##
|Trustees||Prof K Lindsey - Chairman|Prof K Lindsey - Chairman|||
|---|---|---|---|---|---|
|||Prof L Dolan||||
|||Mr ARM Campbell||||
|||Prof M Harrison||||
|||Prof AM Hethedington||||
|||Prof RJ Norby||||
|||Prof A Osbourn||||
|||Mr LRoss||||
|||Prof H Thomas -Treasurer||(deceased 12Jul 2022)||
|||Prof S Hiscock||||
|||Prof PAtkinson||||
|||Dr C Dolder (resigned|12|June 2020)||
|||Miriam Maus (appointed|7 Mar 2022)|||
|||Dale Sanders (appointed||25 Jan|2022)|
|Charity number||«54867||||
|Company|number|08789102||||
|Registered|office|Bailrigg House||||
|||Lancaster
University||||
|||Lancaster||||
|||Lancashire||||
|||LA1 4YE||||
|Auditor||Riverside Accountancy|Lancaster||Limited|
|||Riverside Ofsces||||
|||Second Floor||||
|||26StGeorges Quay||||
|||Lancaster||||
|||LA1 1RD||||
|Bankers||Barclays Bank PLC||||
|||38 Market Street||||
|||Lancaster||||
|||LA1 4HR||||
|Accountants||JA Fell &Co||||
|||40 Hoghton
Street||||
|||Southport||||
|||PR9 OPQ||||
##
|||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|
|||||2021|2020|
||||Notes|f|f|
|t||||||
|Charitable
activities|||3|1,339,009|1,392,235|
|Investments|||4|28,007|31,904|
|Total income||||1,367,016|1,424,139|
|~ECht||||||
|Raising funds|||5|16,065|19,905|
|Charitable
activities|||6|1,045,406|1,071,898|
|Total resources expended||||1,061,471|1,091,803|
|Net gains/(losses)||on investments|10|295,488|260,665|
|Net income for the year/||||||
|Net movement|in|funds||601,033|593,001|
|Fund balances|at 1 January 2021|||3,312,841|2,719,840|
|Fund balances|at|31December 2021||3,913,874|3,312,841|
##
##
||||2021||2020|
|---|---|---|---|---|---|
|||Notes|8|||
|Fixed assets||||||
|Investments||||2,738,789|2,181,504|
|Current assets||||||
|Debtors||13|298,396||420,696|
|Cash at bank and in|hand||940,677||858,498|
||||1,239,073||1,279,194|
|Creditors: amounts|falling due within|||||
|one year||14|(63,988)||(147,857)|
|Net current assets||||1,175,085|1,131,337|
|Total assets less current liabilities||||3,913,874|3,312,841|
|Income funds||||||
|Unrestricted
funds||||3,913,874|3,312,841|
|||||3,913,874|3,312,841|
##
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|||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|8||||
|Cash flows from operating||||activities||||||
|Cash generated||from operations|||15||343,831||296,861|
|Investing|activities|||||||||
|Purchase|of investments|||||(909,761)||(1,634,842)||
|Proceeds|on disposal of investments|||||660,307||1,682,630||
|Cash movement||in investment||portfolio||(12,341)||(58,850)||
|Interest received||||||145||1,827||
|Net cash|used|in investing||activities|||(261,651)||(9,235)|
|Net cash|used|in financing||activities||||||
|Net increase in||cash and cash equivalents|||||82,180||287,626|
|Cash and|cash equivalents||at beginning||ofyear||858,498||570,871|
|Cash and|cash|equivalents||at end of|year||940,677||858,498|
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||Journal|Journal|Symposia|Total|
|---|---|---|---|---|
||Income|Income|Income|2020|
||2021|2020|2020||
||f||8||
|Wiley-Blackweg|1,328,660|1,381,915||1,381,915|
|JSTOR|10,349|10,526||10,526|
|Symposia|||(206)|(206)|
||1,339,009|1,392,441|(206)|1,392,235|
##
|||2021|2020|
|---|---|---|---|
|Dividends|received|27,862|30,077|
|Interest receivable||145|1,827|
|||28,007|31,904|
|Raising funds||||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2021|2020f|
|Investment|management|16,065|19,905|
|||16,065|19,905|
##
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##
|||||Journal|Symposia|Total|Journal|Symposia|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Expenditure|Expenditure
6|2021
6|Expenditure
f|Expenditure
6|2020f|
|Staff costs||||517,906||517,906|492,656||492,656|
|Lancaster rent||||6,705||6,705|6,709||6,709|
|Stationery
and|printing|||126||126|45||45|
|Telephone
and|communications|||1,504||1,504|1,701||1,701|
|Office space||||2,824||2,824|3,059||3,059|
|Furniture,
equipment||and||||||||
|hardware||||2,801||2,801|4,182||4,182|
|Miscellaneous|expenses|||3,972||3,972|1,692||1,692|
|Petty cash expenditure|||||||100||100|
|Advertising||||218||218||||
|Promotion
