2024-12-31-accounts - Louth Naturalists', Antiquarian And Literary Society

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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 2024

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 2024`

		`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 SOCIETY LIMITED

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthe charityforthe yearended31 December2024.Thetrusteeshaveadoptedthe 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 LouthNaturalists',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 2024 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.

ThesocietyownsthreepropertiesinLouth,twoofwhichbeingTheMansionHouseandNumber14Upgatewhichare 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 charityhas compliedwith the duty in section17(5)of the CharitiesAct 2011 to have due regard to the publicbenefit guidance
published by the Charity Commission.

`FINANCIAL REVIEW`

`Reserves policy`

The runningand openingof the museumcontinuesto be relativelyexpensiveand challengingon a limitedincome,althoughat the
yearendthesocietyhasaheathybankbalanceof£79,797.TheSocietyhasreservestotalling£616,470ofwhich£492,605 were
restrictedfixedassetfunds.Thetrusteesconsiderthattheleveloffreereservesatatthe31December2024amounting to
£120,448 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
MuseumDevelopmentServiceto ensurethat appropriatestandardsare met.The boardmeet on a regularbasisand 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`

`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 2024`

`Trustees`

C L Birchmore Director
N B Christmas Director
A J Cooper Builder
R W Moulds Retired Headmaster
Mrs A J Muchall Bookeeper
D R Start Director
Ms D Lacey Director
M Locking Director
Ms L Payne Director
Mrs J Markham Director

`Independent Examiner`

Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

Approved by order of the board of trustees on 28 March 2025 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 2024.

`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 cometo 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

The Association of Chartered Certified Accountants

Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

28 March 2025

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 2024`

`Unrestricted` `funds` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `3,753` `Other trading activities` `3` `11,809` `Investment income` `4` `2,024` `Other income` `5` `11,782` `Total` `29,368` `EXPENDITURE ON` `Raising funds` `6` `4,807` `Charitable activities` `7` `Cost of Charitable Activities` `28,162` `Finance charges` `219` `Goverance` `2,621` `Total` `35,809` `NET INCOME/(EXPENDITURE)` `(6,441)` `Transfers between funds` `18` `(2,617)` `Net movement in funds` `(9,058)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `129,506` `TOTAL FUNDS CARRIED FORWARD` `120,448`	`Restricted` `funds` `£` `1,135` `-` `-` `-` `1,135` `-` `7,209` `-` `-` `7,209` `(6,074)` `2,617` `(3,457)` `499,479` `496,022`	`2024` `Total` `funds` `£` `4,888` `11,809` `2,024` `11,782` `30,503` `4,807` `35,371` `219` `2,621` `43,018` `(12,515)` `-` `(12,515)` `628,985` `616,470`	`2023` `Total` `funds` `£` `5,168` `15,388` `1,433` `10,903`
			`32,892`
			`4,947` `33,071` `231` `2,400`
			`40,649`
			`(7,757)` `-`
			`(7,757)` `636,742`
			`628,985`

The notes form part of these financial statements

Page 4

`LOUTH NATURALISTS', ANTIQUARIAN AND LITERARY SOCIETY LIMITED`

`STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024`

`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` `£` `-` `-` `30,856` `30,856` `6,162` `10,811` `76,380` `93,353` `(3,761)` `89,592` `120,448` `120,448`	`Restricted` `funds` `£` `391,219` `101,386` `-` `492,605` `-` `-` `3,417` `3,417` `-` `3,417` `496,022` `496,022`	`2024` `Total` `funds` `£` `391,219` `101,386` `30,856` `523,461` `6,162` `10,811` `79,797` `96,770` `(3,761)` `93,009` `616,470` `616,470` `120,448` `496,022` `616,470`	`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`
				`129,506` `499,479`
				`628,985`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2024.

The members have not required the companyto obtain an audit of its financialstatementsfor the year ended 31 December 2024 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 financialstatementshave been preparedin accordancewith the provisionsapplicableto charitablecompaniessubjectto  the
small companies regime.

