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 2023
FOR
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
|
|
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 |
14 |
Detailed Statement of Financial Activities |
15 |
to |
16 |
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsof the charityforthe yearended 31 December2023.The trusteeshaveadoptedthe provisionsof Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin 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 objectivesof the Louth Naturalists',Antiquarianand LiterarySocietyLimited,henceforthreferredto as the Society,are the
runninganddeliveryofalectureprogramme,andeventsandthedeliveryrunningofLouthMuseumforthebenefitofthe local
communityandvisitorstothearea.TheTrusteesconfirmthattheyhavecompliedwiththedutyinsection4ofthe2006Act 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 2023 the society has maintained its membership to whom it delivers a programme of lectures and outings.
The museum is usually open to the members and public from April to October and delivers a series of successful exhibitions.
Volunteers continue to provide valuable support to the museum and the running of. They are active in fund raising activities.
The societyownstwo propertiesin Louthbeing The MansionHouseand Number 14 Upgate currentlybeing 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 charityhas compliedwith the duty in section17(5) of the CharitiesAct 2011 to have due regardto the publicbenefit guidance
published by the Charity Commission.
FINANCIAL REVIEW
Reserves policy
The runningand openingof the museum continuesto be relativelyexpensiveand challengingon a limitedincome,althoughat the
yearendthesocietyhasaheathybankbalanceof£98,328.TheSocietyhasreservestotalling£628,985ofwhich£499,111 were
restrictedfixedassetfunds.Thetrusteesconsiderthattheleveloffreereservesatatthe31December2023amounting to
£129,874 represents adequate working capital to enable the maintenance and opening of the museum for the next 12 months.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limitedbyguarantee, as
defined by the Companies Act 2006.
The charityis governedby its Memorandumand Articlesof association,as approvedby the CharityCommission.All aspectsof the
Societyaresuccessfullydeliveredbythetrusteesandvolunteers.ThemuseumcontinuestotoworkwiththeEast Midlands
Museum DevelopmentServiceto ensure that appropriatestandardsare met. The boardmeet on a regularbasis 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 SOCIETY LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
C L Birchmore Director
N B Christmas Director
A J Cooper Builder
F D Howard Director (resigned 1.4.23)
R W Moulds Retired Headmaster
Mrs A J Muchall Bookeeper
D R Start Director
Ms D Lacey Director
M Locking Director (appointed 1.4.23)
Ms L Payne Director (appointed 25.4.23)
Independent Examiner
Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS
Approved by order of the board of trustees on ............................................. 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')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actand are
eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carriedout under Section
145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbythe Charity
Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completedmy examination.I confirmthat no mattershave come to my attentionin connectionwith 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 concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
Rachel Barrett
Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS
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 2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
5,168
Other trading activities
3
15,388
Investment income
4
1,433
Other income
5
10,903
Total
32,892
EXPENDITURE ON
Raising funds
6
4,947
Charitable activities
7
Cost of Charitable Activities
25,705
Finance charges
231
Goverance
2,400
Total
33,283
NET INCOME/(EXPENDITURE)
(391)
RECONCILIATION OF FUNDS
Total funds brought forward
130,265
TOTAL FUNDS CARRIED FORWARD
129,874 |
Restricted
funds
£
-
-
-
-
-
-
7,366
-
-
7,366
(7,366)
506,477
499,111 |
2023
Total
funds
£
5,168
15,388
1,433
10,903
32,892
4,947
33,071
231
2,400
40,649
(7,757)
636,742
628,985 |
2022
Total
funds
£
10,707
6,967
1,029
7,150
25,853
1,387
29,508
196
5,880
36,971
(11,118)
647,860
636,742 |
|
|
|
|
The notes form part of these financial statements
Page 4
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023
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
£
-
-
30,175
30,175
6,899
10,394
85,046
102,339
(2,640)
99,699
129,874
129,874 |
Restricted
funds
£
394,307
91,522
-
485,829
-
-
13,282
13,282
-
13,282
499,111
499,111 |
2023
Total
funds
£
394,307
91,522
30,175
516,004
6,899
10,394
98,328
115,621
(2,640)
112,981
628,985
628,985
129,874
499,111
628,985 |
2022
Total
funds
£
401,304
91,522
27,635
520,461
5,178
10,773
102,970
118,921
(2,640)
116,281
636,742
636,742
130,265
506,477
636,742 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2023.
The members have not required the company to obtain an audit of its financialstatements for the year ended 31 December 2023 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 2023
These financialstatementshave been prepared in accordancewith the provisionsapplicableto charitablecompaniessubject to the
small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon............................................. and
were signed on its behalf by:
.............................................
R W Moulds - 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 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunder FRS 102,havebeen prepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
Practiceapplicabletocharitiespreparingtheiraccountsin accordancewiththeFinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
havebeen preparedunder the historicalcostconvention,withthe exceptionof investmentswhichare includedat market
value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese 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 recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
Grant incomeand donationsare recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the
funds,itisprobablethattheincomewillbereceivedandtheamountcanbemeasuredreliably.Unspentgrants and
donations are shown on the balance sheet as unrestricted funds.
