|Reports||
|---|---|
|Referenceandadministrativeinformation|3|
|Trustees'report|8|
|Independentauditor'sreport|11|
|FinancialStatements||
|Statementoffinancialactivities|16|
|Balancesheet|17|
|Statementofcashflows|18|
|Principalaccountingpolicies|19|
|Notestothefinancialstatements|22|
##
|Trustees|ProfessorPaulCartledge(from13June|
|---|---|
||2020)|
||ProfessorTimothyCornell|
||ProfessorRobertFowler(until13June|
||2020)|
||DrPhilipKay|
||MrPeterLennon|
||ProfessorRolandMayer|
||ProfessorJudithMossman(until13June|
||2020)|
||DrMargaretMountford|
|CompanySecretary|DrFionaHaarer|
|Principaloffice|SenateHouse|
||MaletStreet|
||London|
||WC1E7HU|
|Companyregistrationnumber|09212403|
|Charityregistrationnumber|1163798|
|Auditor|BuzzacottLLP|
||130WoodStreet|
||London|
||EC2V6DL|
|Bankers|NatWestBankplc|
||Bloomsbury,Parr'sBranch|
||POBox158|
||214HighHolborn|
||London|
||WC1V7BX|
|Investmentmanagers|NewtonInvestmentManagementLimited|
||BNYMellonCentre,160QueenVictoria|
||Street|
||London|
||EC4V4LA|
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||||||Unrestricted||Total|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|funds|Restricted|2019|
|||funds|funds|2020|restated|funds|restated|
||Notes|£|£|£|£|£|£|
|Incomefrom:||||||||
|Donations|1|49,015|30,398|79,413|107,480|29,068|136,548|
|Charitableactivities|2|251,160|-|251,160|342,734|—|342,734|
|Investmentincome||13,911|-|13,911|18,147||18,147|
|Totalincome||314,086|30,398|344,484|468,361|29,068|497,429|
|Expenditureon:||||||||
|Raisingfunds|3|9,841|-|9,841|24,168|-|24,168|
|Charitableactivities|4|276,062|22,278|298,340|302,028|18,733|320,761|
|Totalexpenditure||285,903|22,278|308,181|326,196|18,733|344,929|
|Netincomebeforetransfers||28,183|8,120|36,303|142,165|10,335|152,500|
|Transfersbetweenfunds|||-||4,811|(4,811)|—|
|Netincomebeforeinvestment(losses)||||||||
|gains|5|28,183|8,120|36,303|146,976|5,524|152,500|
|Net(losses)gainsoninvestments|8|(3,396)|-|(3,396)|78,531|-|78,531|
|Netincomeandmovementinfunds||24,787|8,120|32,907|225,507|5,524|231,031|
|Reconciliationoffunds:||||||||
|Totalfundsbroughtforward(asrestated||||||||
|—note16)|12|744,391|30,335|774,726|518,884|24,811|543,695|
|Totalfundscarriedforward|12|769,178|38,455|807,633|744,391|30,335|774,726|
|||||2019|2019|
|---|---|---|---|---|---|
||Notes|2020|2020|restated|restated|
|||`£`|`£`|`£`|`£`|
|Fixedassets||||||
|Investments|8||622,574||623,891|
|Currentassets||||||
|Debtors|9|36,251||16,121||
|Cashatbankandinhand||252,420||204,947||
|||288,671||221,068||
|Creditors:amountsfallingdue||||||
|withinoneyear|10|(103,612)||(70,233)||
|Netcurrentassets|||185,059||150,835|
|Totalnetassets|||807,633||774,726|
|Thefundsofthecharity:||||||
|Unrestrictedfunds|||769,178||744,391|
|Restrictedfund|11||38,455||30,335|
||12||807,633||774,726|
##
|||2020|2019|
|---|---|---|---|
||Notes|£|£|
|Cashflowsfromoperatingactivities:||||
|Netcashprovidedbyoperatingactivities|A|49,552|132,420|
|Cashflowsfrominvestingactivities:||||
|Purchaseofinvestments||(2,079)|(47,000)|
|Netcashusedininvestingactivities||(2,079)|(47,000)|
|Netincreaseincashandcashequivalents||47,473|85,420|
|Cashandcashequivalentsat1January|B|204,947|119,527|
|Cashandcashequivalentsat31December|B|252,420|204,947|
||2020|2019|
|---|---|---|
||£|£|
|Netincomefortheyear|32,907|231,031|
