2020-12-31-accounts

Charity number		209605
Principal address		St Ann's Vestry Hall
		2 Church Entry
		London
		EC4V 5HB
Website		www. ancientmonumentssociety.		org.uk
Patron		His Royal Highness The Prince		ofWales KG KT
President		The Rt Hon The Lord inglewood		DL MRICS
Vice-Presidents		Simon Barnes MA MBA
		Professor Gwyn I Meirion-Jones		BScMPhil PhD FSA
		Anthony Rossi CBEKSG Dip	Arch Dip Con Studies (York) RIBA(t9.10.20)
Council
(subject to annual	election)
(AGM for 2020 was held on 7 December)
Officers
Chairman		Giles Quarme BA Dip Arch Dip Con (AA)			RIBA FRSA
Deputy Chairman		Anthony Peers MA FSA
Hon Secretary		Kathleen Fishwick MBE ATD	Dip Con Studies (York)
Hon Treasurer		Leslie Du Cane BScACA
Hon Editor		John Bold BA PhD FSA
Elected Members	ofCouncil	Giles Adams BA MA
		Jill Charmer BA MA FSA FRSA		IHBC
		Martin Cherry BA PhD FSA
		Judith Cligman BA MA IHBC
		Edward impey MA (Oxon) DPhil		FSA FRHistS MClfA
		Robert Kindred MBE BA MRTPI		IHBC
		Ed Morton BEng CEng FICE	IHBC CARE
		William Palin MA (Oxon) MA	(Courtauld)		(until December 2020)
		Richard Pollard MA (Cantab)	MA (Courtauld)
		Carole Ryan BScMA MClfA	MRICS IHBC
		Philip Thomas B Mus Dip Th	St	Hon RSAW
		Roger Wools BArch PhD Dip Con Studies (York) RIBA IHBC

		Page
Trustees' report
Statement ofTrustees'	responsibilities
Independent auditor's	report	7-9
Statement offinancial	activities
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-24

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2020	2020	2020	2019	2019	2019
			Notes	6	6	f	F	6	8
Income from:
Donations and	legacies		3	705,256		705,256	121,394		121,394
Charitable activities			4		43,291	43,291		42,645	42,645
Other trading activities			5	429		429	3,460		3,460
Investments			6	56,607		56,607	57,528		57,528
Total income				762,292	43,291	805,583	182,382	42,645	225,027
~Edit
Raising funds			7	12,850		12,850	14,037		14,037
Charitable activities			8	78,069	43,291	121,360	105,098	42,645	147,743
Totalresources
expended				90,919	43,291	134,210	119,135	42,645	161,780
Net gains/(losses)		on
investments			12	83,488		83,488	205,840		205,840
Net movement	in	funds		754,861		754,861	269,087		269,087
Fund balances	at 1
January 2020				1,976,085		1,976,085	1,706,998		1,706,998
Fund balances	at	31
December 2020				2,730,946		2,730,946	1,976,085		1,976,085

						2020		2019
					Notes	f		f
Fixed assets
Tangible assets					13		405		98
Investment	properties				14		425,000		425,000
investments					15		1,507,568		1,440,637
							1,932,973		1,865,735
Current assets
Debtors					18	31,407		14,635
Cash at bank and			in	hand		789,418		134,951
						820,825		149,586
Creditors:	amounts			falling due within
one year					17	(22,852)		(39,236)
Net current	assets						797,973		110,350
Total assets less			current liabilities				2,730,946		1,976,085
Income funds ~dt t t d t		~
Designated	funds				19	8,600		8,600
General unrestricted				funds		2,722,346		1,967,485
							2,730,946		1,976,085
							2,730,946		1,976,085

					2020		2019
				Notes	6		f.
Cash flows from operating		activities
Cash generated from operations				23		581,841		25,553
Investing	activities
Purchase	oftangible fixed assets				(538)
Purchase	of investments				(124,707)		(86,449)
Proceeds	on disposal of investments				141,264		10,037
Invsstmsnt	income received				56,607		57,528
Net cash	generated from/(used		in)
investing	activities					72,626		(18,884)
Net cash	used in financing	activities
Net increase in cash and cash			equivalents			654,467		6,669
Cash and	cash equivalents	at beginning		ofyear		134,951		128,282
Cash and	cash equivalents	at end of		year		789,418		134,951

					Unrestricted	Unrestricted
					funds	funds
					2020	2019
					f	8
Publishers	licence fees				375	172
Sale ofpublications					54	103
Other income						983
Income from annual			lecture and study visits			2,202
Other trading		activities			429	3,460
Investments
					Unrestricted	Unrestricted
					funds	funds
					2020	2019
					f
Rental income					11,700	14,658
Income from listed			investments		44,796	42,569
Interest receivable					111	301
					56,607	57,528
Raising funds
					Unrestncted	Unrestricted
					funds	funds
					2020	2019
					f	8
Investment	management			fees	7,984	7,863
Investment	property		costs		4,866	6,174
					12,850	14,037

