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2020-12-31-accounts

FINANCIAL STATEMENTS FOR THE STATEMENTS FOR THE YEAR ENDED 31STDECEMBER 2020 YEAR ENDED 31STDECEMBER 2020 YEAR ENDED 31STDECEMBER 2020 YEAR ENDED 31STDECEMBER 2020
CONTENTS AND CHARITY INFORMATION
CONTENT S', PAGE:
Trustees' Report 1-2
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 6-11
TRUSTEES: F Slevin (Chair)
V Easlea
R Lamb
D Taylor
A Steger
A M Cartsvttght
B Omrani
M Skipper (appointed 10th March 2021)
SIbbotson (appointed 3rd May 2021)
CHARITY OFFICES.
'		 Ia StMartine House
Polygon Road
London
NWI IQB
CHARITY REGISTRATION NUMBER: 1179300
CIO NUMBER: CE014710
INDEPENDENT EXAMINER; Ian W Shipley FCCA
For and on behalf of:
Prentis Ik Co LLP
Chartered
Accountants		 &Independent Examiners
115cMilton Road
Cambridge
CB4 IXE
Lloyds Bank
Pall Mall
StJames Branch
8-10Waterloo Place
London
SWIY IBE
INVESTMENT MANAGERS: CCLA Investment Management
Senator House
85 Queen Victoria Street
London
EC4V 4ET

STATEMENT OF FINANCIAL A CTIVTIES
2020 2019
Note f.
INCOME
Subscriptions,
donations
and legacies
Charitable
Acnvities
Investment
Income		 58,879
66,065
26,713		 67,085
80,710
29,578
Reserves donated fiom
unincorporated
Society		 760,505
TOTAL INCOME 151,657 937,878
EXPENDITURE
Charitable
Activities		 159,182 198,033
TOTAL EXPENDITURE 159,182 198,033
NET (EXPENDITURE)/INCOME
GAINS ON INVESTMENTS		 BEFORE (7,525) 739,845
Net gains on investment
assets		 10 57,246 108,197
NET MOVEMENT IN FUNDS 49,721 848,042
RECONCILIATION
OF FUNDS
Total Funds brought
forward		 848,042
Total Funds carried forward 897,763 848,042
BALANCE SHEET
2020 2019
Notes
FIXED ASSETS
Library 8 I I
Tangible fixed assets 9 19,982 8,524
Investments~ASSETS 10 793,056
813,039		 810,810
819,335
Stock 11 1,033 1,080
Debtors 12 58,420 62,665
Cash at bank and in hand 64,590 2,679
124,043 66,424
LIABILITIES
Creditors
falling due witlun one year		 13 39,319 37,717
Net Current Assets 84,724 28,707
NET ASSETS 897,763 848,042
THE FUNDS OF THE CHARITY 16
Unrestricted
funds		 896,202 846,481
Designated
funds		 1,561 1,561
897,763 848,042

produce a Statement ofCash Flow s.
SUBSCRIPTIONS, DONATIONS AND LEGACIES 2020 2019
-Unrestricted 6
Grants 3,500 9,000
Subscriptions
Donations
and legacies		 48,294
7,085		 57,625
460
58,879 67,085
INCOME FROM CHARITABLE ACTIVITIES 2020 2019
- Unrestricted f,
Secretarial services 3,176 2,382
Lectures 90 908
Publications/royalties
Presentations
and events		 62,242
348		 60,604
14,564
Tours 1,900
Society shields/ties/notelets
Sale ofimages ofarchive material		 209 101
251
66,065 80,710

