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|Trustees|||Prof K Lindsey (Chairman)|Prof K Lindsey (Chairman)||
|---|---|---|---|---|---|
||||Prof L Dolan|||
||||Mr ARM Campbell|||
||||Prof M Harrison|||
||||Prof AM Hetherington|||
||||Prof RJ Norby|||
||||Prof A Osbourn|||
||||Mr LRoss|||
||||Prof H Thomas (Treasurer)|||
||||Prof SHiscock|||
||||Prof PAtkinson|||
||||Dr C Dolder (resigned|12June 2020)||
|Charity|number||1154867|||
|Company||number|08789102|||
|Registered||office|Bailrigg House|||
||||Lancaster
University|||
||||Lancaster|||
||||Lancashire|||
||||LA1 4YE|||
|Auditor|||Riverside Accountancy|Lancaster|Limited t/a Paul Clegg &|
||||Company|||
||||Riverside Offices|||
||||Second Floor|||
||||26 St Georges Quay|||
||||Lancaster|||
||||LA1 1RD|||
|Bankers|||Barclays Bank PLC|||
||||38 Market Street|||
||||Lancaster|||
||||LA1 4HR|||
##
|||Page|
|---|---|---|
|Trustees'
report||1-4|
|Independent
auditor's|report|5-7|
|Statement offinancial|activities||
|Balance sheet|||
|Statement
ofcash flows||10|
|Notes to the financial|statements|11-17|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
|||Notes|F||
|~ncome from:|||||
|Charitable
activities|||1,392,235|1,357,101|
|Investments|||31,904|39,159|
|Total income|||1,424,139|1,396,260|
|Ex enditure on:|||||
|Raising funds|||19,905|23,774|
|Charitable
activities|||1,071,898|1,399,095|
|Total resources expended|||1,091,803|1,422,869|
|Net gains/(losses)|on investments|10|260,665|277,401|
|Net income for the year/|||||
|Net movement
in|funds||593,001|250,792|
|Fund balances at 1 January 2020|||2,719,840|2,469,046|
|Fund balances at|31 December 2020||3,312,841|2,719,838|
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|F||F||
|Fixed assets||||||||
|Investments|||||2,181,504||1,909,775|
|Current assets||||||||
|Debtors|||13|420,696||340,887||
|Cash at bank and|in|hand||858,498||570,872||
|||||1,279,194||911,759||
|Creditors: amounts||falling due within||||||
|one year|||14|(147,857)||(101,696)||
|Net current assets|||||1,131,337||810,063|
|Total assets less|current liabilities||||3,312,841||2,719,838|
|Income funds||||||||
|Unrestricted
funds|||||3,312,841||2,719,838|
||||||3,312,841||2,719,838|
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|f||E||
|Cash flows from operating||activities||||||
|Cash generated|from/(absorbed
by)||15|||||
|operations|||||296,861||(7,387)|
|Investing
activities||||||||
|Purchase of investments||||(1,634,842)||(193,234)||
|Proceeds on disposal of investments||||1,682,630||145,780||
|Cash movement|in investment
porffolio|||(58,850)||34,314||
|Interest received||||1,827||2,245||
|Net cash used|in investing|activities|||(9,235)||(10,895)|
|Net cash used|in financing|activities||||||
|Net increase/(decrease)
in||cash and cash||||||
|equivalents|||||287,626||(18,282)|
|Cash and cash|equivalents|at beginning|ofyear||570,872||589,153|
|Cash and cash|equivalents|at end of|year||858,498||570,872|
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||Journal|Symposia|Total|Journal|Symposia|Total|
|---|---|---|---|---|---|---|
||Income|Income|2020|Income|Income|2019|
||2020|2020||2019|2019||
||f|f|||f||
|Wiley-Blackwell|1,381,915||1,381,915|1,298,881||1,298,881|
|JSTOR|10,526||10,526|11,423||11,423|
|Symposia||(206)|(206)|-|46,797|46,797|
||1,392,441|(206)|1,392,235|1,310,304|46,797|1,357,101|
##
|||2020|2019|
|---|---|---|---|
|Dividends|received|30,077|36,914|
|Interest receivable||1,827|2,245|
|||31,904|39,159|
|Raising funds||||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020|2019|
||||F|
|Investment|management|19,905|23,774|
|||19,905|23,774|
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||||Journal|Symposia|Total|Journal|Symposia|Total|
|---|---|---|---|---|---|---|---|---|
||||Expenditure|Expenditure|2020|Expenditure|Expenditure|2019|
|Staff costs|||492,656||492,656|480,141||480,141|
|Lancaster
rent|||6,709||6,709|9,505||9,505|
|Stationery
and printing|||45||45|767||767|
|Telephone
and communications|||1,701||1,701|2,103||2,103|
|Office space|||3,059||3,059|2,589||2,589|
|Furniture,
equipment|and||||||||
|hardware|||4,182||4,182|4,453||4,453|
|Miscellaneous
expenses|||1,692||1,692|837||837|
|Petty cash expenditure|||100||100|219||219|
|Advertising||||||199||199|
|Promotion
