SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
REGISTERED CHARITY No : 1182569
Financial Statements
For The Year Ended
31st March 2021
SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
REPORT FOR THE YEAR ENDED 31 MARCH 2021
The Executive Committee present their Report for the year ended 31 March 2021
Objects, Organisation and Activities
The Charity is established to promote the education of the public within its area by the study and recording of local history, archaeology, industrial archaeology, topography, architecture, dialect, manners, customs and other similar objects of local interest.
Review of Progress and Achievements
We have lived through unprecedented times the study of which will provide fruitful material for historians for many years to come. The COVID-19 pandemic has changed so much that we previously took for granted. The worlds of work and recreation have changed enourmously in a very short period of time. Only time will tell how many of these changes remain permanent. As is often at this time we find ourselves reflecting on friends we have lost. We sadly lost a former chairman of the Society in 2021. Chris Lester was a force of nature and we were fortunate that he applied his energy and vigour to improving the understanding of the local and industrial history of Lincolnshire. We must also record our regret at the loss of Kathleen Jefferson, another leading member of the Society. The good news is that the SLHA has continued to thrive. The number of people interested in the history of their area seems to continue to grow and this interest continues to be supported by widespread coverage of the subjects we all hold dear on television and radio. It is certainly true to say that the world of archaeology, work largely undertaken in response to development, has remained incredibly busy. The Society's membership number remains high, which is both very pleasing ans encouraging. Over the period since our last AGM we have continued to be active. Following our tentative first steps into the world of Zoom our online talks have been very well supported. We have covered all sorts of subjects so far and I hope the variety of subject matter will continue to attract the large audiences we have had to date. For the more adventurous Ken Hollamby organised a highly successful tour of Hampshire which had to take place later in the year than planned. The Jews' Court Bookshop has re-opened for limited hours and this is proving to be very successful. I am grateful to Nic and Eva Moore and all the volunteers who support them for enabling this to happen. I am very pleased to say we have been fortunate enough to have Ursula Lidbetter, Chief Executive of Lincolnshire Co-op join the Society as its Patron. Ursula is a passionate advocate for all things Lincolnshire and will be a great addition to the Society. We also have a new President, Naomi Field, who is already getting her teeth stuck into thorny issues of the Society. The new chair of the Trustees, Steve Stefaniuk, is already proving to be a great asset to the Society too. As I have mentioned in the Society newsletters over the past year there is always the need to find more volunteers to help run the Society. That said, the Society is well placed to emerge from the pandemic in fine fettle. We have seen great steps forward in terms of the Society's internal structures and carving out new ways of working which will bring greater efficiancies. There is more to be done but the Society is positioning itself well to address the chalanges it faces.
Finances
Given the unprecedented circumstances during this year, the final accounts showed a surplus of £2,343. I have to thank our Secretary, Kathy Holland, for her help in both increasing income from subscriptions and reducing overall expenditure.
Income from subscriptions showed an increase of 15% over the previous year. Gift Aid refunds increased by 8%, and donations and grants almost doubled.
The closure of the Jews’ Court Bookshop (Lincolnshire Heritage Ltd) for most of the year greatly reduced our major source of income. Income almost halved, a reduction of £9,400. The loss would have been considerably greater without a government grant of £10,000.
Administration costs were reduced by £13,000 (29%).
A stock write-off led to the increased costs for the History of Lincolnshire Committee.
The Charity's bankers are CAF Bank. Funds are also held in a COIF Charities Deposit Fund, the National Westminster Bank and the Skipton Building Society.
The Independent Examiner is Mr T Holleran of Holleran Accountancy, Lincoln.