|Adjustmentsfor:|||
|Netloss(gain)oninvestments|3,396|(78,531)|
|(Increase)decreaseindebtors|(20,130)|5,945|
|Increase(decrease)increditors|33,379|(26,025)|
|Netcashprovidedbyoperatingactivities|49,552|132,420|
|B|Analysisofchangesincashandcashequivalents||||
|---|---|---|---|---|
|||2019|Cashflows|2020|
|||£|£|£|
||Cashatbankandinhand|204,947|47,473|252,420|
||Totalcashandcashequivalents|204,947|47,473|252,420|
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|Donations|||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds|2020|funds|funds|2019|
||£|£|£|£|£|£|
|Donations|42,356||42,356|95,862|-|95,862|
|Giftaidondonations|6,659|-|6,659|6,713|—|6,713|
|Fundraisingevents|—|—|—|4,905|—|4,905|
|Grants(note11)|—|30,398|30,398|-|29,068|29,068|
||49,015|30,398|79,413|107,480|29,068|136,548|
|Incomefromcharitable|activities||||||
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds|2020|funds|funds|2019|
||£|£|£|£|£|£|
|FeeschargedtoRoman|||||||
|andHellenicSocieties|249,180|-|249,180|339,985||339,985|
|Fines|384|-|384|609||609|
|Photocopying|132|-|132|274||274|
|Scanning|185|-|185|800|-|800|
|Postage|1,279|-|1,279|1,066|-|1,066|
||251,160||251,160|342,734||342,734|
|Expenditureonraising|funds||||||
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds|2020|funds|funds|2019|
||£|£|£|£|£|£|
|Fundraisingexpenses|1,261||1,261|4,310|-|4,310|
|Personnelcosts|8,580|-|8,580|19,148|-|19,148|
|Stationerysupplies|—|—|—|710|—|710|
||9,841||9,841|24,168||24,168|
##
##
|Expenditureoncharitableactivities|||
|---|---|---|
|||Total|
||Total|2019|
||2020|restated|
||`£`|£|
|Direct|||
|Librariancharges|226,997|247,783|
|Servicecharge|21,117|21,192|
|COACSprojects(CAfund)||4,097|
|Leventisscanneroperator|22,278|14,636|
|Support|||
|Personnelcosts|8,580|19,148|
|Printingandstationery|162|327|
|Postage|1,660|3,100|
|Computerexpenses||2,810|
|Bankcharges|557|576|
|Otherexpenses|42|58|
|Bookkeeping(SPHS)|2,378|1,138|
|Bookkeeping(SPRS)|4,735|886|
|Governance:|||
|.Auditor'sremuneration(note5)|7,005|3,800|
|.Bookkeeping|2,829|1,210|
||298,340|320,761|
##
|Netincomebeforeinvestment(losses)gains|||
|---|---|---|
||Total|Total|
||2020|2019|
||`£`|`£`|
|Thisisstatedaftercharging:|||
|Auditor'sremuneration|||
|.Currentyear|5,805|5,750|
|Prioryearoveraccrual||(1,950)|
|.Taxationservices|1,200||
|Staffcostsandremunerationofkeymanagementpersonnel|||
||Total|Total|
||2020|2019|
||£||
|Thetotalstaffcostswereasfollows:|||
|Salaries|15,696|26,390|
|Socialsecuritycosts|1,578|2,985|
|Pensioncosts|2,715|4,786|
||19,989|34,161|
|Noemployeeearnedmorethan£60,000perannum(2019—none).|||
||2020|2019|
||No.|No.|
##
||Total|Total|
|---|---|---|
||2020|2019|
||`£`|`£`|
|HARLstaffcosts(rechargedfromRomanSociety)|17,160|32,951|
|HARLbookkeepingcosts|2,829|1,210|
||19,989|34,161|
|AccordingtothelatestactuarialvaluationoftheUSS,adefinedbenefitmulti-employerscheme,asat|||
|31March2018theUSS'assetsweresufficienttocover95%ofitsliabilitiesatthatdate.Followingthis|||
|valuation,thestandardcontributionratebornebytheemployerincreasedfrom18%to19.5%from1|||
|April2019,to21.1%from1October2019andisexpectedto|increaseto23.7%from1October2021.||
|Keymanagementpersonnelofthecharitycomprisesoftrustees.Trusteesarenotremunerated.Two|||
|trusteeswerereimbursedexpensesof£158(2019—twotrusteeswerereimbursed£1,135).|||