Expenditure
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
Donations and legacies
Donationsarerecognisedwhenthecharityhasbeennotifiedinwritingofboththeamountandsettlementdate.In the
eventthatthedonationissubjecttoconditionsthatrequirealevelofperformancebythecharitybeforethecharity is
entitled to the funds, the income is deferred and not recogniseduntil either these conditionsare fully met, or the fulfilment
of those conditionsis whollywithinthe controlof the charityand it is probablethat these conditionswill be fulfilledin the
reporting period.
Legacygiftsarerecognisedonacasebycasebasisfollowingthegrantofprobatewhentheadministor/executorfor the
estate has communicatedin 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 financialtrading asset traded on a recognisedstock exchange,recognitionis subject to the value
of the gift being reliably measurablewith a degree of reasonableaccuracyand the title of the asset having been transferred
to the charity.
Governance costs
Governancecostsrepresentcoststhataredirectlyattributabletothemanagementofthecharity'sassets, 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 7
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES - continued
Stocks
Stocksarevaluedat the lowerofcostandnet realisablevalue,aftermakingdue allowanceforobsoleteandslow moving
items.
Taxation
The charityis exemptfromcorporationtax on its charitableactivities.Thecharityis not registeredforVATand 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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
Thefinancialstatementshavebeenpreparedonagoingconcernbasisasthetrusteesbelievethatno material
uncertaintiesexist.Thetrusteeshaveconsideredthelevelofthefundsheldandtheexpectedlevelofincome and
expenditureforthe12monthsfromauthorisingthesefinancialstatements.Thereisasufficientlevelofreservesfor 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
OTHER TRADING ACTIVITIES
Local Fundraising
Museum admissions
Shop and publication sales
Visits |
2023
£
2,131
-
3,037
5,168
2023
£
-
2023
£
1,101
8,874
3,524
1,889
15,388 |
2022
£
1,881
6,345
2,481 |
|
|
10,707 |
|
|
2022
£
6,345
2022
£
430
4,735
1,061
741 |
|
|
6,967 |
3. OTHER TRADING ACTIVITIES
continued...
Page 8
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
4. INVESTMENT INCOME
2023
£
Income from investments
1,433
5.
OTHER INCOME
2023
£
Rental income
8,364
Unrealised investment gains
2,539
10,903
6.
RAISING FUNDS
Other trading activities
2023
£
Purchases
4,947
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
Support
note 8)
costs
£
£
Cost of Charitable Activities
33,071
-
Finance charges
-
231
Goverance
-
2,400
33,071
2,631
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2023
£
Rates and water
449
Insurance
6,911
Light and heat
4,748
Telephone
1,078
Postage and stationery
2,026
Sundries
670
Repairs and renewals
7,467
Subscriptions
346
Computer software and maintenance
2,010
Depreciation
7,366
33,071 |
2022
£
1,029
2022
£
10,786
(3,636)
7,150
2022
£
1,387
Totals
£
33,071
231
2,400
35,702
2022
£
724
4,013
3,469
583
1,670
447
8,927
392
1,523
7,550
29,298 |
|
|
continued...
Page 9
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2023 |
2022 |
|
£ |
£ |
Depreciation - owned assets |
7,366 |
7,550 |
10. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norfortheyear ended
31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,763
Other trading activities
6,967
Investment income
1,029
Other income
7,150
Total
22,909
EXPENDITURE ON
Raising funds
1,387
Charitable activities
Cost of Charitable Activities
19,014
Finance charges
196
Goverance
5,880
Total
26,477
NET INCOME/(EXPENDITURE)
(3,568)
RECONCILIATION OF FUNDS
Total funds brought forward
133,833
TOTAL FUNDS CARRIED FORWARD
130,265 |
Restricted
funds
£
2,944
-
-
-
2,944
-
10,494
-
-
10,494
(7,550)
514,027
506,477 |
Total
funds
£
10,707
6,967
1,029
7,150
25,853
1,387
29,508
196
5,880
36,971
(11,118)
647,860
636,742 |
|
|
|
continued...
Page 10
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 January 2023
275,000
Additions
-
At 31 December 2023
275,000
DEPRECIATION
At 1 January 2023
-
Charge for year
-
At 31 December 2023
-
NET BOOK VALUE
At 31 December 2023
275,000
At 31 December 2022
275,000
13.
HERITAGE ASSETS
MARKET VALUE
At 1 January 2023 and 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2023
Revaluations
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
There were no investment assets outside the UK.
Cost or valuation at 31 December 2023 is represented by: |
Display
Fixture,
cabinets
fittings
and
and
Computer
confents
equipment
equipment
Totals
£
£
£
£
151,018
196,282
17,113
639,413
-
-
369
369
151,018
196,282
17,482
639,782
97,553
123,971
16,585
238,109
3,141
3,925
300
7,366
100,694
127,896
16,885
245,475
50,324
68,386
597
394,307
53,465
72,311
528
401,304
Total
£
91,522
91,522
91,522
Listed
investments
£
27,635
2,540
30,175
30,175
27,635 |
|
|
Valuation in 2023
Listed
investments
£
30,175
continued...
