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2022-02-28-accounts

REGISTERED CHARITYNUMBER.. 213620 Report of the Trustees for the Year ended 28 February 20 For The Royal Entomologlcal Society ol London Royal Entomological Society

Contents Reference and Administrative Detoils Report ol the Trustees Report ol the Ind8p8nd8nt Auditors M-16 stutement of Ftnanciol Activitie5 Balance Sheet 18 Cosh Flow Stotemènt 19 Notes to the Cash fli)w Stotement 20 Notes to the Finonciol Statèmènts 21-33 tieioiled Stotement of financiol Activities 34-35 2 1 Report of the Truskès fotthe Yeor Ended 28 Februory 2022

4th March 2021 4th March 2021 4th March 2021 Verrall Lecture 230 45(2) 84-85
7th March 2021 Young Verrall Lecture 100 45(2) 84-85
17th-18th March 2021 Ento Careers 100 45(2) 86-87
15th-16th April 2021 Aphid SIG 90 45(3)129-133
20th-22nd April 2021 Food 6 Feed SIG 117 45(3) 134-138
12th May 2021 Sustainable
Agriculture		 SIG 45 45(3) 138-140
12th June 202'I Conservation
SIG		 72 45(3)141-143
23rd-27th August 2021 ENTO'21 318 45(4) 198-201
Session
I		 Posters and President's
lecture		 invited 112
Session 2 Grand challenges
in		 entomology 94
Session 3 Insect declines
—evidence and
causes
Session 4 Insect declines - impacts and
responses
Session 5 Genomics
in taxonomy
biodiversity		 and 63
Session 6 "Blue skies" entomology 62
Session 7 Vectors ofhuman
and animal
pathogens
Session 8 Insects as inspiration for technology 50
Session 9 Engaging
diversely		 50
Session 10 Insecticide issues 58
21stOctober 2021 Forest Insects SIG 60 46(1) 36-40
3rd November 2021 Orthoptera
SIG		 49 46(i) 4i-43

Donations and legacies 2 94,538 74,108 168,646 152,765
Charitable activities
Publications 905,198 905,198 894,397
Membership,
Society
meetings
and engagement		 1,337 1,337
Special Interest Groups 438
Investment
income		 3 130,970 130,970 82,200
Other income 1,209 1,209 5,154
Totai 1,133,252 74,108 1,207,360 1,134,954
Publications 230,881 230,881 218,779
Library 150,268 150,268 195,860
Membership,
Society
meetings and engagement		 527,283 527,283 314,241
Grants to expeditions and
donations		 94,758 10,475 105,233 156,948
Case for Conservation 72,533 72,533 69,519
Total 1,003,190 83,008 1,086,198 955,347
Net gains on investments 161,924 3,017 164,941 744,693
Net Income/(Expenditure) 291,986 (5,883) 286,103 924,300
Transfers between funds (131,693) 131,693
Net movement
in funds		 160,293 125,810 286,103 924,300
Total funds brought forward 19,236,708 21,771 19,258,479 18,334,179
Total Funds Cardied Forward 19,397,001 147,581 19,544,582 19,258,479

Fixed Assets
Intangible assets 5 64,026 64,026
Tangible assets 12 2,595,453 2,595,453 2,601,869
Heritage assets 13 2,245,500 2,245,500 2,245,500
Investments
Investments 14 12,153,022 12,l53,022 11,667,406
Investment
property		 15 790,000 790,000 790,000
17,848,003 17,848,003 17,624,795
Current Assets
Debtors 997,420 997,420 365,278
Cash at bank and in hand 1,335,237 147,561 1,462,616 1,443,936
2,332,657 147,581 2,480,238 1,829,214
Creditors
Amounts
falling due
within one year		 17 (783,659) (783,asa) (as,s30)
Net Current Assets 1,548,998 147,581 t,ass,sya 1,733,984
Total Assets Less Current
Liabilities		 18,397,001 147,581 19,544,582 19,258,479
Fulttls 18
Unrestricted
funds		 19,397,001 19,236,708
Restricted funds 147,581 21,771
Total funds 19,544,582 19,259,479

