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2026-04-30-accounts

REGISTERED CHARITY NUMBER: 1195000

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 21

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

The Trustees present their report with the financial statements of the charity for the year ended 30 April 2026. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Leicestershire Archaeological and Historical Society ("the Society") has referred to the Charity Commission's guidance on public benefit when reviewing its aims and objectives and in planning its future activities. In particular, the Board of Trustees has considered how the Society's activities have and will continue to deliver the aims and objectives they have set. The objectives and aims of the Society are as follows:

"To promote the study of the history, archaeology, antiquities, and architecture of the counties of Leicestershire and Rutland and to furnish suggestions for the preservation of all past remains considered by the Management Committee to be of value and importance."

The Trustees are satisfied that the Society's aim and objectives continue to be met; local studies have been promoted and encouraged and the results of research has been disseminated widely through lectures and publications, for the public benefit. The Trustees undertook a whole-membership survey at the end of 2025, to ensure our members are well served, too. The Society organises a biennial History Fair, committed to outreach and inclusion with a broad range of activities for the public. The Society's reach has continued to grow within and beyond Leicestershire and Rutland with attendance at online lectures from an international audience.

Risk management statement

Although the Society is a smaller charity with gross income below the statutory audit threshold (£250,000) the Charities Commission encourage the Trustees to make a Risk Management Statement as a matter of good practice. Following the Charities Commission document, "Charities and risk management (CC26)" the Trustees note that:

The Society carries out low risk activities in a low-risk environment. Our Trustees have relevant experience in the activities which the Society carries out to further its objectives and aims, and give freely and generously of their time. Rules setting out conflicts of interests and payment of expenses to Trustees are set out in the Society's Constitution. The activities of the Society are incidental to, not central to, the welfare of beneficiaries. The Society has not, and does not, enter into material long term contracts. It has no staff, and pays no remuneration. Financial and physical assets are held by third parties and subject to access controls. Financial information and cash flow is sufficient, reserves are substantial; the Society's reserves and investment management policies are set out in the Trustees' Report. The Society has many individual members, with whom it frequently engages, and is not dependent on a limited body of donors. The Society seeks, and heeds third party advice where appropriate, with respect to legal and accounting matters. The Society holds both Directors' and Officers' and Public Liability Insurance. We do not work with children or vulnerable adults; we are not providing social services or support to any identified group at risk, although we may come into contact with them. The Society's policies, together with a copy of our Constitution and Rule Book, are available at our website, lahs.org.uk.

Page 1

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

ACHIEVEMENTS AND PERFORMANCE

Lecture Series

The Society holds a series of lectures at De Montfort University (whilst Leicester Museum and Art Gallery, New Walk, remains closed). The lectures are free for Society members and to members of the public.

Lecture series from 1 May 2025 to 30 April 2026:

Date Title Lecturer Institution
22/05/2025 The Pilgrim's Way(Held at Gaulby Parish Church) Mike Burton Author
25/09/2025 The John Scarborough Lecture: The Medieval Jewish Dr Dean Irwin University of Lincoln
Communities of the East Midlands
16/10/2025 Edwardian Leicester Cynthia Brown Social Historian,
Author and LAHS
Newsletter Editor
13/11/2025 The Small Towns of Roman Leicestershire and Rutland Pete Liddle Former County
Archaeologist;
Leicestershire
Fieldworkers
11/12/2025 The Beaumanor Coach and its Restoration Amy Bracey Project Curator and
Trustee, The
Carriage Foundation
22/01/2026 30 Years of British Comedy Geoff Rowe Founder of the
Leicester Comedy
Festival
12/02/2026 Members' EveningExtraordinary Luminaries of Coalville Emeritus Professor University of
& DistrictIn the Footsteps of the Loyal and True - Holy Jeffrey Knight & Dr Leicester
Trinity Church Memorial Tablet Jennifer Wilkinson
12/03/2026 The Alan and Joan North Lecture: Emperor Septimius Dr Simon Elliott Historian, Author and
Severus and Roman Leicester's links to North Tour Guide
Africa(Held at the Jewry Wall Museum)
23/04/2026 Axeheads and outcrops: finding the source of Group XX Dr Jonny Graham University of
Neolithic stone axeheads in Charnwood Forest Leicester
14/05/2026 Bronze Age metals and metalworking from Leicestershire Dr Rachel Crellin University of
Leicester