|Taxation|||
|HARLisaUKregisteredcharityand,therefore,isnotliabletoincometaxorcorporationtaxonincome|||
|derivedfromitscharitableactivities,asitfallswithinthevariousexemptionsavailabletoregistered|||
|charities.|||
|Investments|||
||2020|2019|
||`£`|£|
|Themovementofinvestmentsisrepresentedby:|||
|Marketvalueat1January|623,891|498,360|
|Additions|2,079|47,000|
|Totalunrealisedinvestment(losses)gains|(3,396)|78,531|
|Marketvalueat31December|622,574|623,891|
|Marketvalueat31Decemberisrepresentedby:|||
|BNYMFMLtdNewtonGrowthInc.Fund|622,574|623,891|
|Historicalcostat31December|557,842|555,763|
##
##
||2020|2019|
|---|---|---|
||£|£|
|Reconciliationofmovementsinunrealisedgains:|||
|Totalunrealisedlossesat1January|68,128|(10,403)|
|Add:(losses)gainsarisingonrevaluationsintheyear|(3,396)|78,531|
|Totalunrealisedgainsat31December|64,732|68,128|
##
|Debtors|||
|---|---|---|
|||Total|
||Total|2019|
||2020|restated|
||£|£|
|Tradedebtors|—|1,132|
|DuefromtheSocietyforthePromotionofRomanStudies|26,864|8,214|
|Prepaymentsandaccruedincome|9,387|6,775|
||36,251|16,121|
##
|Creditors:amountsfallingduewithinoneyear|||
|---|---|---|
|||Total|
||Total|2019|
||2020|restated|
||£|£|
|Tradecreditors|50,453|3,066|
|Taxandsocialsecuritycreditor|13,582|21,912|
|DuetotheSocietyforthePromotionofHellenicStudies|22,066|5,949|
|Accruals|17,511|39,306|
||103,612|70,233|
##
##
|Restrictedfunds||||||
|---|---|---|---|---|---|
||||||Balance|
||Balanceat||||at31|
||1January||||December|
||2020|Income|Expenditure|Transfers|2020|
||`£`|`£`|
`£`|`£`|`£`|
|ClassicalAssociationFund|15,903||||15,903|
|LeventisScannerOperatorFund|14,432|30,398|(22,278)||22,552|
||30,335|30,398|(22,278)||38,455|
||||||Balance|
||Balanceat||||at31|
||1January||||December|
||2019|Income|Expenditure|Transfers|2019|
||`£`|`£`|
`£`|`£`|`£`|
|ClassicalAssociationFund|20,000|-|(4,097)||15,903|
|LibrarySpecialBookFund|4,811|—|—|(4,811)||
|LeventisScannerOperatorFund|—|29,068|(14,636)||14,432|
||24,811|29,068|(18,733)|(4,811)|30,335|
##
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##
|||||Unrestricted||Total|
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|funds|Restricted|2019|
||funds|funds|2020|restated|funds|restated|
||£|£|£|£|£|£|
|Fixedassetinvestments|622,574|-|622,574|623,891|-|623,891|
|Currentassets|250,216|38,455|288,671|190,733|30,335|221,068|
|Currentliabilities|(103,612)|-|(103,612)|(70,233)|-|(70,233)|
|Netassets|||||||
|at31December|769,178|38,455|807,633|744,391|30,335|774,726|
##
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##
||At31December2019|At31December2019|At31December2019|
|---|---|---|---|
||As|||
||previously|||
||reported|Adjustment|Asrestated|
|Changestothebalancesheet|`£`|`£`|`£`|
|Investments|623,891|-|623,891|
|Debtors|7,907|8,214|16,121|
|Cashatbankandinhand|204,947|—|204,947|
|Creditorsduewithinoneyear|(100,236)|30,003|(70,233)|
|Netassets|736,509|38,217|774,726|
|Funds:||||
|Unrestrictedfund|706,174|38,217|744,391|
|Restrictedfunds|30,335|-|30,335|
|Totalfunds|736,509|38,217|774,726|
||Yearto31December||2019|
||As|||
||previously|||
||reported|Adjustment|Asrestated|
|Changestothestatementoffinancialactivities|£|£|£|
|Income|497,429|—|497,429|
|Expenditure|(383,146)|38,217|(344,929)|
|Gainsoninvestments|78,531|-|78,531|
|Netmovementinfunds|192,814|38,217|231,031|