and|marketing|||14,928||14,928|24,504||24,504|
|Development||||18,367||18,367|14,162||14,162|
|Training expenses||||2,321||2,321|3,840||3,840|
|Staff travel||||910||910||||
|Website design|and|||||||||
|maintenance||||10,992||10,992|10,109||10,109|
|DHL courier|||||||72||72|
|Bristol salaries||||26,734||26,734|26,734||26,734|
|Editors and advisors||business||||||||
|meetings||||2,753||2,753|20,956||20,956|
|Trustees meetings||||9,618||9,618|221||221|
|Tansley reviews||||9,216||9,216|24,497||24,497|
|Workshops|||||||1,168||1,168|
|Tansley grants||||15,229||15,229|36,524||36,524|
|Contributions
to trustees'|||and|||||||
|editors' institutions||||375,337||375,337|364,916||364,916|
|Current Year Symposia||||||||12,842|12,842|
|Next Generation|Symposia|||||||||
|||||1,024,114||1,024,114|1,037,846|12,842|1,050,688|
|Share ofsupport costs (see||||||||||
|note 7)||||14,377||14,377|15,848||15,848|
|Share ofgovernance||costs (see||||||||
|note 7)||||6,915||6,915|5,362||5,362|
|||||1,045,406||1,045,406|1,059,056|12,842|1,071,898|
|Analysis
by fund||||||||||
|Unrestricted
funds||||1,045,406||1,045,406|1,059,056|12,842|1,071,898|
##
||||Support|Governance|2021|2020|Basis of|
|---|---|---|---|---|---|---|---|
||||costs|costs|||allocation|
||||f|f|f|||
|Treasurer|- travel and|accommodation||||393|Usage|
|Treasurer|- honorarium||5,000||5,000|5,000|Usage|
|Subscriptions|||1,375||1,375|2,995|Usage|
|Bank charges|||2,006||2,006|2,013|Usage|
|Currency|conversion|gains/(losses)|5,996||5,996|5,447|Usage|
|Audit fees||||3,500|3,500|3,500|Governance|
|Accountancy||||3,415|3,415|1,472|Governance|
|Legal and|professional|||||390|Governance|
||||14,377|6,915|21,292|21,210||
|Analysed|between|||||||
|Charitable|activities||14,377|6,915|21,292|21,210||
##
##
|Employment|costs|2021|2020|
|---|---|---|---|
||||5|
|Lancaster salaries||517,906|492,656|
|Bristol salaries||26,734|26,734|
|||544,640|519,390|
##
##
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||6|
||Gain/(loss)|on sale ofinvestments|295,488|260,665|
|11|Fixed asset investments||||
|11|Fixed asset inve|stmen|ts|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Listed|Unlisted|Cash in|Total|
|||||||investments|investments|portfolio||
|||||||6|6|||
||Cost or valuation|||||||||
||At 1 January 2021|||||2,114,815||66,689|2,181,504|
||Additions|||||909,761|||909,761|
||Valuation
changes|||||277,963|||277,963|
||Gain/(Loss)
on sale|||||17,526|||17,526|
||Cash movement|||||||12,341|12,341|
||Disposals|||||(660,307)|||(660,307)|
||At 31 December 2021|||||2,659,759||79,030|2,738,789|
||Carrying
amount|||||||||
||At 31 December 2021|||||2,659,759||79,030|2,738,789|
||At 31 December 2020|||||2,114,815||66,689|2,181,504|
|12|Financial
instruments|||||||2021|2020|
|||||||||6||
||Carrying
amount|offinancial|||assets|||||
||Debt instruments|measured||at amortised||cost||287,465|415,954|
||Equity instruments|measured|||at cost less|impairment||2,738,789|2,181,504|
||Carrying
amount|offinancial|||liabilities|||||
||Measured
at amortised||cost|||||63,988|147,857|
##
|13|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||Amounts
falling|due||within one year:||||6|6|
||Wiley-Blackwell|||||||277,116|405,428|
||Jstor|||||||10,349|10,526|
||V.A.Trepayment|||||||6,165||
||Prepayments|||||||4,766|4,742|
|||||||||298,396|420,696|
|14|Creditors: amounts|||falling due within one year||||||
|||||||||2021|2020|
|||||||||6|6|
||Trade creditors|||||||3,241|3,305|
||Sundry creditors|||||||1,054|1,196|
||V.A.Tcreditor||||||||59,521|
||Accruals|||||||59,693|83,835|
|||||||||63,988|147,857|
|15|Cash generated|from operations||||||2021f|2020
6|
||Surplus
for the year|||||||601,033|593,001|
||Adjustments
for:|||||||||
||Investment
income||recognised||in statement|offinancial|activities|(145)|(1,827)|
||(Gain)/loss
on disposal ofinvestments|||||||(17,526)|(16,224)|
||Fair value gains|on|investments|||||(277,963)|(244,441)|
||Movements
in working|||capital:||||||
||Decrease/(increase)||in debtors|||||122,300|(79,809)|
||(Decrease)/increase||in creditors|||||(83,869)|46,161|
||Cash generated|from operations||||||343,831|296,861|