		2020	2019
			8
Staff costs		66,208	63,876
Depreciation and impairment		231	1,442
Premises		5,478	24,418
Insurance		1,538	1,764
Telephone		1,619	1,979
Postage and stationery		3,467	3,037
Wsbsite and ITcosts		1,685	3,826
Stafftravel expenses		408	722
Typing services		1,500	1,500
Representations ofSociety		326	484
Joint committee			600
Transactions		10,048	9,024
Newsletter		10,957	10,031
Works ofreference		978	819
Study visits			1,742
Sundries		1,046	3,901
Casework costs		5,970	6,296
Famham repairs		911
		112,370	135,461
Share of support costs (sse note 9)		788	688
Share ofgovernance	costs (see note 9)	8,202	11,594
		121,360	147,743
Analysis by fund
Unrestricted funds		78,069	105,098
Restricted funds		43,291	42,645
		121,360	147,743

Support	costs
			Support	Governance	2020Support	costs	Governance	2019
			costs	costs			costs
			E	E			E
Bank charges			788		788	688		688
Audit fees				4,800	4,800		3,600	3,600
Legal fees				931	931
AGM costs				170	170		3,157	3,157
Trustees'	expenses	&
room hire				2,206	2,206		4,812	4,812
Sundries				95	95		25	25
			788	8,202	8,990	688	11,594	12,282
Analysed	between
Charitable	activities		788	8,202	8,990	688	11,594	12,282

		2020	2019
		Number	Number
Administration
Employment	costs	2020	2019
		E	E
Wages and salaries		59,666	57,355
Social security	costs	2,417	3,149
Other pension	costs	4,125	3,372
		66,208	63,876

				Unrestricted	Unrestdicted
				funds	funds
				2020	2019
					f
Revaluation	ofinvestments			120,579	205,126
Gain/(loss) on sale of		investments		(37,091)	714
				83,488	205,840
Tangible fixed assets
			Vestry Hall	ONce	Total
			ONce	equipment
			6
Cost
At 1 January	2020		26,000	12,769	38,769
Additions				538	538
At 31 December 2020			26,000	13,307	39,307
Depreciation	and impairment
At 1 January	2020		25,999	12,672	38,671
Depreciation	charged	in the year		231	231
At 31 December 2020			25,999	12,903	38,902
Carrying amount
At 31 December 2020				404	405
At 31 December 2019				97	98

Investment property
	2020
	E
Fair value
At 1 January 2020 and 31 December 2020	425,000

	Listed
	investments
Cost orvaluation
At 1 January 2020	1,440,637
Additions	124,707
Valuation changes	120,579
Disposals	(178,355)
At 31 December 2020	1,507,568
Carrying amount
At 31 December 2020	1,507,568
At 31 December 2019	1,440,637

Debtors
		2020	2019
Amounts falling due within one year:			6
Other debtors		28,655	11,869
Prepayments	and accrued income	2,752	2,766
		31,407	14,635

Creditors: amounts f	alling due within one year
		2020	2019
			8
Other taxation and social security		483
Other creditors		7,093	20,809
Accruals and deferred	income	15,276	18,427
		22,852	39,236

			Movemsnt	Movemsnt	in funds
		Balance at	Incoming			Balance at
		1 January	resources	Resources		31 December
		2020			expended	2020
		6	f		6	6
Historic England	re casework		41,220		(41,220)
Cadw re casework			2,071		(2,071)
			43,291		(43,291)

		Balance at	Incoming		Balance at
		1 January	resources	Resources	31 December
		2019 f		expended f	2019 6
Historic England	re casework		40,615	(40,615)
Cadw re casework			2,040	(2,040)
			42,655	(42,655)

						Movement		Movement
						in funds		in funds
					Balance at	Incoming	Balance at	Incoming	Balance at
					1 January 2019	I'asourcas	1January	resources	31 December
							2020		2020
							F		8
	Vestry Hall		Refurbishment		6,137		6,137		6,137
	Investment		Proferty Fabric Fund		2,463		2,463		2,463
					8,600		8,600		8,600
20	Analysis	of net assets between funds
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
					funds			funds
					2020	2020	2019	2019	2019
					6	6	6	f	6
	Fund balances at 31
	December		2020 are
	represented		by:
	Tangible	assets		405		405	98		98
	Investment		properties	425,000		425,000	425,000		425,000
	Investments		1,507,568			1,507,568	1,440,637		1,440,637
	Current	assets/(liabilities)
				797,973		797,973	110,350		110,350
			2,730,946			2,730,946	1,976,085		1,976,085

	2020	2019
	6	8
Within one year	3,094	4,125
Between two and five years		3,094
	3,094	7,219

23	Cash generated from	operations			2020 F	2019f
	Surplus for the year				754,861	269,087
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(56,607)	(57,528)
	Loss/(gain) on disposal	of investments			37,091	(714)
	Fair value gains and losses on investments				(120,579)	(205,126)
	Depreciation and impairment oftangible fixed assets				231	1,442
	Movements in working	capital:
	(Increase) in debtors				(16,772)	(5,557)
	(Decrease)/increase in	creditors			(16,384)	23,949
	Cash generated from	operations			581,841	25,553
24	Analysis ofchanges	In net funds
	The Society had no debt during the year.