|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|||||
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|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|
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|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|
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|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|