NOTES TO THE FINANCIAL
STATEMENTS		 THE FINANCIAL
STATEMENTS
4 INVESTMENT INCOME 2020 2019
Dividends
on listed investments		 26,707 29,577
Interest receivable
on cash deposits		 6 1
26,713 29,578
COST OF CHARITABLE ACTIVITIES 2020 2019
Lectures 500 3,674
Library services
Publications		 62
26,138		 327
23,942
Presentations
and events		 2,342 26,934
Ties/shields/notelets 128
Support costs (note 6) 130,140 143,028
159,182 198,033
6. SUPPORT COSTS
YEAR ENDED 31STDECEMBER 2020		 Cliaritable
Activities		 Governance 2020
Total
f,
Staff costs
IT support
and consumables
Cleaning
Rent, rates and utilities
Insurance
Repairs to property
Printing,
stationery,
postage
Other office costs
Telephone
Bank charges
Depreciation
Governance
(note 7)		 and advertising 62,137
10,815
1,350
33,545
2, 191
2,831
3,464
355
1,127
802
4,387		 7,136 62,137
10,815
1,350
33,545
2,191
2,831
3,464
355
1,127
802
4,387
7,136
123,004 7,136 130,140
SUPPORT COSTS
PERIOD ENDED 31STDECEMBER 2019		 Charitable
Activities		 Governance 2019
Total
f,
Staff costs
IT support
and consumables
Cleaning
Rent, tates and utilities
Insurance
Repairs to property
Printing,
stationery,
postage
Other office costs
Telephone
Bank charges
Depreciation
Governance
(note 7)		 and advertising 84,206
6,315
1,605
33,201
2,244
1,790
4,365
698
1,247
806
2,831		 3,720 84,206
6,315
1,605
33,201
2,244
1,790
4,365
698
1,247
806
2,831
3,720
139,308 3,720 143,028
E FINANCIAL
STATEMENTS		 E FINANCIAL
STATEMENTS
GOVERNANCE
COSTS		 2020 2019
Legal and professional costs 104
Independent
Examiners		 fee 1,824 1,800
Bookkeeping 5,312 1,816
7,136 3,720
Library assets have not been capitalised
other than their in
net book value off1.		 Library assets have not been capitalised
other than their in
net book value off1.		 clusion
in the balance s		 heet at a written
d		 own
TANGIBLE FIXEDASSETS OfFice
YEAR ENDED 31STDECEMBER 2020 Software Equipment Total
f
COST
Balance at 1stJanuary 2020 5,994 5,362 11,356
Additions 15,168 677 15,845
Balance at 31stDecember 2020 21,162 6,039 27,201
ACCUMULATED
DEPRECIATION
Balance at 1stJanuary 2020 1,499 1,333 2,832
Charge for the year 3,262 1,125 4,387
Balance at 31stDecember 2020 4,761 2,458 7,219
NET BOOK VALUE
At 31stDecember 2020 16,401 3,581 19,982
TANGIBLE FIXED ASSETS Oflice
PERIOD ENDED 31STDECEMBER 2019 Software Equipment
f.		 Total
f
COST
Additions 5,994 5,362 11,356
Balance at 31stDecember 2019 5,994 5,362 11,356
ACCUMULATED
DEPRECIATION
Charge for period 1,499 1,333 2,832
Balance at 31stDecember 2019 1,499 1,333 2,832
NET BOOK VALUE
At 31stDecember 2019 4,495 4,029 8,524
INVESTMENTS 2020 2019
Listed Investments
Market value at 1stJanuary 2020 810,810
Additions 723,950
Disposals (75,000) (21,337)
Net realised
investment
gain		 7,940 4,175
Net uurealised
investment		 gains 49,306 104,022
Market value at 31stDecember 2020 793,056 810,810

indirectly
on behalf ofthe S		 indirectly
on behalf ofthe S		 ociety.
The historical cost of listed investments is 6651,063 (2019:6706,789), The majority ofinvestment assets
are held in the UK and there are no restrictions on the realisation ofthese investments.
STOCK 2020 2019
Inventory 1,033 1,080
DEBTORS 2020 2019
Trade receivables 19,792 22,179
Other debtors 27,410 28,324
Prepayments 11,218 12,162
58,420 62,665
CREDITORS.'AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019
8
Social security and other taxes
Accruals
and deferred
income		 212
38,566		 1,723
35,768
Trade creditors 541 226
39,319 37,717

RESERVES
YEAR ENDED 3 1ST DECEEMBER 2020
Balance at Balance at
1st January 31st December
2020 Income Expenditure Gains Transfers 2020
Designated
Unrestricted		 1,561
846,481		 151,657 159,182 57,246 1,561
896,202
848,042 151,657 159,182 57,246 897,763
RESERVES
PERIOD ENDED 31STDECEMBER 2019
Balance at Balance at
10th January 31stDecember
2019
f.		 Income Expenditure
6		 Gains Transfers
f		 2019
6
Designated
Unrestricted		 937,878 198,033 108,197 1,561
(1,561)		 1,561
846,481
' 937,878 198,033 108,197 848,042
NOTES TO THE FINANCIAL STATEMENTS
15. NET ASSETSBYFUND 2020
f		 2019
Library I I
Tangible fixed assets
Investments		 19,982
793,056		 8,524
810,810
Current
assets		 124,043 66,424
Current
liabilities		 (39,319) (37,717)
Net Assets 897,763 848,042