| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Designated | |||||||
| Unrestricted | unrestricted | Total | Total | ||||
| INCOME AND ENDOWMENTS | FROM | Notes | funds I |
funds | fundsI | fundsI | |
| Donations and legacies |
50 | 50 | 6,250 | ||||
| Charitable activities |
|||||||
| Subscripgons -individuals Royalty fiom publisher Sales of International Journal |
and | other | 32789 8,074 |
32,789 8,074 |
32,163 9,427 |
||
| publications Income tax receivable |
2,065 5,034 |
2,065 5,034 |
607 5,234 |
||||
| Investment income |
36 | 16,372 | 16,408 | 13,510 | |||
| Total | 47,998 | 16,422 | 64,420 | 67,191 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Governance Society expenditure Designated expenditure Centenary celebrations |
21,069 6,571 |
16,095 | 21,069 6,571 16,095 |
17,060 14,065 25,586 2,282 |
|||
| Total | 27,640 | 16,095 | 43,735 | 58,993 | |||
| Net gains/(losses) on investments |
(31,154) | (31,154) | 93,202 | ||||
| NET INCOME/(EXPENDITURE) Transfers between funds |
14 | (10,796) 6,978 |
327 (6,978) |
(10,469) | 101,400 | ||
| Net movement in funds |
(3~818) | (6651) | (10,469) | 101,400 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought forward |
289,224 | 441,519 | 730,743 | 629,343 | |||
| TOTAL FUNDS CARRIED FORWARD | 285,406 | 434,868 | 720,274 | 730,743 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Designated | ||||||
| Unrestricted | unrestricted | Total | Total | |||
| Notes | funds | fundsI | funds | fundsI | ||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 1 | 1 | 1 | ||
| Investments | 11 | 209,667 | 434,868 | 644,535 | 682,340 | |
| 209,668 | 434,868 | 644,536 | 682,341 | |||
| CURRENT ASSETS | ||||||
| Debbxs Cash at bank |
12 | 10,011 90,805 |
10,011 90,805 |
6,264 68,973 |
||
| 100,816 | 100,816 | 75,237 | ||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 13 | (25,078) | (25,078) | (26,835) | |
| NET CURRENT ASSETS | 75,738 | 75,738 | ||||
| TOTAL ASSETS LESSCURRENT iIABILTIIES | 285,406 | 434,868 | 720,274 | 730,743 | ||
| NETASSETS | 285,406 | 434,868 | 720,274 | 730,743 | ||
| FUNDS | 14 | |||||
| Unrestricted funds: |
||||||
| General fund |
75,739 | 48,403 | ||||
| Designated Development |
Reserve | 434,868 | 441,519 | |||
| Fair value reserve | 209,667 | 240,821 | ||||
| 720,274 | 730,743 | |||||
| TOTAL FUNDS | 720,274 | 730,743 |
| COMPARATIVES FOR THE | STA | TEMENT OF FINAN | CIAL ACTIVITIES - YEAR | ENDED 30.6.21 | |
|---|---|---|---|---|---|
| Designated | |||||
| Unrestricted | unresb icted | Total | |||
| funds | funds | funds | |||
| E | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
6,250 | 6,250 | |||
| Charitable activities |
|||||
| Subscriptions - individuals |
32,163 | 32,163 | |||
| Royalty from pubiisher | 9,427 | 9,427 | |||
| Sales of International 3ournal |
and | other | |||
| publications | 607 | 607 | |||
| Income tax receivable | 5,234 | 5,234 | |||
| Investment Income |
13,506 | 13,510 | |||
| Total | 47,435 | 19,756 | 67,191 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Governance | 17,060 | 17,060 | |||
| Society expenditure | 14,065 | 14,065 | |||
| Designated expenditure |
25,586 | 25,586 | |||
| Centenary celebrabons |
2,282 | 2,282 | |||
| Total | 33,407 | 25,586 | 58,993 | ||
| Net gains on investments | 93,202 | 93,202 | |||
| NET INCOME/(EXPENDITURE) | 107,230 | (5,830) | 101,400 | ||
| Transfers between funds |
(7,988) | 7,988 | |||
| Net movement in funds |
99,242 | 2,158 | 101,400 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
189,982 | 439,361 | 629,343 |
| Designated | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | unrestricted | Total | ||||
| funds | funds | funds | ||||
| E | E | |||||
| TOTAL | FUNDS | CARRIED | FORWARD | 289,224 | 441,519 | 730,743 |
| 10. | TANSIBLE FIXEDASSET | S | |
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| E | |||
| COST | |||
| At 1July 2021 and 30June | 2022 | 1,907 | |
| DEPRECIATION | |||
| At 1July 2021 and 30June | 2022 | 1,906 | |
| NET BOOK VALUE | |||
| At 30June 2022 | |||
| At 30June 2021 | |||
| 11. | FIXEDASSETINVESTMENTS | ||
| Listed | |||
| investments | |||
| E | |||
| MARKET VALUE | |||
| At 1July 2021 | 682,340 | ||
| Additions | 59,359 | ||
| Disposals | (66,010) | ||
| Fair value adjustments | (31,154) | ||
| At 30June 2022 | 644,535 | ||
| NET BOOKVALUE | |||
| At 30June 2022 | 644,535 | ||
| At 30June 2021 | 682,340 | ||
| There were no investment | assets outside the UIC |
| The investments | represent | represent | holdings | holdings | in | the following: | the following: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment poitlblio managed by Rathbone |
Investment | Management | Limited | 601,401 | |||||||||||||
| Investment Funds |
managed | by BlackRock Investment | Management | (UK) Limited: | |||||||||||||
