	4,173
Tot'al				26,477	10,494	36,971	37,654
NET INCOI!4C/(EXPENDITURE)				(3,568)	(7,550)	(11,118)	3,644
RECONCILIATION OF FUNDS
Total funos brought	forward			133,833	514,027	647,860	644,216
TOTAL FUNDS CARRIED FORWARD				130,265	506,477	636,742	647,860

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E		E	E
FIXEDASSETS
Tangible assets	12		401,304	401,304	408,854
Heritage assets	13		91,522	91,522	91,522
Investments	14	27,635		27,635	31,272
		27,635	492,826	520,461	531,648
CURRENT ASSETS
Stocks	15	5,178		5,178	4,926
Debtors	16	10,773		10,773	20,735
Cash at bank		89,319	13,651	102,970	92,981
		105,270	13,651	118,921	118,642
CREDITORS
Amounts falling due within one year	17	(2,640)		(2,640)	(2,430)
NET CURRENT ASSETS		102,630	13,651	116,281	116,212
TOTAL ASSETS LESSCURPENT LIABILITIES		130,265	506,477	636,742	647,860
NET ASSETS		130,265	506,477	636,742	647,860
FUNDS	18
Unrestricted funds				130,265	133,833
Restricted funds				506,477	514,027
TOTAL FUNDS				636,742	647,860

Going concern	Going concern	Going concern	Going concern
The financial statements have been prepared on a going concern basis as the trustees exist. The trustees have considered the level of the funds held and the expected level months from authorising these financial statements. There is a sufficient level of continue as a going concern,				believe that no material uncertainties of income and expenditure for the 12 reserves for the charity to be able to
DONATIONS AND LEGACIES
					2022	2021
Donations					f	f
Grants					1,881	1,929
Subscriptions					6,345 2,481	17,089 1,685
					10,707	20,703
Grants received, included	in the above, are	as	follows:
					2022	2021
Other grants					f 6,345	f 17,089
OTHER TRADING ACTIVITIES
					2022	2021
Local Fundraising Museum admissions Shop and publication sales Visits					f 430 4,735 1,061	f 760 3,994 1,918
					741	631
					6,967	7,303

				2022	2021
income from investments				f	f
				1,029	807
OTHER INCOME
				2022	2021
Rental income				E	E
Unrealised investment		gains		10,786 (3,636)	8,600 3,885
				7,150	12,485
RAISING FUNDS
Other trading activities
				2022	2021
Purchases				f	f
				1,387	3,058
CHARITABLE ACTIVITIES		COSTS
			Direct
			Costs (see	Support
			note 8)	costs	Totals
Cost ofCharitabie Finance charges Goverance	Activi'ties		E 29,298	E 210 196	f 29,508 196
				5,880	5,880
			29,298	6,286	35,584
DIRECT COSTS OF	CHARITABLE ACTIVITIES
				2022	2021
Rates and water				E	E
Insurance				724	369
Light and heat				4,013	5,936
Telephone				3,469	3,115
Postage and st tionery Sundries				583 1,.670	630 1,613
Pepairs and renewals				447	708
Subscriptions				8,927	7,712
Computer software	and maintenance			392	82
Depreciation				1,523	2,269
				7,550	7,839
				29,298	30,273

								2022	2021
								f	f
Depreciation -owned assets								7,550	7,838
TRUSTEFS' REMUNERATION			AND BENEFITS
There were ro trustees' 31December 2021.		remuneration		or other	benefits	for the year ended	31 December	2022 nor for the year end
Trustees' expenses
There were no trustees'	expenses paid			for the year	ended	31December 2022 nor for the year		ended 31December 2021.
COMPARATIVES FOR THE		STATEMENT		OF FINANCIAL ACTIVITIES
						Unrestricted		Restricted	Total
							funds	funds	funds
							f	f	f
INCOME AND ENDOWMENTS			FROM
Donations and legacies							20,703		20,703
Otl.er trading activities							7,303		7,303
Investment income							807		807
Other income							12,485		12,485
Total							41,298		41,298
EXPENDITURE ON
Raising funds							3,058		3,058
Charitable activities
Cost ofCharitable Activities							22,434	7,839	30,273
Finance charges							150		150
Goverance							4,173		4,173
Total							29,815	7,839	37,654
NET INCOME/(EXPENDITURE)							11,483	(7,839)	3,644
RECONCILIATION OF FUNDS
Total funds brought forward						122,350		521,866	644,216
TOTAL FUNDS CARRIED FORWARD						133,833		514,027	647,860

				Display	Fixture,
				cabinets	fitt!ngs
		Freehold		and	and	Computer
COST		property f		confents f	equipment f	equipment f	Totals f
At 1January 2022 and
31Deceiiiber 2022		275,000		151,018	196,282	17,113	639,413
DEPRECIATION
At 1January 2022 Charge for yeai				94,240 3,313	120,045 3,926	16,274 311	230,559 7,550
At 31December 2022				97,553	123,971	16,585	238,109
NET BOOK VALUE
At 31December 2022		275,000		53,465	72;311	528	401,304
At 31December 2021		275,000		56,778	76,237	839	408,854
HERITAGE ASSETS
							Total
MA'RKET VALUE							f
At 1Janua~ 2022 and 31	December	2022					91,522
NET BOCK VALUE
Pt 31Decemb r 2022
							91,522
At 31December 2021
							91.522
FIXEDASSET INVESTMENTS
							Listed
							investment«
MARKET VALUE							f
At 1January 2022
Revaluations							31,272
							(3,637)
At 31December 2022
							27,635
NET BOOK VALUE
At 31December 2022
							27,635
At 31December 2021
							31,272
'I'here v ere no investment	asset' outside the UK,
Cost or valuation at 31December 2022 is represented			by:
							Listed
							investments
Valuatiori in 2022							f


