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

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|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<br>Agriculture||SIG|45|45(3) 138-140|
|12th June|202'I||Conservation<br>SIG|||72|45(3)141-143|
|23rd-27th|August 2021||ENTO'21|||318|45(4) 198-201|
|Session<br>I|||Posters and President's<br>lecture||invited|112||
|Session 2|||Grand challenges<br>in|entomology||94||
|Session 3|||Insect declines<br>—evidence and|||||
||||causes|||||
|Session 4|||Insect declines - impacts and|||||
||||responses|||||
|Session 5|||Genomics<br>in taxonomy <br>biodiversity||and|63||
|Session 6|||"Blue skies" entomology|||62||
|Session 7|||Vectors ofhuman<br>and animal<br>pathogens|||||
|Session 8|||Insects as inspiration|for technology||50||
|Session 9|||Engaging<br>diversely|||50||
|Session 10|||Insecticide issues|||58||
|21stOctober 2021|||Forest Insects SIG|||60|46(1) 36-40|
|3rd November||2021|Orthoptera<br>SIG|||49|46(i) 4i-43|





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|Donations and legacies|2|94,538|74,108||168,646|152,765|
|---|---|---|---|---|---|---|
|Charitable activities|||||||
|Publications||905,198|||905,198|894,397|
|Membership,<br>Society<br>meetings<br>and engagement||1,337|||1,337||
|Special Interest Groups||||||438|
|Investment<br>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,<br>Society<br>meetings and engagement||527,283|||527,283|314,241|
|Grants to expeditions and<br>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<br>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|





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|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<br>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<br>falling due<br>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<br>Liabilities||18,397,001|147,581|19,544,582|19,258,479|
|Fulttls|18|||||
|Unrestricted<br>funds||||19,397,001|19,236,708|
|Restricted funds||||147,581|21,771|
|Total funds||||19,544,582|19,259,479|



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|Cash flows from operating activities|||||||
|---|---|---|---|---|---|---|
|Cash generated<br>from operations||||I|111,639|146,720|
|Net cash provided<br>by operating<br>activities|||||111,6$9|146,720|
|Cash flows from investing activities|||||||
|Purchase ofintangible<br>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<br>received|||||foog845|57439|
|Net cash used in investing<br>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<br>atthe end|ofthe|reporting period|||1,482,818|1,443,935|





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|Net income forthe reporting<br>period<br>(asperthe Statement ofFinancial Activities)|Net income forthe reporting<br>period<br>(asperthe Statement ofFinancial Activities)||286,103|924,300|
|---|---|---|---|---|
|Adjustments<br>for:|||||
|Depreciation<br>charges|||16,497|3,456|
|Gain on investments|||(164,941)|(744,593)|
|Interest received|||(182)|(419)|
|Dividends<br>received|||(100,846)|(57,439)|
|Increase in debtors|||(612,142)|(436)|
|Increase<br>in creditors|||688,129|21,950|
|Net cash provided<br>hy operations|||111,638|146,720|
|Netoash<br>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|





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



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|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<br>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|,<br>'|413|
||||130,970||52,200|





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|.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|



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|Charitable|activit|ies costs|||||
|---|---|---|---|---|---|---|
|||Direct cost (9)|Grant funding<br>of<br>activities (see note 6) (9)||Supper't cos'ts<br>(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|





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||||||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<br>Natural<br>History Society||||400|
|||12,250|i|20,400|



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|.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|



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|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|



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|||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|



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





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|||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|



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|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|



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|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|





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|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|



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|6.Debtors: a|mounts<br>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|



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|7.Creditors: amounts<br>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|





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|.Movemen|t<br>in fund|s||||||||
|---|---|---|---|---|---|---|---|---|---|
|||At 1.3.21|Net movement|in funds||Transfers<br>between<br>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|






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|||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<br>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|





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¢¢
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