Page 2

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

ACHIEVEMENTS AND PERFORMANCE Funds, Grants and Prizes Research Fund

The Research Fund continues the work of the Leicestershire Archaeological Research Fund Charity which was wound up in 2021. The Fund invites applications for small grants to research projects that are aligned with the overall aims of the Society, to promote, understand and protect the archaeology and history of Leicestershire and Rutland. The Fund attracts a wide range of applications which are considered twice yearly.

An award of £800 was disbursed in the last financial year (2024-25) but was carried forward in the accounts to be treated as a current year (2025-26) grant:

Applicant Project Amount
Susan Barton Ski Stories £800
Total £800

Awards totalling £3,500 were disbursed in the next financial year (2026-27) but were carried back in the accounts to be treated as current year (2025-26) grants:

Applicant Project Amount
Dr Pam Fisher Leicestershire VCH Trust £2,500
Dr Simon Chenery Ice Age Insights £1,000
Total £3,500

Public Heritage Fund

The Society's Public Heritage Fund was established 'to provide grants to history and heritage societies within Leicestershire and Rutland which will enable them to engage with, and display their research to, the general public'.

Awards totalling £2,912 were disbursed in the last financial year (2024-25) but were carried forward in the accounts to be treated as current year (2025-26) grants:

Applicant Project Amount
Geoff Rowe Leicester Comedy Archive £1,656
Dr Rosemary Sweet Digital Mapping £1,256
Total £2,912
Awards totalling £1,557 were disbursed in the financial year:
Applicant Project Amount
Shaun Knapp Social Gallery Podcast £557
Jim Butler Siege of Leicester 1645 Event £1,000
Total £1,557

Page 3

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

ACHIEVEMENTS AND PERFORMANCE

Acquisitions Fund

Our Acquisitions Fund was established with the aim of assisting local museums and the Leicestershire, Leicester and Rutland Records Office with the purchase of objects with significance to the county so that they be retained and displayed for public benefit.

No awards were disbursed in the financial year; during the financial year the Society has committed to a payment of £5,000 to the Leicestershire Torc appeal. Payment to the appeal fund will be made in the Society's 2026-27 financial year.

Funds & Grants Summary

Total Funds awarded in the accounts for the current (2025-26) financial year:

Public Heritage Fund £2,912 + £1,557 = £4,469

Acquisitions Fund £5,000

Research Fund £800 + £3,500 = £4,300

Total Funds recognised as awarded in the accounts for the current (2025-26) financial year £13,769

Total Funds physically disbursed as cash in the current (2025-26) financial year = £1,557.

Prizes

The Society offers four annual prizes for dissertations at both Batchelor and Masters, to encourage and reward students undertaking research into the history, archaeology and heritage of Leicestershire and Rutland. Each prize winner is awarded £250 and the opportunity for publication in the Leicestershire Historian and presentation at the annual members' evening.

No awards were disbursed in the financial year.

Page 4

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

ACHIEVEMENTS AND PERFORMANCE Publications

Newsletter

The Society published several editions of an illustrated Newsletter, the content aiming to keep the membership informed of any developments in local archaeological and historical research, of events and publications that might be of interest.

The Leicestershire Historian

The Society published the Leicestershire Historian (Volume 61, 2025), an annual volume containing articles, reviews, and shorter contributions of more general historical interest.

Leicestershire History magazine

In July 2025 the Society began publishing a new 52-page full colour magazine about the many events, objects, people and places from the city and county's fascinating past.

Two issues have been published during the financial year; a third issue will be published in July 2026. Each issue retails at £5.99, and subscription stands at 320 (301 print, 19 online only).