The financialstatementswere approvedby the Board of Trustees and authorisedfor issue on 28 March 2025 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 SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,havebeen prepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
andRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
preparedunderthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue, 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 incomeis 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 FinancialActivitiesoncethe 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 thoseconditionsis 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 settlementdate. In the event that the gift is in the form of an
asset other than cash or a financialtradingasset traded on a recognisedstockexchange,recognitionis subjectto the  value
of the gift being reliablymeasurablewith 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 6

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`1. ACCOUNTING POLICIES - continued`

`Stocks`

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteandslow moving
items.

`Taxation`

Thecharityis exemptfromcorporationtaxonitscharitableactivities.Thecharityis notregisteredforVATandtcostsre 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`

The financialstatementshave been prepared on a going concernbasis as the trustees believe that no material uncertainties
exist. The trustees have consideredthe level of the funds held and the expectedlevel of incomeand expenditurefor the 12
monthsfromauthorisingthesefinancialstatements.Thereisasufficientlevelofreservesforthecharitytobeable 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`	`2024` `£` `369` `1,135` `3,384` `4,888` `2024` `£` `1,135` `2024` `£` `189` `6,867` `2,222` `2,531` `11,809`	`2023` `£` `2,131` `-` `3,037` `5,168` `2023` `£` `-` `2023` `£` `1,101` `8,874` `3,524` `1,889`
		`15,388`

`3. OTHER TRADING ACTIVITIES`

continued...

Page 7

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`4. INVESTMENT INCOME`

`2024` `£` `Income from investments` `1,892` `Deposit account interest` `132` `2,024` `5.` `OTHER INCOME` `2024` `£` `Rental income` `11,100` `Unrealised investment gains` `682` `11,782` `6.` `RAISING FUNDS` `Other trading activities` `2024` `£` `Purchases` `4,807` `7.` `CHARITABLE ACTIVITIES COSTS` `Direct` `Costs (see` `Support` `note 8)` `costs` `£` `£` `Cost of Charitable Activities` `35,371` `-` `Finance charges` `-` `219` `Goverance` `-` `2,621` `35,371` `2,840` `8.` `DIRECT COSTS OF CHARITABLE ACTIVITIES` `2024` `£` `Rates and water` `436` `Insurance` `7,594` `Light and heat` `4,271` `Telephone` `783` `Postage and stationery` `862` `Sundries` `1,177` `Repairs and renewals` `11,228` `Subscriptions` `303` `Computer software and maintenance` `1,508` `Depreciation` `7,209` `35,371`	`2023` `£` `1,433` `-` `1,433` `2023` `£` `8,364` `2,539`
	`10,903`
	`2023` `£` `4,947` `Totals` `£` `35,371` `219` `2,621`
	`38,211`
	`2023` `£` `449` `6,911` `4,748` `1,078` `2,026` `670` `7,467` `346` `2,010` `7,366`
	`33,071`

continued...

Page 8

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`9. NET INCOME/(EXPENDITURE)`

Net income/(expenditure) is stated after charging/(crediting):

	`2024`	`2023`
	`£`	`£`
`Depreciation - owned assets`	`7,209`	`7,366`

`10. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

`11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `funds` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `5,168` `Other trading activities` `15,388` `Investment income` `1,433` `Other income` `10,903` `Total` `32,892` `EXPENDITURE ON` `Raising funds` `4,947` `Charitable activities` `Cost of Charitable Activities` `25,705` `Finance charges` `231` `Goverance` `2,400` `Total` `33,283` `NET INCOME/(EXPENDITURE)` `(391)` `Transfers between funds` `(368)` `Net movement in funds` `(759)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `130,265` `TOTAL FUNDS CARRIED FORWARD` `129,506`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `7,366` `-` `-` `7,366` `(7,366)` `368` `(6,998)` `506,477` `499,479`	`Total` `funds` `£` `5,168` `15,388` `1,433` `10,903`
		`32,892`
		`4,947` `33,071` `231` `2,400`
		`40,649`
		`(7,757)` `-`
		`(7,757)` `636,742`
		`628,985`

continued...