15.	STOCKS
					2022	2021
	Stocks				f	f
					5,178	4,926
16.	DEBTORS
					2022	2021
	Amounts falling d'u within one'ye'ar:				f	f
	Accrued income
	Prepayments				7,457 3,316	14,100 3,165
					10,773	17,265
	Amounts falling due after more		than one year:
	Other debtors
						3,470
	Aggregate amounts				10,773	20,735
7.	CREDITORS: AMOUNTS	FALI.ING DUE WITHIN ONE YEAR
					2022	2021
	Arrruals and defe~"ed income				f 2,640	f 2,430
8.	MOVElVIENT IN FUNDS
					Net
					movement	At
	Unrestricted funds			At 1.1.22 f	in funds f	31.12.22 f
	Unrestricted genei al fund Artefact legacy			121,833 12,000	(3,568)	118,265 12,000
	Restricted funds			133,833	(3,568)	130,265
	Restricted General fund Restricted Fised Asset Fund			13,650 500,377	(7,~~50)	13,650 492,827
				514,027	(7,550)	506,477
	TOTAL FUNDS			647,860	(11,118)	636,742
	Net movement in funds, included		in the above are as follows
				Incoming	Resources	Movement
				resources	expended	in funds
	Unrestricted funds				f	f
	Unrest'ricted general fund			22,909	(26,477)	(3,568)
	Pest icted funds
	Restricted General fund Restricted Fixed Asset Fund			2,944	(2,944)
					(7,550)	(7,550)
				2,944	(10,494)	(7,550)
	TOTAL FUNDS
				25,853	(36,971)	(11,118)

									Net
									movement	At
								At 1.1.21	in funds	31.12.21
								f	f	F
Unrestricted funds
Unrestricted general fund								110,350	11,483	121,833
Artefact legacy								12,000		12,000
Restricted funds								122,350	11,483	133,833
Restricted General furid Restricted Fixed Asset Fund								13,650 508,216	(7,839)	13,650 500,377
								521,866	(7,839)	514,027
TOTAL FUNDS								644,216	3,644	647,860
Comparative net movement			ln funds, included	in the above are as follows:
								Incoming	Resources	Movement
								resources	expended	in funds
								f	f	f
Unrestricted funds
Unrestricted general fund								41,298	(29,815)	11,483
	'
Restricted funds
Pestricted Fixed Asset Fund									(7,839)	(7,839)
TOTAL FUNDS								41,298	(37,654)	3,644
A current y ar '12 months		and	prio" year 12months		combined	position	is as	follow":
									I'Iet
									movement	At
								At 1.1.21	in funds	31.12.22
								f	f	f
Unrestricted funds
Unrestricted general fund Artefact legacy								110,350 12,000	7,915	118,265 12,000
Restricted funds								122,350	7,915	130,265
Restricted'General fund Restr)cted Fixed Asset Fund								13,650 508,216	15389	13,650 492 827
								521,866	(15,389)	506,477
TOTAL FUNDS								644,216	(7,474)	636,742

	Incoming	Resources	Movement
Unrestricted funds	resources f	expended E	in funds f
Unrestricted general fund	64,207	(56,292)	7,915
Restricted funds
Restricted &Seneral fund Restricted Fixed Asset Fund	2,944	(2,944) (15,389)	(15,389)
	2,944	(18,333)	(15,389)
TOTAL FUNDS	67,151	(74,625)	(7,474)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31DECEMBER 2022
	2022	2021
	f	f
INCOIVIE AND ENDOWMENTS
Donations and legacies
Donations Grants	1,881	1,929
Subscriptions	6,345 2,481	17,089 1,685
	10,707	20,703
Other trading activities
Local Fundraising Museum admissions Shop and publicatior sales Visits	430 4,735 1,061 741	760 3,994 1,918 631
	6,967	7,303
Irvestment income
Income from ~nvestments	1,029	807
Other income
Rental income Unrealised investment gains	10,786 (3,636)	8,600 3,885
	7,150	12,485
Total incoming resources	25,853	41,298
EXPENDITURE
Other trading activities
Shop purchases and publications Speaker fees and lecture costs	493 894	1,582 1,476
	1,387	3,058
Charitable activities
Rates and water Insurance Light and heat Telephone Postage and stationery Sundries	724 4,013 3,469 583 1,670	369 5,936 3,115 630 1,613
Repairs and renewals Subscriptions Computer software a'nd maintenance Depn ofdisplay cabinets etc Depn ofFixture and'fittings Depn ofcomputer equipment	447 8,927 392 1,523 3,313 3,926 311	708 7,712 82 2,269 3,602 3,926 311
	29,298	30,273

FOR THE YEAR	ENDED 31DECEMBER 2022
		2022	2021
Support costs		f	E
Finance
Bank charges		196	150
Governance	costs
Accountancy Legal fees	fees	2,610 3,480	2,370 1,803
		6,090	4,173
Total resources	expended	36,971	37,654
Net (expendicure)/income		(11,118)	3,644