In addition to subscription sales, it also retails throughout the city and county at council-run and independent museums. At time of writing, almost all copies of issue 1 on sale in museums had sold out and issue 2 was on track to be equally successful. By combining subscription numbers, museum sales and LAHS members who receive the digital version for free, we estimate that readership could be close to 1,000 people. If we factor in even a conservative 'pass along rate' (the secondary audience of household members or friends who reads it after the subscriber/purchaser has finished with it) then readership could be at - or even slightly over - 1,000 people.

Feedback on the first two issue has been very positive, with particular praise being given to the range and quality of its articles and the engaging layout design.

Transactions

The Society published its annual volume 'Transactions of the Leicestershire Archaeological and Historical Society' (Transactions 98, 30 September 2025) which contains a wide range of academic articles on both historical and archaeological topics; reviews of recent publications relevant to the aims of the Society; obituaries and extensive notes of recent archaeological discoveries in Archaeology in Leicestershire and Rutland.

Social media

Our social media presence is most prominent on Facebook, though we are also active on Instagram to a lesser extent. Between 1 April 2025 and 31 March 2026, engagement on our Facebook page comprised 626,358 views, 5,816 reactions, 446 comments and 601 shares, which was 369% up on the previous year.

We gained 365 new followers, which was an increase of 11.6% from the previous year.

In total, 3,709 people now follow our page.

Membership

Page 5

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

ACHIEVEMENTS AND PERFORMANCE

The Society had 382 members at the beginning of the financial year. We welcomed 37 new members. 41 members left (resigned, deceased, or were removed from the membership list) and, at the end of the financial year, we had 378 members. Committee

The Officers of the Society and the Members of the Management Committee, with their dates of service, are set out below.

Library

Although some members visited to borrow material and to carry out research, there were more visits from non-members as the Library or Jury Room is now firmly fixed as a place to see for guided tours of the Guildhall. It is good to report that the guide always gives credit to the Society for saving the building years ago and says how good the Library is. The Librarian was able to point out the "reversed" graffiti scratched on some of the window glass.

There is a fruitful arrangement of mutual benefit between the Library and the Reviews Editor of the 'Leicestershire Historian.' Enquiries have been received from outside the Society. Reports continue to be made to the Newsletter.

LAHS History Fair

The Society's biennial History Fair was held at Oakham Castle on 5 July 2025, bringing together local history and heritage societies, expert speakers and Roman, Medieval, Stuart and WW2 living history and re-enactment. The event was free for all visitors. The event was split over two venues; half of the heritage stalls were based in the Great Hall at Oakham Castle with the rest of the stalls, and the venue for the speaker events, based at Rutland County Museum, a five-minute walk away. The re-enactors and living history events were held in the Castle Bailey. We recorded a total of 1,394 visitors at the Museum (391) and Castle (1,003); that number did not include attendees on the Castle Bailey or in Oakham generally. The feedback was very positive, and planning has already started for the next biennial History Fair, to be held on Sunday 5 July 2027.

FINANCIAL REVIEW

Financial position

The results for the year show total income of £74,577. This amount was received as Unrestricted Funds. The total resources expended in the year amounted to £57,324.

As at 30th April 2026 the investment portfolio was valued. This valuation showed a gain of £139,007 which has been recognised in the accounts within net gains/(losses) on investments.

Overall, the Society's position is sound. Members should note that the Society's investment portfolio will move with the market and further volatility is likely. In addition to the invested funds, the Society holds funds as cash at bank equal to approximately two year's income or expenditure. As at 30 April 2026 this amounted to £135,543, including £52,088 in a 90-day high interest account.

Reserves policy

The trustees have reviewed the reserves policy of the charity in the light of present known current or future likely financial requirements. The Leicestershire Archaeological and Historical Society Reserve Fund will be maintained at a level where the investments will generate income in excess of £30,000 per annum to provide for acquisitions, research, publications, and other necessary costs. In the current year the investments generated a gross income of £50,082 before fees and costs.

Page 6

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

FUTURE PLANS

The intention of the Trustees is to continue to deliver the aims and objectives of the Society through encouraging participation and delivering events and publications to the public.