Page 9

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`12. TANGIBLE FIXED ASSETS`

`COST` `At 1 January 2024` `Additions` `At 31 December 2024` `DEPRECIATION` `At 1 January 2024` `Charge for year` `At 31 December 2024` `NET BOOK VALUE` `At 31 December 2024` `At 31 December 2023` `13.` `HERITAGE ASSETS` `MARKET VALUE` `At 1 January 2024` `Additions` `At 31 December 2024` `NET BOOK VALUE` `At 31 December 2024` `At 31 December 2023` `14.` `FIXED ASSET INVESTMENTS` `MARKET VALUE` `At 1 January 2024` `Revaluations` `At 31 December 2024` `NET BOOK VALUE` `At 31 December 2024` `At 31 December 2023`	`Freehold` `property` `£` `275,000` `-` `275,000` `-` `-` `-` `275,000` `275,000`	`Display` `Fixture,` `cabinets` `fittings` `and` `and` `Computer` `confents` `equipment` `equipment` `Totals` `£` `£` `£` `£` `151,018` `196,282` `17,482` `639,782` `3,000` `-` `1,121` `4,121` `154,018` `196,282` `18,603` `643,903` `100,694` `127,896` `16,885` `245,475` `3,037` `3,926` `246` `7,209` `103,731` `131,822` `17,131` `252,684` `50,287` `64,460` `1,472` `391,219` `50,324` `68,386` `597` `394,307` `Total` `£` `91,522` `9,864` `101,386` `101,386` `91,522` `Listed` `investments` `£` `30,175` `681` `30,856` `30,856` `30,175`

There were no investment assets outside the UK.

continued...

Page 10

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`14. FIXED ASSET INVESTMENTS - continued`

Cost or valuation at 31 December 2024 is represented by:

`Valuation in 2024` `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` `At 1.1.24` `in funds` `£` `£` `117,506` `(6,441)` `12,000` `-` `129,506` `(6,441)` `13,650` `1,135` `485,829` `(7,209)` `499,479` `(6,074)` `628,985` `(12,515)`	`Listed` `investments` `£` `30,856` `2024` `2023` `£` `£` `6,162` `6,899` `2024` `2023` `£` `£` `6,570` `6,470` `4,241` `3,924` `10,811` `10,394` `2024` `2023` `£` `£` `3,761` `2,640` `Transfers` `between` `At` `funds` `31.12.24` `£` `£` `5,303` `116,368` `(7,920)` `4,080` `(2,617)` `120,448` `(11,368)` `3,417` `13,985` `492,605` `2,617` `496,022` `-` `616,470`

continued...

Page 11

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`18. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`Unrestricted general fund`	`29,368`	`(35,809)`	`(6,441)`
`Restricted funds`
`Restricted General fund`	`1,135`	`-`	`1,135`
`Restricted Fixed Asset Fund`	`-`	`(7,209)`	`(7,209)`
	`1,135`	`(7,209)`	`(6,074)`
`TOTAL FUNDS`	`30,503`	`(43,018)`	`(12,515)`

`Comparatives for movement in funds`

Net
movement
At 1.1.23
in funds
£
£
Unrestricted funds
Unrestricted general fund
118,265
(391)
Artefact legacy
12,000
-
130,265
(391)
Restricted funds
Restricted General fund
13,650
-
Restricted Fixed Asset Fund
492,827
(7,366)
506,477
(7,366)
TOTAL FUNDS
636,742
(7,757)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Unrestricted general fund
32,892
Restricted funds
Restricted Fixed Asset Fund
-
TOTAL FUNDS
32,892 Transfers
between
At
funds
31.12.23
£
£
(368)
117,506
-
12,000
(368)
129,506
-
13,650
368
485,829
368
499,479
-
628,985
Resources
Movement
expended
in funds
£
£
(33,283)
(391)
(7,366)
(7,366)
(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 2024`

