**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: 

- Delivering lectures for members with free public access, and delivering events with a broad range of activities for free public access; the next History Fair will be held on Sunday 5 July 2027. 

- Continuing to publish Transactions, the Leicestershire Historian, and regular Newsletters. 

- Increasing the accessibility of research documents held by the Society since its foundation on 10 January 1855. 

- To broaden online access to Transactions and the Leicestershire Historian, making them available to the membership as soon after hard copy publication as possible, and freely available to the public 12 months after hard copy publication. 

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<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Other trading activities<br>2<br>Investment income<br>3<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>4<br>Promoting the study of history and archaeology<br>Other<br>**Total**<br>Net gains on investments<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>**16,948**<br>**5,923**<br>**51,706**<br>**74,577**<br>**44,498**<br>**12,826**<br>**57,324**<br>**139,007**<br>**156,260**<br>**1,113,571**<br>**1,269,831**|Restricted<br>funds<br>£<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**2026**<br>**Total**<br>**funds**<br>**£**<br>**16,948**<br>**5,923**<br>**51,706**<br>**74,577**<br>**44,498**<br>**12,826**<br>**57,324**<br>**139,007**<br>**156,260**<br>**1,113,571**<br>**1,269,831**|2025<br>Total<br>funds<br>£<br>12,910<br>136<br>43,100|
|---|---|---|---|---|
|||||56,146|
|||||22,881<br>15,211|
|||||38,092|
|||||20,782|
|||||38,836<br>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<br>**FIXED ASSETS**<br>Heritage assets<br>9<br>Investments<br>10<br>**CURRENT ASSETS**<br>Stocks<br>11<br>Debtors<br>12<br>Cash at bank<br>**CREDITORS**<br>Amounts falling due within one year<br>13<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**NET ASSETS**|Unrestricted<br>funds<br>£<br>**54,130**<br>**1,101,195**<br>**1,155,325**<br>**6,706**<br>**640**<br>**135,543**<br>**142,889**<br>**(28,383)**<br>**114,506**<br>**1,269,831**<br>**1,269,831**|Restricted<br>funds<br>£<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**2026**<br>**Total**<br>**funds**<br>**£**<br>**54,130**<br>**1,101,195**<br>**1,155,325**<br>**6,706**<br>**640**<br>**135,543**<br>**142,889**<br>**(28,383)**<br>**114,506**<br>**1,269,831**<br>**1,269,831**|2025<br>Total<br>funds<br>£<br>54,130<br>962,188<br>1,016,318<br>6,706<br>8,888<br>91,815<br>107,409<br>(10,156)<br>97,253<br>1,113,571<br>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**<br>14<br>Unrestricted funds:<br>General fund<br>Designated Fund - Scarborough Legacy<br>Designated Fund - Project Funding<br>Designated Fund - Heritage Assets<br>**TOTAL FUNDS**|**288,632**<br>**867,069**<br>**60,000**<br>**54,130**<br>**1,269,831**<br>**1,269,831**|132,372<br>867,069<br>60,000<br>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.**<br>**INVESTMENT INCOME**<br>**2026**<br>**£**<br>Income from investment<br>**50,082**<br>Deposit account interest<br>**1,624**<br>**51,706**<br>**4.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Direct<br>Grant<br>Costs (see<br>funding of<br>note 5)<br>activities<br>£<br>£<br>Promoting the study of history and<br>archaeology<br>**30,729**<br>**13,769**<br>**5.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>**2026**<br>**£**<br>Lecture expenses<br>**2,240**<br>Library purchases<br>**78**<br>Insurance<br>**1,277**<br>Cost of literature<br>**19,448**<br>Subscriptions<br>**424**<br>Rent and administrative expenses<br>**3,270**<br>Service level agreements<br>**(6,000)**<br>History fair expenditure<br>**9,992**<br>**30,729**|2025<br>£<br>41,187<br>1,913<br>43,100<br>Totals<br>£<br>**44,498**<br>2025<br>£<br>(1,341)<br>61<br>1,237<br>4,762<br>253<br>3,834<br>-<br>-<br>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**<br>Donations and legacies<br>Other trading activities<br>Investment income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Promoting the study of history and archaeology<br>Other<br>**Total**<br>Net gains on investments<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward|Unrestricted<br>funds<br>£<br>12,910<br>136<br>43,100<br>56,146<br>22,881<br>15,211<br>38,092<br>20,782<br>38,836<br>1,074,735|Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Total<br>funds<br>£<br>12,910<br>136<br>43,100|
|---|---|---|---|
||||56,146|
||||22,881<br>15,211|
||||38,092|
||||20,782|
||||38,836<br>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... 

Page 18 



**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<br>Cost|**Listed**<br>**investments**<br>**£**<br>**1,096,703**<br>**-**<br>**1,096,703**|**Cash and**<br>**settlements**<br>**pending**<br>**£**<br>**-**<br>**4,492**<br>**4,492**|**Totals**<br>**£**<br>**1,096,703**<br>**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**<br>General fund<br>Designated Fund - Scarborough Legacy<br>Designated Fund - Project Funding<br>Designated Fund - Heritage Assets<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>**74,577**<br>**TOTAL FUNDS**<br>**74,577**<br>**Comparatives for movement in funds**<br>**Unrestricted funds**<br>General fund<br>Designated Fund - Scarborough Legacy<br>Designated Fund - Project Funding<br>Designated Fund - Heritage Assets<br>**TOTAL FUNDS**|At 1.5.25<br>£<br>**132,372**<br>**867,069**<br>**60,000**<br>**54,130**<br>**1,113,571**<br>**1,113,571**<br>Resources<br>expended<br>£<br>**(57,324)**<br>**(57,324)**<br>At 1.5.24<br>£<br>93,536<br>867,069<br>60,000<br>54,130<br>1,074,735<br>1,074,735||Net<br>movement<br>in funds<br>£<br>**156,260**<br>**-**<br>**-**<br>**-**<br>**156,260**<br>**156,260**<br>Gains and<br>losses<br>£<br>**139,007**<br>**139,007**<br>Net<br>movement<br>in funds<br>£<br>38,836<br>-<br>-<br>-<br>38,836<br>38,836|At<br>30.4.26<br>£<br>**288,632**<br>**867,069**<br>**60,000**<br>**54,130**|At<br>30.4.26<br>£<br>**288,632**<br>**867,069**<br>**60,000**<br>**54,130**|
|---|---|---|---|---|---|
|||||**1,269,831**||
|||||**1,269,831**||
|||||Movement<br>in funds<br>£<br>**156,260**<br>**156,260**<br>At<br>30.4.25<br>£<br>132,372<br>867,069<br>60,000<br>54,130||
||||||**156,260**|
||||||At<br>30.4.25<br>£<br>132,372<br>867,069<br>60,000<br>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