The Society will promote the study of the history, archaeology, antiquities, and architecture of the counties of Leicestershire and Rutland through:

The Society will seek the preservation of all past remains considered by the Management Committee to be of value and importance through maintaining and publicising the Society's three grant schemes for Research, Public Heritage, and Acquisitions.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Society is a Charitable Incorporated Organisation ("CIO"). The Society's Constitution and Rule Book are available at our website, lahs.org.uk.

Organisational structure

The Management Committee (the "Committee") comprises not less than seven and not more than twenty persons and consist of the Chair, Secretary and Treasurer of the Society and other committee members as appointed at the Annual General Meeting. The Committee meets on a regular basis and is responsible for the overall policy of the charity, and matters relating to finance.

All members of the Committee retire with effect from the conclusion of the Annual General Meeting but are eligible for re-election at that meeting.

Related parties

Details of related parties and transactions with them are given in the notes to the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1195000

Principal address

The Guildhall Guildhall lane Leicester LE1 5FQ

Page 7

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

Trustees

Mr Matt Beamish Dr Deirdre O'Sullivan Dr Wendy Scott Ms Helen Sharp Prof Elizabeth Tingle Mr Robin Jenkins

Chair (resigned 12/05/2025) Chair (from 17/09/2025)

President

Dr Richard Buckley

Honorary Life Vice-President Prof. Michael Wood

Vice Presidents

Mr Lars Tharp Squire de Lisle Dr David L Wykes Dr Patrick Clay Mr Robert (Fred) Hartley Mr Peter Liddle Mr Ned Newitt Ms Vicki Score Professor Joanna Story Mrs Caroline Wessel

Management Committee

Mr Matt Beamish Chair (resigned 12/05/2025) Professor Elizabeth Tingle Chair (from 17/09/2025) Mr Jim Butler Honorary Secretary Ms Gillian Rawlins Honorary Membership & Website Secretary (resigned 07/06/2025) Miss Charlotte Wilson Honorary Membership & Website Secretary (from 14/10/2025) Mrs Rebecca Hale Honorary Lecture Secretary (from 20/08/2025) Mr Simon Atkins Honorary Treasurer Mr John Thomas Honorary Co-Editor, Transactions Mr Thomas Vare Honorary Co-Editor, Transactions (from 06/11/2025) Ms Joyce Lee Honorary Editor, Leicestershire Historian (to 14/11/2024) Professor Elizabeth Tingle Interim Honorary Editor, Leicestershire Historian Mrs Cynthia Brown Honorary Editor, Newsletter and Reviews Honorary Editor, Leicestershire History Magazine &Honorary Social Mr Joe Hall Media Editor Mr Aubrey Stevenson Honorary Librarian Ms Helen Sharp Public Heritage Fund Dr Wendy Scott Acquisitions Fund Dr Deirdre O'Sullivan Research Fund Ms Julie Attard Research Fund Mr Robin Jenkins Mrs Caroline Wessel Dr David L Wykes

Page 8

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2026

Mr Steve Marquis (from 01/01/2026)
Independent Examiner
Mr Phillip Bott FCA BSc (Hons)
Mark J Rees LLP Chartered Accountants
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU
Bankers
National Westminster Bank plc
7 Hinckley Road
Leicester
LE3 0TQ
Solicitors
Josiah Hinks Solicitors
The Manse, 22 De Montfort Street
Leicester
LE1 7GB
Investment Managers
Charles Stanley
St George Street
Leicester
LE1 1QG

Approved by order of the board of trustees on 9 July 2026 and signed on its behalf by:

Prof E Tingle - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

Independent examiner's report to the trustees of Leicestershire Archaeological and Historical Society

I report to the charity trustees on my examination of the accounts of Leicestershire Archaeological and Historical Society (the Trust) for the year ended 30 April 2026.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Use of our report

This report is made solely to the charitable society's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed.