`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` `Restricted funds` `Restricted General fund` `Restricted Fixed Asset Fund` `TOTAL FUNDS`	`Net` `movement` `At 1.1.23` `in funds` `£` `£` `118,265` `(6,832)` `12,000` `-` `130,265` `(6,832)` `13,650` `1,135` `492,827` `(14,575)` `506,477` `(13,440)` `636,742` `(20,272)`	`Transfers` `between` `At` `funds` `31.12.24` `£` `£` `4,935` `116,368` `(7,920)` `4,080` `(2,985)` `120,448` `(11,368)` `3,417` `14,353` `492,605` `2,985` `496,022` `-` `616,470`	`Transfers` `between` `At` `funds` `31.12.24` `£` `£` `4,935` `116,368` `(7,920)` `4,080` `(2,985)` `120,448` `(11,368)` `3,417` `14,353` `492,605` `2,985` `496,022` `-` `616,470`
			`120,448` `3,417` `492,605`
			`496,022`
			`616,470`

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`	`62,260`	`(69,092)`	`(6,832)`
`Restricted funds`
`Restricted General fund`	`1,135`	`-`	`1,135`
`Restricted Fixed Asset Fund`	`-`	`(14,575)`	`(14,575)`
	`1,135`	`(14,575)`	`(13,440)`
`TOTAL FUNDS`	`63,395`	`(83,667)`	`(20,272)`

`19. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 December 2024.

`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.

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LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES` `FOR THE YEAR ENDED 31 DECEMBER 2024`
	`2024`	`2023`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`369`	`2,131`
`Grants`	`1,135`	`-`
`Subscriptions`	`3,384`	`3,037`
	`4,888`	`5,168`
`Other trading activities`
`Local Fundraising`	`189`	`1,101`
`Museum admissions`	`6,867`	`8,874`
`Shop and publication sales`	`2,222`	`3,524`
`Visits`	`2,531`	`1,889`
	`11,809`	`15,388`
`Investment income`
`Income from investments`	`1,892`	`1,433`
`Deposit account interest`	`132`	`-`
	`2,024`	`1,433`
`Other income`
`Rental income`	`11,100`	`8,364`
`Unrealised investment gains`	`682`	`2,539`
	`11,782`	`10,903`
`Total incoming resources`	`30,503`	`32,892`
`EXPENDITURE`
`Other trading activities`
`Shop purchases and publications`	`2,461`	`2,749`
`Speaker fees and lecture costs`	`2,346`	`2,198`
	`4,807`	`4,947`
`Charitable activities`
`Rates and water`	`436`	`449`
`Insurance`	`7,594`	`6,911`
`Light and heat`	`4,271`	`4,748`
`Telephone`	`783`	`1,078`
`Postage and stationery`	`862`	`2,026`
`Sundries`	`1,177`	`670`
`Repairs and renewals`	`11,228`	`7,467`
`Subscriptions`	`303`	`346`
`Computer software and maintenance`	`1,508`	`2,010`
`Depn of display cabinets etc`	`3,037`	`3,140`
`Depn of Fixture and fittings`	`3,926`	`3,926`
`Depn of computer equipment`	`246`	`300`
	`35,371`	`33,071`

This page does not form part of the statutory financial statements

Page 14

LOUTH NATURALISTS', ANTIQUARIAN AND
LITERARY SOCIETY LIMITED

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES` `FOR THE YEAR ENDED 31 DECEMBER 2024`
	`2024`	`2023`
	`£`	`£`
`Support costs`
`Finance`
`Bank charges`	`219`	`231`
`Governance costs`
`Accountancy fees`	`2,621`	`2,400`
`Total resources expended`	`43,018`	`40,649`
`Net expenditure`	`(12,515)`	`(7,757)`

This page does not form part of the statutory financial statements

Page 15