Navy Records Soclety Balance Sheet as at 31st December 2020 2020 2019 Acc mulated fund Balan at 31st December 2019 Surplus/(Deficit) for the year 108,801 94,879 13,922 Balance at 31st December 2020 £ 97,953 £ 108,801 Represented by: Assets Bank balances Barclays Bank - Community account High Interest account - Income account 16,018 16.022 204 31,244 11,638 16,009 442 28,089 Adam & Co Fixed Asset Investments at value 66,709 80,712 97,953 £ 108,801 Notss to the accounts for the year ended 31st December 2020 Accountin olicies The principal accounting policies which are adopted in the preparation of the Society's accounts are as follows: Basis of accountin The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with Applicable Accounting Standards. The investments have been included in the accounts at market value in accordan with The Charities Act 2011. ststement of Socie sres onsibilities The Society's rules require accounts to be prepared which give a true and fair view of its state of affairs at 31 st Dernber 2020 and of its receipts and payments for the year then ended. These statements are required to be examined by an independent examiner and copies made available to members. The Society is responsible also for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Society and for safeguarding its assets. Approved by the Council on: President Treasurer
Navy Records Soclety Recelpts and Payments Account including Unrealised Galns and Losses for the Year ended 31st December 2020 2020 2019 Recei Subscriptions Paypal subscriptions- full Paypal subscriptions - student Paypal subscriptions- online Stripe subscriptions Gift aid Sales Donations Postage received Dividends and interest Royalties 12,347 5.640 1,650 350 10,640 2,747 422 11 200 3.925 674 13,847 5,160 550 380 10,230 2,342 387 1,003 2,780 2,155 £ 38606 38,834 Pa ments General editorfs costs Upkeep of membership records and administration fee Printing, publishing, distribution and editorial expenses Online editor The Burlington Partnership Storage Room hire Gain/(loss) on disposal of investments Sundry expenses 5,400 4,200 10,398 6,017 5,400 6,000 4,200 9,476 7,392 5,505 12 940 (9,109) 3,548 560 3,476 £ 35,461 27,964 Reco nlsed Su lusl Deflclt for the ear 3,155 10,870 nreco nised alns for the ear Gain/(loss) on change in market value on investments (14,003) 3,052 Totsl reco nlsed an unreco nis dsu lus for he ear 10,848 13,922
Independent Examinerfs Report to the Trustees of the Navy Records Society I report on the accounts of the Society for the year ended 31 st Dernber 2020, which are set out on the pages attached. Respective responsibilities of trustees and examiner As the dub's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of prOdureS specified in the General Directions given by the Charity Commissioners whether particular matters have come to my attention. Basis of examinerfs ststement My examination was carried out in accordance with the General Directions given by the Charity Commissloners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examinerfs unquallfled ststsment In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material spect 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. Name: M Robinson FCA Relevant professional qualification or body: Chartered Accountant Address: 223 South Coast Road, Peahaven, East Sussex, BN10 8LB Date:
Navy Records Society Statement of Investments at 31st December 2020 Cost at Market value Market value 31.12.2020 at 31.12.2020 at 31.12.2019 4,860.176 M & G Charifund Income Units 6,491 66,709 80,712 6,491 £ 66,709 80,712 Market Value M&G 18 16 14 12 10 M&G 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020