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2024-12-31-accounts
|
Notes |
Unrestricted |
Unrestricted |
|
|
funds |
funds |
|
|
2024 |
2023 |
| INCOME AND ENDOWMENTS FROM: |
|
£ |
£ |
| Incoming resources from generated funds: |
|
|
|
| Donations and legacies |
2 |
|
2,052 |
| Other trading activities |
3 |
20,845 |
31,492 |
| Investments income |
4 |
47,989 |
33,556 |
| Otlicr: |
|
|
|
| Subscriptions and fees |
|
33>812 |
35,628 |
| Total |
|
102,646 |
102,728 |
| EXPENDITURE ON: |
|
|
|
| Raising funds |
|
11,824 |
11,598 |
| Charitable activities |
|
102,581 |
98,934 |
| Total |
|
114,405 |
110,532 |
| NET INCOMING/ (OUTGOING) RESOURCES |
|
|
|
| BEFORE OTHER RECOGNISED |
|
|
|
| GAINS/(LOSSES) |
|
(11,759) |
(7,804) |
| NET GAINS/(LOSSES) ON INVESTMENTS |
|
|
|
| Realised |
|
48,587 |
25,308 |
| Unrealised |
|
22,170 |
48,95! |
| Net Movement in Funds |
|
58,998 |
66,455 |
| Reconciliation of funds; |
|
|
|
| Total funds brought forward |
|
1,352,289 |
1,285,834 |
| TOTAL FUNDS CARRIED FORWARD |
|
1,411,287 |
1,352,289 |
|
|
2024 |
|
|
2023 |
|
|
Notes |
£ |
£ |
|
£ £ |
|
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible Fixed Assets |
7 |
|
|
663 |
|
291 |
| Investments |
8 |
1 |
,360,651 |
|
1,304,953 |
|
|
|
1,361,314 1,305,244 |
|
|
|
|
| CURRENT ASSETS |
|
|
|
|
|
|
| Due from fund managers 9 |
|
8,404 |
|
|
9,405 |
|
| Other debtors and prepayments 9 |
|
1»000 |
|
|
1,144 |
|
| Cash at bank and in hand |
|
35,953 |
|
|
35,179 |
|
| Cash balances with fund managers |
|
13,495 |
|
|
8,260 |
|
|
|
58,852 |
|
|
53,988 |
|
| CREDITORS: Amounts falling due |
|
|
|
|
|
|
| within one year |
10 |
8,879 |
|
|
6,943 |
|
| MET CURRENT ASSETS |
|
|
49 |
,973 |
47 |
,045 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
|
| LIABILITIES |
|
1,411 |
|
,287 |
1,352 |
,289 |
| Net assets |
|
1,411 |
|
,287 |
1.352 |
,289 |
| FUNDS |
|
|
|
|
|
|
| Reserves |
|
|
|
|
|
|
| Unrestricted |
11 |
1,411,287 1,352,289 |
|
|
|
|
|
|
1,411,287 1,352,289 |
|
|
|
|
| 2. Donations |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
| Donations |
|
|
52 |
|
| Legacies |
|
|
2,000 |
|
|
|
|
2,052 |
|
| 3. Other trading activities |
|
|
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
| lueome |
|
|
|
|
| Sales of publications |
61 |
|
283 |
|
| Sales of ties and badges |
98 |
|
551 |
|
| Sales of Compact Discs |
302 |
|
427 |
|
| Other sales |
157 |
|
367 |
|
| Other activities and trips/functions |
20,227 |
|
29,864 |
|
| Totai Other Income |
|
20,845 |
|
31,492 |
| Expenditure |
|
|
|
|
| Cost of sales CDs, books and artefacts |
|
|
1,113 |
|
| Costs of other activities and functions |
19>646 |
|
28,649 |
|
| Total Other Expenditure (see note 6) |
|
19,646 |
|
29,762 |
| Net surplus from other income & expenditure |
|
1,199 |
|
1,730 |
| 4. Investment income |
|
|
|
|
|
|
2024 |
|
2023 |
|
|
£ |
|
£ |
| Deposit interest |
|
859 |
|
439 |
| Fixed interest |
|
13,753 |
|
8,725 |
| Dividends receivable |
|
33,377 |
|
24,392 |
|
|
47,989 |
|
33,556 |
| 5. Subscriptions and Fees |
|
|
|
|
|
|
2024 |
|
2023 |
|
|
£ |
|
£ |
| Fellows |
|
25,374 |
|