Mr Phillip Bott FCA BSc (Hons) The Institute of Chartered Accountants in England and Wales

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

13 July 2026

Page 10

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2026

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Promoting the study of history and archaeology
Other
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
16,948
5,923
51,706
74,577
44,498
12,826
57,324
139,007
156,260
1,113,571
1,269,831		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-		 2026
Total
funds
£
16,948
5,923
51,706
74,577
44,498
12,826
57,324
139,007
156,260
1,113,571
1,269,831		 2025
Total
funds
£
12,910
136
43,100
56,146
22,881
15,211
38,092
20,782
38,836
1,074,735
1,113,571

The notes form part of these financial statements

Page 11

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

BALANCE SHEET 30 APRIL 2026

Notes
FIXED ASSETS
Heritage assets
9
Investments
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS		 Unrestricted
funds
£
54,130
1,101,195
1,155,325
6,706
640
135,543
142,889
(28,383)
114,506
1,269,831
1,269,831		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-		 2026
Total
funds
£
54,130
1,101,195
1,155,325
6,706
640
135,543
142,889
(28,383)
114,506
1,269,831
1,269,831		 2025
Total
funds
£
54,130
962,188
1,016,318
6,706
8,888
91,815
107,409
(10,156)
97,253
1,113,571
1,113,571

The notes form part of these financial statements

continued...

Page 12

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

BALANCE SHEET - continued 30 APRIL 2026

FUNDS
14
Unrestricted funds:
General fund
Designated Fund - Scarborough Legacy
Designated Fund - Project Funding
Designated Fund - Heritage Assets
TOTAL FUNDS		 288,632
867,069
60,000
54,130
1,269,831
1,269,831		 132,372
867,069
60,000
54,130
1,113,571
1,113,571

The financial statements were approved by the Board of Trustees and authorised for issue on 9 July 2026 and were signed on its behalf by:

Prof E Tingle - Trustee

Mr R Jenkins - Trustee

The notes form part of these financial statements

Page 13

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. For legacies, the entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Heritage assets

Works of art and other valuable artefacts (heritage assets) have been capitalised and recognised at the cost or value of the acquisition, where such a cost or valuation is reasonably obtainable.

Heritage assets are not depreciated since their long economic life and high residual value mean that any depreciation would not be material.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 14

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed asset investments

Fixed asset investments are stated at their fair value at the balance sheet date. Their original cost is shown as a note.

All gains and losses on revaluations and disposals are taken to the Income and Expenditure account.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Significant judgements and estimates

There were no areas in which the preparation of the financial statements required to make significant judgements or estimates.

Going concern

The trustees have assessed the charity’s financial position and future forecasts and are satisfied that it has sufficient resources to continue operating for at least 12 months from the date of approval. Accordingly, the financial statements have been prepared on a going concern basis.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2026 2025
£ £
Shop income 5,923 136

Page 15

continued...

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

3.
INVESTMENT INCOME
2026
£
Income from investment
50,082
Deposit account interest
1,624
51,706
4.
CHARITABLE ACTIVITIES COSTS
Direct
Grant
Costs (see
funding of
note 5)
activities
£
£
Promoting the study of history and
archaeology
30,729
13,769
5.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2026
£
Lecture expenses
2,240
Library purchases
78
Insurance
1,277
Cost of literature
19,448
Subscriptions
424
Rent and administrative expenses
3,270
Service level agreements
(6,000)
History fair expenditure
9,992
30,729		 2025
£
41,187
1,913
43,100
Totals
£
44,498
2025
£
(1,341)
61
1,237
4,762
253
3,834
-
-
8,806

Page 16

continued...

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

6. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Other resources expended 12,826

Included within other resources expended is independent examiners remuneration of £3,969 (2025: £3,931).

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2026 nor for the year ended 30 April 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2026 nor for the year ended 30 April 2025.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Promoting the study of history and archaeology
Other
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
funds
£
12,910
136
43,100
56,146
22,881
15,211
38,092
20,782
38,836
1,074,735		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
12,910
136
43,100
56,146
22,881
15,211
38,092
20,782
38,836
1,074,735

continued...