Ian George On behalf of the Executive Committee
Dated : 23 October 2021
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SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2021
|INCOME :
NOTES
Fees and Subscriptions
Lincolnshire Heritage Ltd (Jews' Court Bookshop)
Gift Aid Refunds
Donations / Grants
Events
History of Lincolnshire Committee
Sleaford History
Deposit Interest
Sundries
TOTAL INCOME
EXPENDITURE
Fees and Subscriptions
Awards / Grants
Publication Costs
Events
Administration -- Wages
Administration -- Others
Independent Examiners Fee
Light and Heat
Sleaford History
Legal Fees
Insurance
Depreciation
Sundries
TOTAL EXPENDITURE
NET INCOME FOR THE YEAR|31/03/21
|
|
£
|
|
21,144 |
12,569 |
1,695 |
5,160 |
762 |
1,423 |
0 |
251 |
3,891
|
|
46,895
|
|
|
|
140 |
200 |
7,447 |
1,021 |
13,527 |
11,558 |
300 |
3,327 |
0 |
0 |
1,409 |
1,491 |
4,092
|
|
44,512 |
|
2,383 ||31/03/20
£
18,356
21,960
1,569
2,620
13,145
457
0
981
2,797
61,885
371
214
8,752
10,611
18,082
15,497
300
2,986
0
2,735
2,367
4,054
1,161
67,130|31/03/20
£
18,356
21,960
1,569
2,620
13,145
457
0
981
2,797
61,885
371
214
8,752
10,611
18,082
15,497
300
2,986
0
2,735
2,367
4,054
1,161
67,130|
|---|---|---|---|
||||371
214
8,752
10,611
18,082
15,497
300
2,986
0
2,735
2,367
4,054
1,161
67,130|
||||(5,245)|
The notes on Pages 4 to 5 form part of these accounts
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SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
BALANCE SHEET AS AT 31 MARCH 2021
|||31/03/21|||||31/03/20|31/03/20|| |---|---|---|---|---|---|---|---|---| ||NOTES|£|£|||£||£|| ||||||||||| |FIXED ASSETS|2||3,492|||||4,983|| ||||||||||| |CURRENT ASSETS|||||||||| ||||||||||| |Sleaford History Group||859|||||859||| |COIF Account||96,253||||96,138|||| |CAF Current Account||42,198||||25,868|||| |Nat West Current Account ( HOL )||4,219||||5,885|||| |Skipton Building Society ( HOL )||38,319||||38,182|||| |Petty Cash||71|||||71||| |Petty Cash ( Sleaford History )||10|||||10||| |Paypal||0|||||0||| |Stock||0|||||0||| |Stock ( HOL )||86||||1,562|||| |Debtors||18,527||||28,892|||| |Prepayments||1,465|202,007||||521|197,988|| ||||||||||| ||||205,499|||||202,971|| ||||||||||| |CURRENT LIABILITIES|||||||||| ||||||||||| |Receipts in Advance||0|||||776||| |Creditors||3,000|3,000|||1,717||2,493|| ||||||||||| |NET ASSETS|3||202,499|||||200,478|| ||||||||||| ||||||||||| |REPRESENTED BY :|||||||||| ||||||||||| |ACCUMULATED FUND B / FORWARD|||163,861|||||169,105|| ||||||||||| |Transferred to Earmarked Reserves|||(4,000)||||||0| ||||||||||| |EARMARKED RESERVES|||||||||| |EMIAC||0 |||||0 ||| |Winding Up Reserve||10,000||||10,000|||| |Buildings Reserve||26,516||||22,516|||| |Brian Dawson Legacy||3,739|40,255|||4,101||36,617|| ||||||||||| |Plus : Excess Income over Expenditure|||2,383|||||(5,244)|| ||||||||||| |ACCUMULATED FUND C / FORWARD|||202,499|||||200,478||
The notes on Pages 4 to 5 form part of these accounts
I approve these accounts and confirm that I have made available all relevant records and information
Approved : C Hewis ACMA Dated : 06 July 2021
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SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 ACCOUNTING POLICIES
a ) Basis of accounting
These financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.
b ) Subscriptions
Subscriptions are included in the year in which they are received.
c ) Depreciation
Depreciation is calculated to write off the cost of tangible fixed assets over their useful lives to the business. The annual depreciation rates and methods are as follows :
Office Equipment 20% Straight Line Buildings 4% Straight Line
d ) Repairs and Renewals
Repairs and renewals are charged in the profit and loss account when the liability is incurred.
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SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2 FIXED ASSETS
| 2 | FIXED ASSETS | |||
|---|---|---|---|---|
| Office | ||||
| Building | Equipment | TOTAL | ||
| £ | £ | £ | ||
| Cost : | ||||
| 01.04.20 | 4,186 | 21,439 | 25,625 | |
| Additions | 0 | 0 | 0 | |
| 4,186 | 21,439 | 25,625 | ||
| Depreciation : | ||||
| 01.04.20 | 527 | 20,115 | 20,642 | |
| Charge for period | 167 | 1,324 | 1,491 | |
| 694 | 21,439 | 22,133 | ||
| NET BOOK VALUE AT 31.03.21 | 3,492 | 0 | 3,492 | |
| NET BOOK VALUE AT 31.03.20 | 3,659 | 1,324 | 4,983 | |
| 3 | EMPLOYEES RENUMERATION | |||
| 31.03.21 | 31.03.20 | |||
| £ | £ | |||
| Total Wages | 13,527 | 18,082 |
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SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
INDEPENDENT EXAMINER' S REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF THE SOCIETY FOR LINCOLNSHIRE HISTORY AND ARCHAEOLOGY
I report on the accounts of the Trust for the year ended 31 March 2021, set out on Pages 2 - 5
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the Charity' s Trustees you are responsible for the preparation of the accounts, and you consider that that the audit requirement of Section 144 of the Charities Act 2011 ( the Act ) does not apply. It is my responsibility to examine the accounts ( under Section 145 of the Act ), and to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 145 ( 5 ) ( b ) of the Act, whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER' S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention :
- ( 1 ) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with Section 130 of the Act : and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met : or
- ( 2 ) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
T D Holleran
Dated : 12 September 2021
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