and marketing|||24,504||24,504|27,940||27,940|
|Development|||14,162||14,162|15,991||15,991|
|Training expenses|||3,840||3,840|1,470||1,470|
|Staff travel||||||2,003||2,003|
|Staff hospitality||||||1,563||1,563|
|Website design and|||||||||
|maintenance|||10,109||10,109|9,613||9,613|
|DHL courier|||72||72|2,292||2,292|
|Bristol salaries|||26,734||26,734|14,734||14,734|
|Editors and advisors business|||||||||
|meetings|||20,956||20,956|99,163||99,163|
|Trustees meetings|||221||221|13,836||13,836|
|Tansley reviews|||24,497||24,497|3,200||3,200|
|Workshops|||1,168||1,168|10,000||10,000|
|Tansley grants|||36,524||36,524|50,293||50,293|
|Contributions
to trustees'||and|||||||
|editors'
institutions|||364,916||364,916|387,640||387,640|
|Current Year Symposia||||12,842|12,842||153,906|153,906|
|Next Generation
Symposia|||||||74,407|74,407|
||||1,037,846|12,842|1,050,688|1,140,551|228,313|1,368,864|
|Share ofsupport costs (see|||||||||
|note 7)|||15,848||15,848|24,006||24,006|
|Share ofgovernance|costs (see||||||||
|note 7)|||5,362||5,362|6,225||6,225|
||||1,059,056|12,842|1,071,898|1,170,782|228,313|1,399,095|
|Analysis
by fund|||||||||
|Unrestricted
funds|||1,059,056|12,842|1,071,898|1,170,782|228,313|1,399,095|
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||||Support|Governance|2020|2019|Basis of|
|---|---|---|---|---|---|---|---|
||||costs|costs|||allocation|
|Treasurer|- travel and|accommodation|393||393|528|Usage|
|Treasurer|- honorarium||5,000||5,000|5,000|Usage|
|Subscription s|||2,995||2,995|1,519|Usage|
|Bank charges|||2,013||2,013|6,265|Usage|
|Currency|conversion|gains/(losses)|5,447||5,447|10,694|Usage|
|Audit fees||||3,500|3,500|3,500|Governance|
|Accountancy||||1,472|1,472|2,300|Governance|
|Legal and|professional|||390|390|425|Governance|
||||15,848|5,362|21,210|30,231||
|Analysed|between|||||||
|Charitable|activities||15,848|5,362|21,210|30,231||
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|Employment|costs|2020f|2019|
|---|---|---|---|
|Lancaster salaries||492,656|480,141|
|Bristol salaries||26,734|14,734|
|||519,390|494,875|
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||||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2020f|2019
F|
||Gain/(loss)
on sale of|investments|||||260,665|277,401|
|11|Fixed asset investments||||||||
|||||||Listed|Cash in|Total|
|||||||investments|portfolio||
||Cost or valuation||||||||
||At 1 January 2020|||||1,901,939|7,836|1,909,775|
||Additions|||||1,634,842||1,634,842|
||Valuation
changes|||||244,440||244,440|
||Gain/(Loss)
on sale|||||16,224||16,224|
||Cash movement||||||58,852|58,852|
||Disposals|||||(1,682,630)||(1,682,630)|
||At 31 December 2020|||||2,114,815|66,688|2,181,503|
||Carrying
amount||||||||
||At 31 December 2020|||||2,114,815|66,688|2,181,503|
||At 31 December 2019|||||1,901,939|7,836|1,909,775|
|12|Financial
instruments||||||2020|2019|
||||||||E||
||Carrying
amount offinancial|||assets|||||
||Debt instruments
measured||at amortised||cost||415,954|330,779|
||Equity instruments
measured|||at cost less|impairment||2,181,504|1,909,775|
||Carrying
amount offinancial|||liabilities|||||
||Measured
at amortised|cost|||||147,857|101,696|
##
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|13|Debtors||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Amounts
falling|due||within one||year:|||2020f|2019|
||Wiley-Blackwell||||||||405,428|319,356|
||Jstor||||||||10,526|11,423|
||Prepayments||||||||4,742|10,108|
||||||||||420,696|340,887|
|14|Creditors: amounts|||falling due||within one|year||||
||||||||||2020|2019|
||Trade creditors||||||||3,305|29,631|
||Sundry creditors||||||||1,196|1,201|
||V.A.T creditor||||||||59,521|19,721|
||Accruals||||||||83,835|51,143|
||||||||||147,857|101,696|
|15|Cash generated|from operations|||||||2020|2019|
||Surplus for the year||||||||593,001|250,792|
||Adjustments
for:||||||||||
||Investment
income||recognised||in|statement|offinancial|activities|(1,827)|(2,245)|
||(Gain)/loss
on disposal of investments||||||||(16,224)|23,427|
||Fair value gains|on|investments||||||(244,441)|(300,828)|
||Movements
in working|||capital:|||||||
||(Increase)/decrease||in debtors||||||(79,809)|14,258|
||Increase
in creditors||||||||46,161|7,209|
||Cash generated|from/(absorbed||||by) operations|||296,861|(7,387)|