Page 11
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued income
Prepayments
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 |
2023
2022
£
£
6,899
5,178
2023
2022
£
£
6,470
7,457
3,924
3,316
10,394
10,773
2023
2022
£
£
2,640
2,640
Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
118,265
(391)
117,874
12,000
-
12,000
130,265
(391)
129,874
13,650
-
13,650
492,827
(7,366)
485,461
506,477
(7,366)
499,111
636,742
(7,757)
628,985
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
32,892
(33,283)
(391)
-
(7,366)
(7,366)
32,892
(40,649)
(7,757) |
|
|
continued...
Page 12
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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 General fund
Restricted Fixed Asset Fund
TOTAL FUNDS |
Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
121,833
(3,568)
118,265
12,000
-
12,000
133,833
(3,568)
130,265
13,650
-
13,650
500,377
(7,550)
492,827
514,027
(7,550)
506,477
647,860
(11,118)
636,742
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
22,909
(26,477)
(3,568)
2,944
(2,944)
-
-
(7,550)
(7,550)
2,944
(10,494)
(7,550)
25,853
(36,971)
(11,118) |
Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
121,833
(3,568)
118,265
12,000
-
12,000
133,833
(3,568)
130,265
13,650
-
13,650
500,377
(7,550)
492,827
514,027
(7,550)
506,477
647,860
(11,118)
636,742
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
22,909
(26,477)
(3,568)
2,944
(2,944)
-
-
(7,550)
(7,550)
2,944
(10,494)
(7,550)
25,853
(36,971)
(11,118) |
|
|
(7,550) |
|
|
(11,118) |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
Unrestricted general fund
Artefact legacy
Restricted funds
Restricted General fund
Restricted Fixed Asset Fund
TOTAL FUNDS |
Net
movement
At
At 1.1.22
in funds
31.12.23
£
£
£
121,833
(3,959)
117,874
12,000
-
12,000
133,833
(3,959)
129,874
13,650
-
13,650
500,377
(14,916)
485,461
514,027
(14,916)
499,111
647,860
(18,875)
628,985 |
Net
movement
At
At 1.1.22
in funds
31.12.23
£
£
£
121,833
(3,959)
117,874
12,000
-
12,000
133,833
(3,959)
129,874
13,650
-
13,650
500,377
(14,916)
485,461
514,027
(14,916)
499,111
647,860
(18,875)
628,985 |
|
|
129,874
13,650
485,461 |
|
|
499,111 |
|
|
628,985 |
continued...
Page 13
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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 |
55,801 |
(59,760) |
(3,959) |
Restricted funds |
|
|
|
Restricted General fund |
2,944 |
(2,944) |
- |
Restricted Fixed Asset Fund |
- |
(14,916) |
(14,916) |
|
2,944 |
(17,860) |
(14,916) |
TOTAL FUNDS |
58,745 |
(77,620) |
(18,875) |
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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 14
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023 |
|
|
|
2023 |
2022 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
2,131 |
1,881 |
Grants |
- |
6,345 |
Subscriptions |
3,037 |
2,481 |
|
5,168 |
10,707 |
Other trading activities |
|
|
Local Fundraising |
1,101 |
430 |
Museum admissions |
8,874 |
4,735 |
Shop and publication sales |
3,524 |
1,061 |
Visits |
1,889 |
741 |
|
15,388 |
6,967 |
Investment income |
|
|
Income from investments |
1,433 |
1,029 |
Other income |
|
|
Rental income |
8,364 |
10,786 |
Unrealised investment gains |
2,539 |
(3,636) |
|
10,903 |
7,150 |
Total incoming resources |
32,892 |
25,853 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Shop purchases and publications |
2,749 |
493 |
Speaker fees and lecture costs |
2,198 |
894 |
|
4,947 |
1,387 |
Charitable activities |
|
|
Rates and water |
449 |
724 |
Insurance |
6,911 |
4,013 |
Light and heat |
4,748 |
3,469 |
Telephone |
1,078 |
583 |
Postage and stationery |
2,026 |
1,670 |
Sundries |
670 |
447 |
Repairs and renewals |
7,467 |
8,927 |
Subscriptions |
346 |
392 |
Computer software and maintenance |
2,010 |
1,523 |
Depn of display cabinets etc |
3,140 |
3,313 |
Depn of Fixture and fittings |
3,926 |
3,926 |
Depn of computer equipment |
300 |
311 |
|
33,071 |
29,298 |
Support costs
This page does not form part of the statutory financial statements
Page 15
LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023 |
|
|
|
2023 |
2022 |
|
£ |
£ |
Support costs |
|
|
Finance |
|
|
Bank charges |
231 |
196 |
Governance costs |
|
|
Accountancy fees |
2,400 |
2,610 |
Legal fees |
- |
3,480 |
|
2,400 |
6,090 |
Total resources expended |
40,649 |
36,971 |
Net expenditure |
(7,757) |
(11,118) |
This page does not form part of the statutory financial statements
Page 16