Cash flows from operating activities
Cash generated
from operations		 I 111,639 146,720
Net cash provided
by operating
activities		 111,6$9 146,720
Cash flows from investing activities
Purchase ofintangible
fixed assets		 (67,764)
Purchase oftangible fixed assets (5,295) (5,507)
Purchase offixed asset investments (100,675) (57,438)
Interest received 162 418
Dividends
received		 foog845 57439
Net cash used in investing
activities		 (72,757) (5,088)
Change incash and cash equivalents inthe reporting period $8,662 141,632
Cash and cash equivalents atthe beginning ofthe reporting period 1,44$,9$6 1,302,304
Cash and cash equivalents
atthe end		 ofthe reporting period 1,482,818 1,443,935

Net income forthe reporting
period
(asperthe Statement ofFinancial Activities)		 Net income forthe reporting
period
(asperthe Statement ofFinancial Activities)		 286,103 924,300
Adjustments
for:
Depreciation
charges		 16,497 3,456
Gain on investments (164,941) (744,593)
Interest received (182) (419)
Dividends
received		 (100,846) (57,439)
Increase in debtors (612,142) (436)
Increase
in creditors		 688,129 21,950
Net cash provided
hy operations		 111,638 146,720
Netoash
Cash at bank and in hand		 1~443g936 38g882 1482 818
1,442,836 38,882 1,482,818
Total 1,443,836 38,882 1,482,818

Freehold property not provided
Fixtures and fittings IOILon cost
Lift 10%on cost
Computerequipment i 33%oncost

2.Donations and le gacies
2022 2021
PWCF/Daneway grant 74,196 70,193
Grants 3,963 3,529
Subscriptions 90,497 79,043
188,848 152,765
Grants received, included in the above, are asfollows:
2022 2021
Coronavirus
Job		 Retention Scheme 3,963 3,529
3.Investment income
2022 2021
9 9
Rents received 29,963 24,343
Other fixed asset invest —Fll 100,845 57,439
Deposit account interest 162 ,
'		 413
130,970 52,200

.Income from charitable activities
2022 2021
Activity
Publications Publications 905,198 I 894,397
Society Meetings and Strategic Membership, Society meetings 1,337
Profects and engagement
Special interest groups I Special Interest Groups 436
906,535 894,835

Charitable activit ies costs
Direct cost (9) Grant funding
of
activities (see note 6) (9)		 Supper't cos'ts
(seen note 7)(9)		 Totals (6)
Publications 86,058 144,823 230,881
Library 77,860 72,408 150,268
Membership, Society 334,191 193,092 527,283
meetings and
engagement
Grants to expeditions 32,825 72,408 105,233
and donations
Case for Conservation 72,533 72,533
570,642 32,825 482,731 1,086,198

2022 I 2021
f 8
Grants to expeditions and donations 32,525 ~ 30,765
2022 2021
Harper Adams University 12,000 I 20,000
Natural History Museum 250
Bedfordshire
Natural
History Society		 400
12,250 i 20,400

.Support costs
Management I Governance 2021
costs
Publications 142,573 2,250 144,823
Library Ti,283 1,125 72,408
j
Membership, Society meetings and 190,092 3,000 193,092
engagement
Grants toexpeditions and donations 71,283 i 1,125 72,408
475,231 ' 7,500 482,731

9.Staff costs
2022 2021
F
Wages and salaries 439,962 377,468
Other pension costs 47,907 43,239
487,889 420,707
2022 2021
Administrative 8 Support 10,
Library
10

Unrestricted Restricted Total funds
funds funds
f E f
INCOME AND ENDOWMENTS FROM
Donations and legacies 82,721 70,044 152,765
Charitable activities
Publications 894,397 894,397
Special Interest Groups 438 438
Investment income 82,200 i 82,200
Other income 5,154 5,154
Total 1,084,910 70,044 . 1,134,954
unrestricted Restricted Total funds
funds funds
EXPENDITURE ON
Charitable activities
Publications 218,779 218,779
Library 195,860 195,860
Membership, Society meetings and 314,241 314,241
engagement
Grants to expeditions and donations 156,948 156,948
Case for Conservation 69,519 69,519
~
Total 885,828 69,519 I 955,347
Net gains on investments 744,693 744,693
NET INCOME 923,775 525 I 924,300
RECONCILIATION OF FUNDS
Total funds brought forward 18,312,933 21,246 18,334,179
Total funds carried forward 19,236,708 21,771 19,258,479

1.Intangible
fixed assets
Website
COST
Additions 67,794
AMORTISATION
Charge for year 3366
NET BOOKVALUE
At 28 February 2022 84,028
At 28 February 2021