27,666 |
| Libraries |
|
3,868 |
|
3,764 |
| Life fellows |
|
420 |
|
|
|
|
29,662 |
|
31»430 |
| Gift Aid tax recoveries received |
|
4J50 |
|
4,198 |
|
|
33,812 |
|
35,628 |
| 6. Charitable expenditure |
|
|
|
TOTAL |
TOTAL |
|
2024 |
2023 |
|
£ |
£ |
| Costs directly allocated to activities |
|
|
| Publications |
20,801 |
10,348 |
| Library costs and maintenance |
26,353 |
24,056 |
| Other expenditure (per note 3) |
19,646 |
29,762 |
| Administration and secretarial |
19,485 |
20,300 |
| Office materials, postage, insurance and lecture expenses |
10,508 |
8,720 |
| Gifts and donations |
1,160 |
1»217 |
| (Profit)/Loss on foreign currency transiation |
875 |
443 |
| Printing and stationery |
375 |
268 |
| independent examination and accountancy fees |
2,280 |
2,800 |
| Bank charges |
765 |
851 |
| Depreciation of fixed assets |
333 |
169 |
| Total resources expended |
102,581 |
98,934 |
| Expenditure is stated after charging: |
|
|
|
£ |
£ |
| Independent examiner's remuueraUon (incl. VAT): |
|
|
| As examiners |
798 |
985 |
| Other fees relating to accountancy _1,482 _1>815 |
|
|
| 7. Tangible Fixed Assets |
|
|
|
2024 |
2023 |
| Fixtures, Fittings & Equipment |
£ |
£ |
| Cost less depreciation 1 January 2024 |
291 |
459 |
| Additions during the year |
705 |
|
| Less: Depreciation charge for the year |
(333) |
(168) |
| Net book value at 3 P! December 2024 |
663 |
291 |
| 8. Investments |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Market value at 1 January 2024 |
1,304,953 |
1,216,999 |
| Acquisitions at cost |
896,836 |
282,324 |
| Sales proceeds from disposals |
(923,490) |
(268,628) |
| Gain/loss in the year |
82,352 |
74,259 |
|
1,360,651 |
1,304,953 |
|
2024 |
2023 |
|
£ |
£ |
| Investec Listed Non-UK Equities |
554,091 |
632,597 |
| Investec Listed UK Equities |
466,155 |
672,356 |
| M&G Charifund |
340,405 |
|
|
1,360,65 i |
1,304,953 |
|
2024 |
2023 |
|
£ |
£ |
| Debtors |
8,404 |
9,405 |
| Prepayments |
1,000 |
1,145 |
|
9,404 |
10,550 |
|
2024 |
2023 |
|
£ |
£ |
| Subscriptions received in advance |
1,528 |
1,101 |
| Expense and other creditors |
2,800 |
|
| Accrued expenses |
4,551 |
5,842 |
|
8,879 |
6,943 |
|
TOTAL |
TOTAL |
|
2U24 |
2023 |
|
£ |
£ |
| Incoming resources |
102,646 |
102,728 |
| Resources used |
(114,405) |
(110,532) |
| Realised gains/(lusses) on investment assets |
48,587 |
25,308 |
| Unrealised gains/(losses) on investment |
|
|
| assets |
22,170 |
48,951 |
| Net movement of funds |
58,998 |
66,455 |
| Balances brought forward |
1,352,289 |
1,285,834 |
| Balances carried forward |
1,411,287 |
1,352,289 |
|
TOTAL |
|
(24 Months) |
|
£ |
| Incoming resources |
205,374 |
| Resources used |
(224,937) |
| Realised gains/Qosses) on investment assels |
73,895 |
| Unreallsed gains/Qosses) on inveslment |
|
| assets |
71,121 |
| Net movement of funds |
125,453 |
| Balances brought forward |
1,285,834 |
| Balances carried forward |
1,411,287 |
|
Tangible |
|
Current |
|
|
Fixed |
|
Assets/ |
2024 |
|
Assets |
Investments |
(Liabilities) |
Total |
|
£ |
£ |
£ |
£ |
| General Fund |
663 |
1,360,651 |
49,973 |
1,411,287 |