| BLKCharities UK Bond Fund 4,585.822 units (2021:4,585.822 |
units) | 7,362 | |||||||||||||||
| BLKCharities UK Equity |
Fund 5,422.000 units (2021:5,422.000 units) | 36,132 | |||||||||||||||
| 644,535 | |||||||||||||||||
| The histoncal cost ofthe | above investments | was E434,867(2021:E441,518). | |||||||||||||||
| DESTORS: AMOUNTS FALLING |
DUE WITHIN ONE YEAR | ||||||||||||||||
| 2022 | 2021 | ||||||||||||||||
| E | E | ||||||||||||||||
| Gift Aid - income | tsx refunds | 5,034 | 5,23'i | ||||||||||||||
| VAT | 1,101 | 1,030 | |||||||||||||||
| Prepayments | 3,876 | ||||||||||||||||
| 10,011 | 6,264 | ||||||||||||||||
| CREDITORS: AMOUNTS | FALIJNG DUE | WITHIN | ONE YEAR | ||||||||||||||
| 2022 | 2021 | ||||||||||||||||
| E | |||||||||||||||||
| Trade creditors | 1,190 | 4,480 | |||||||||||||||
| Taxation and social security | 484 | 473 | |||||||||||||||
| Other credibxs | 23,404 | 21,882 | |||||||||||||||
| 25,078 | 26,835 | ||||||||||||||||
| Analysis of deferred |
income: | deferred | income | comprises | amounts | received | in advance | for royalties | and | ||||||||
| editorial expenses, and fees |
for annual | membership | subscripllons. | It | is included | within other creditors above. | |||||||||||
| 2022 (E) | 2021 (E | ) | |||||||||||||||
| Balance at the beginning | of | the year | 18,491 | 17,804 | |||||||||||||
| Amount released |
to income | in the | year | (18,491) | (17,804) | ||||||||||||
| Amount deferred |
in the year | 19,786 | 18,491 | ||||||||||||||
| Balance at the end ofthe | year | 19,786 | 18,491 | ||||||||||||||
| MOVEMENT IN | FUNDS | ||||||||||||||||
| Net | Transfers | ||||||||||||||||
| movement | between | At | |||||||||||||||
| At 1.7.21 | in funds | funds | 30.6.22 | ||||||||||||||
| f | |||||||||||||||||
| Unrestriclad funds |
|||||||||||||||||
| General fund | 48,403 | 20,358 | 6,978 | 75,739 | |||||||||||||
| Designated Development |
Reserve | 441,519 | 327 | (6,978) | 434,868 | ||||||||||||
| Fair value reserve | 240,821 | (31,154) | 209,667 | ||||||||||||||
| 730,743 | (10,469) | 720,274 | |||||||||||||||
| TOTAL FUNDS | 730,743 | (10,469) | 720,274 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
6 | 5 | 8 | |||
| General fund Designabsd Development Fair value reserve |
Reserve | 47,998 16,422 |
(27,640) (16,095) |
(31,154) | 20,358 327 (31,154) |
|
| 64,420 | (43,735) | (31,154) | (10,469) | |||
| TOTAL FUNDS | 64,420 | (43,735) | (31,154) | (10,469) | ||
| Comparatlves for movement |
in liunds | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.7.20 | in funds | funds | 30.6.21 | |||
| Unrestricted funds |
5 | 6 | ||||
| General fund Designated Development Fair value reserve |
Reserve | 42,363 439,361 147,619 |
14,028 (5,830) 93,202 |
(7,988) 7,988 |
48,403 441,519 240,821 |
|
| 629,343 | 101,400 | 730,743 | ||||
| TOTAL FUNDS | 629,343 | 101,400 | 730,743 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 5 | 6 | ||||
| Unrestricted funds |
|||||
| General fund Designated Development Fair value reserve |
Reserve | 47,435 19,756 |
(33,407) (25,586) |
93,202 | 14,028 (5,830) 93,202 |
| 67,191 | (58,993) | 93,202 | 101,400 | ||
| TWAL FUNDS | 67,191 | (58,993) | 93,202 | 101,400 |
| 2022I | 2021 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations | 50 | 6,250 | ||
| Investment income |
||||
| Income from lixed asset Investments Interest received |
16,372 36 |
13,494 16 |
||
| 16,408 | 13,510 | |||
| Charitable activities |
||||
| Subscrlptions-individuals Royalty from publisher Sales of "International Journal" and other |
32,789 8,074 |
32,163 9,427 |
||
| publications Income tax receivable |
2,065 5,034 |
607 5,234 |
||
| 47,962 | 47,431 | |||
| Total incoming resources | 64,420 | 67,191 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Centenary expenditure including |
Yeomans Awards | 2,282 | ||
| Support costs | ||||
| Society expenditure | ||||
| "Links" quarterly magazine Meeting and visits |
5,788 783 |
13,255 810 |
||
| 6,571 | 14,065 | |||
| Designated expenditure |
||||
| Web development Investment management |
fees | 10,494 5,601 |
20,590 4,996 |
|
| 16,095 | 25,586 | |||
| governance costs |
||||
| Administrative assistance Insurance |
9,640 Sii |
9)365 651 |
||
| Council, travel and subsistence | expenses | 395 | 130 | |
| Telephone | 504 | 503 | ||
| Printing, stationery and photocopying Sundry expenses |
1,676 | 1,019 66 |
||
| Accountancy Carried forward |
2,765 15,491 |
2,573 14,307 |
| 2022 | 2021 | |
|---|---|---|
| Governance costs | ||
| Brought forward Legal fees Bank charges Bookkeeping Loss on foreign currency |
15,491 2,979 1,316 1,283 |
14,307 300 1,121 1,308 2'l |
| 21,069 | 17,060 | |
| Total resources expended | 43,735 | 58,993 |
| Net income | 20,685 | 8,198 |