Freehold Fixtures and Lift Computer Totals
property fittings equipment
COST
At I March 2021 2,586,860 '116,076 122,302 2,825,238
Additions 5,295 5,295
At 28 February 2022 2,586,860 116,076 122,302 5,295 2,830,533
DEPRECIATION
At I March 2021 101,048 122,301 223,349
Charge for year 10,403 1,328 11,731
At 28 February 2022 111,451 122,301 1,328 235,080
NET BOOK VALUE
At 28 February 2022 2,586,860 4,625 3,967 2,595,453
At 28 February 2021 2,586,860 15,028 2,601,889

13.Heritage assets
Total
MARKET VALUE
At I March 2021 and 28 February 2022 2,245,500
NET BOOK VALUE
At 28 February 2022 2,245,500
At 28February 2021 2,245,500
Total
f
General Library stock 440,500
Serials 320,000
Rare books 1,485,000
Total 2,245,500

14.Fixed asset investments
Listed
investments
Market value
At 1 March 2021 11,887,406
Additions 100,675
Revaluations 164,941
At28 February 2022 12,153,022
Net book value
At 28 February 2022 12,153,022
At28 February 2021 11887406
Listed
investments
Valuation in 2022 164,941
Cost 11,988,081
12,153,022

Fair value
At I March 2021
and 28 February 2022 790,000
Net book value
At 28 February 2022 790,000
At 28 February 2021 790,000

6.Debtors: a mounts
falling due within one year
so22 I 2021
Trade debtors 654,415
Other debtors 190
VAT 34,613
Prepayments and accrued income 34s,oos I 350,475
997,420 f 385,278

7.Creditors: amounts
falling due within one ye		 ar
2022 2021
Taxation and social security 710,370 7,924
Other creditors 73,269 87,706
~
783,659 i 95,530

.Movemen t
in fund		 s
At 1.3.21 Net movement in funds Transfers
between
funds		 At 28.2.22
Unrestricted funds
General fund 19,036,271 290,524 I 3I333 19,330,128
Wigglesworth fund 65,411 1,452 [ 66,873
LJ Goodman fund 135,026 (135,026)
19,236,708 291,986 (131,693) 19,397,001
Restricted funds
Case ForConservation 21,771 1,575 i (6,000) 17,346
LJ Goodman (7,4ss) 135,026 127,568
Big Wasp Survey 2,667 2,667
21,771 (5,883) t 131,693 147,581
~
Total funds 19,258,479 286,103 19,544,582

At 1.3.20 Net movement in funds At 28.2.21
~
6 6
unrestricted funds
General fund 18,312,933 923,775 19,236,708
Restricted funds
Case For Conservation 21,246 525 21,771
Total funds 18,334,179 924,300 19,258,479
Incoming Resources Gains and Movement
resources expended losses in funds
6
Unrestricted funds
General fund 1,064,910 (885,828) 744,693 823,775
Restricted funds
Case For Conservation 70,044 (69,519) 525
Totalfunds 1,134,954 (955,347) 744,693 I 924,300
At 1.3.20 Net movement in funds Transfers
between funds		 At 28.2.22
Unrestricted funds
General fund 18,312,933 1,214,299 3,333 19,530,565
Wigglesworth fund 1,482 1,462
LJGoodman fund (135,026) (135,026)
18,312,933 1,215,761 (131,693) 19,397,001
Restricted funds
Case For Conservation 21,246 2,100 (s,ooo) 17,346
LJGoodman (7,4ss), 135,026 127,568
Big Wasp Survey 2,667 (
2L246 (5,358) 131,693 147,581
Total funds 18,334,179 1,210,403 19,544,582
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 2,198,162 (1,889,018) 905,155 1,214,299
Wigglesworth fund 1,462 1,462
Restricted funds
Case For Conservation 144,152 (142,052) 2,100
LJ Goodman (10,475) 3,017 ' (7,4ss)
144,152 (152,527) 3,017 i (5,358)
Total funds 2,342,314 (2,041,545) 909,634 1,210,403

¢¢ there's always something new to discover."

Royol Entomological Soc5ety Chiswell Green Lone St Albans. AL2 3NS United Klngdom Info@royen50c.co.uk +44 (0) 1727 899387 ityrfen50c.co.uk