Page 17

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 1,113,571 - 1,113,571
9. HERITAGE ASSETS
Total
£
MARKET VALUE
At 1 May 2025 and 30 April 2026 54,130
NET BOOK VALUE
At 30 April 2026 54,130
At 30 April 2025 54,130
The heritage assets relate to various items of furniture and artwork, valued at £33,130, located at The Guildha
Leicester and several items located at New Walk Museum, Leicester. The assets were valued by Richard Pla
MNAVA, Professional Valuer for the year ended 30 April 2023. Also included in heritage assets is a library valu
at £21,000.
The trustees have reviewed the valuation as at 30 April 2023 and are satisfied that it remains appropriate as at
April 2026, with no material changes considered necessary.
10. FIXED ASSET INVESTMENTS
Cash and
Listed settlements
investments pending Totals
£ £ £
MARKET VALUE
At 1 May 2025 956,509 5,679 962,188
Additions 40,792 - 40,792
Disposals (48,895) (1,187) (50,082)
Revaluations 148,297 - 148,297
At 30 April 2026 1,096,703 4,492 1,101,195
NET BOOK VALUE
At 30 April 2026 1,096,703 4,492 1,101,195
At 30 April 2025 956,509 5,679 962,188

The heritage assets relate to various items of furniture and artwork, valued at £33,130, located at The Guildhall, Leicester and several items located at New Walk Museum, Leicester. The assets were valued by Richard Plant MNAVA, Professional Valuer for the year ended 30 April 2023. Also included in heritage assets is a library valued at £21,000.

The trustees have reviewed the valuation as at 30 April 2023 and are satisfied that it remains appropriate as at 30 April 2026, with no material changes considered necessary.

There were no investment assets outside the UK.

continued...

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LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

10. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2026 is represented by:

Valuation in 2026
Cost		 Listed
investments
£
1,096,703
-
1,096,703		 Cash and
settlements
pending
£
-
4,492
4,492		 Totals
£
1,096,703
4,492
1,101,195

If investments had not been revalued they would have been included at the historical cost value of £898,795 (2025: £858,003)

11. STOCKS

11. STOCKS
2026 2025
£ £
Stocks 6,706 6,706
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Prepayments and accrued income 640 8,888
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Other creditors 28,383 10,156

continued...

Page 19

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Fund - Scarborough Legacy
Designated Fund - Project Funding
Designated Fund - Heritage Assets
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
74,577
TOTAL FUNDS
74,577
Comparatives for movement in funds
Unrestricted funds
General fund
Designated Fund - Scarborough Legacy
Designated Fund - Project Funding
Designated Fund - Heritage Assets
TOTAL FUNDS		 At 1.5.25
£
132,372
867,069
60,000
54,130
1,113,571
1,113,571
Resources
expended
£
(57,324)
(57,324)
At 1.5.24
£
93,536
867,069
60,000
54,130
1,074,735
1,074,735		 Net
movement
in funds
£
156,260
-
-
-
156,260
156,260
Gains and
losses
£
139,007
139,007
Net
movement
in funds
£
38,836
-
-
-
38,836
38,836		 At
30.4.26
£
288,632
867,069
60,000
54,130		 At
30.4.26
£
288,632
867,069
60,000
54,130
1,269,831
1,269,831
Movement
in funds
£
156,260
156,260
At
30.4.25
£
132,372
867,069
60,000
54,130
156,260
At
30.4.25
£
132,372
867,069
60,000
54,130
1,113,571
1,113,571

continued...

Page 20

LEICESTERSHIRE ARCHAEOLOGICAL AND HISTORICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2026

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 56,146 (38,092) 20,782 38,836
TOTAL FUNDS 56,146 (38,092) 20,782 38,836

The Scarborough Fund

The fund represents a bequest made by a former member of the Society. As such, it reflects a legacy contribution given with the intention of supporting the Society's ongoing work. The balance remains unchanged as at 30 April 2026 and was £867,069 (2025: £867,069).

The Project Fund

The fund comprises monies that have been deliberately set aside to support initiatives aligned with the Society's charitable aims and purposes. It provides a flexible resource to enable the Society to undertake specific activities, developments or improvements as opportunities arise. The balance remains unchanged as at 30 April 2026 and was £60,000 (2025: £60,000).

Heritage Assets

This represents the assessed value of the Society's assets housed at the Guildhall Library. The balance remains unchanged as at 30 April 2026 and was £54,130 (2025: £54,130).

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2026.

Page 21